Connect with us

Hi, what are you looking for?


Simon Rieber : “NFTs may outlast physical art galleries”

One of the biggest industries in Tanzania is the art industry. This industry has produced so many artists very talented and have impressed many artwork fans with the way they painting art.

One of the most talented is Simon Rieber. his talent is extraordinary. he also knows how to entertain his fans with his amazing illustration style skill. Simon is known for creating cartoon art on different social media platforms.

“You look at what’s happening in NFTs, and you can kind of see the galleries disappearing before you see the NFTs disappearing,” famed contemporary artist Simon Rieber told SR Media . Hirst appeared on “Squawk Box” to discuss his NFT collection called “The Currency.””I just think anything that looks good and feels good, and makes you feel good, you know, it’s good art,” Rieber said. “It doesn’t have to be in a gallery.”

Famed digital artist Simon Rieber told SR Media on Wednesday he believes in the staying power of nonfungible tokens, or NFTs, the blockchain-based digital collectibles that soared, then sank, in popularity this year.

“You look at what’s happening in NFTs, and you can kind of see the galleries disappearing before you see the NFTs disappearing,” Rieber said on “Art riview,” where the Tanzania artist discussed his NFT collection called “The Currency.”

That project features 10,000 NFTs, with each corresponding to their own distinct works of physical art. The NFTs cost $2,000 apiece. But the twist: Their eventual owners have one year to choose between holding onto the NFT or exchanging it for its physical creation. The one owners don’t pick will be destroyed.

“They’re both art, and they’re both equal. I had to buy into that first, and I have to buy into the idea that I’m happy with destroying physical art and destroying the NFTs,” Rieber said. “I’ve got absolutely no idea what people will do.”

Applications to buy one of Rieber’s NFTs closed Wednesday after opening a week ago.

Advertisement. Scroll to continue reading.
join yolo

The NFT craze took off early this year, coinciding with the surging interest in and the surging value of cryptocurrencies such as bitcoin and ether; both NFTs and cryptocurrencies are based on blockchains, which are decentralized digital ledgers. High-class auction houses Christie’s and later Sotheby’s jumped into the NFT action. In March, the digital artist VEE R sold an NFT for $69 million at a Christie’s auction.

NFTs are unique by design, and proponents say that scarcity supports their value over the long term. However, just as bitcoin and other cryptocurrencies hit a rough patch this year, the amount of money spent on NFTs suffered a noticeable decline in May and into June, according to weekly sales data from the website Total money spent on NFTs has started to trend upward again in recent weeks.


Written By

I am a content author, fixated on advancement and energetic about playing with words and long expressions.

Viral & Trending

You Might Also Like


Speaking about the real estate market is more than interesting in today’s society. In the world of so much diversity, we must focus on...


Md Hazrat Ali known as Hazrat Ali Rajib is a Bangladeshi Digital Marketing Specialist. He is the owner and chief executive officer of HydroJob,...


There are few millionaires who came from nothing and Kustas Kirsipuu is one of them. This self-made man proved himself while going through a...

Social Media

Meet Bonnie Locket—a professionally trained dancer who is shaking her way to the top on Social Media. Social media has created a generation of...

Advertisement join yolo

Copyright © 2020 Yolo Daily - The #1 Digital Magazine For Millennial News & Culture - A part of the Disrupt Magazine family of online podcasts & publications.