philip lelyveld The world of entertainment technology

6Sep/22Off

Olafur Eliasson launches a virtual reality work and NFT commissioned by MetaKovan—the man who paid $69.3m for ‘that’ Beeple

The NFT of Your view matter is a one-off, non-editioned, token created for MetaKovan—its ownership and provenance captured on a permanent ledger on the blockchain—and has been minted on Polkadot, a platform regarded as having the lowest total electricity consumption and total carbon emissions-per-year of all crypto platforms.

Being conscious of the environmental cost of minting NFTs is, Eliasson says, of enormous importance, and something that he discussed with MetaKovan.  ...

AR and VR versions of the piece will be available free to view on the Acute Art app and via a link for viewing on a computer or in a VR headset. ...

See the full story here: https://www.theartnewspaper.com/2022/09/05/olafur-eliasson-launches-a-virtual-reality-work-and-nft-commissioned-by-metakovanthe-man-who-paid-693m-for-that-beeple

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