M○C△ WEEKLY 5/5
*Links to all the news you need to know*
Your M○C△ Weekly Round-Up
Crypto Art
How ‘more mature’ collectors are powering the NFT market’s comeback (TheArtNewspaper)
I just want to say, briefly, that when I go seeking “news stories” about crypto art for this newsletter, I find an overwhelming majority of the stories about digital or crypto or NFT or blockchain art are obviously sponsored stories about how this-or-that artist is “revolutionizing art on the blockchain” and “bringing life back to Bitcoin art” and other hyperbolic, nonsensical boasts. Just be aware, my friends, that there are rotten things in the state of Denmark. You find this often on publications like CoinTelegraph and CryptoNews, so just be wary out there: It’s super easy to buy press if you have the cash on-hand.
And then, on top of that, there just aren’t very many sites dedicated to writing about crypto art itself. RightClickSave is wonderful, but they currently publish new articles very infrequently. And NFTNow, they do some good stuff, but most of their output is market-based and hype-chasing.
SuperRare SVP Supports Slashing Fees Amid Artist Feedback (NFTPlazas)
Frank Stella, Trailblazing Artist Who Pushed Abstraction to Its Limits, Dies at 87 (ArtNews)
Metaverse
Sexual violence in the metaverse has real-world impact on victims (NewsWires)
Yuga Labs will build its Otherside metaverse on Improbable’s Msquared (VentureBeat)
How Walmart is breathing life into metaverse commerce with Roblox (CSA)
Does Meta’s pivot to AI signal a widespread abandonment of the metaverse? (YahooFinance)
AI
AI engineers report burnout and rushed rollouts as ‘rat race’ to stay competitive hits tech industry (CNBC)
Nick Bostrom Made the World Fear AI. Now He Asks: What if It Fixes Everything? (Wired)
Japan’s Kishida unveils a framework for global regulation of generative AI (APNews)
Finance
Crypto leaders should stop flirting with CBDCs (CoinTelegraph)
Experts, politicians call for scrutiny of Venezuela's use of cryptocurrency (Reuters)
Asia's first spot bitcoin and ether ETFs make lukewarm Hong Kong debut (Reuters)
Potpourri
NFTs Back to Earth (ArtReview)
Yuga Labs ‘Lost Its Way’ Says CEO as Bored Ape NFT Maker Reveals Layoffs (decrypt)
New York Woman Gets 18 Years for Funding Terrorism With Cryptocurrency (NewYorkTimes)
'Bitcoin Jesus' arrested in Spain on US tax evasion charges (Reuters)
Tweet of the Week
Art From M○C△’s Collection
Art in the Wild
Traditional Art Banger
Quote of the Week
“You can cut all the flowers but you cannot keep spring from coming.”
-Pablo Neruda
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