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Murakami.Flowers in particular proved to be a challenging project for the artist, as he delayed its launch to fine tune the project before eventually rolling it out May 2022, right as the crypto and NFT markets crashed. <\/p>\n
With floor prices and sales being stagnant after launch, Murakami ultimately apologized to the people who bought his NFTs. However the community seemed to understand at the time, given that broader market factors were at play. <\/p>\n
Still despite this, Murakami.Flowers has generated 26,713 Ether (ETH) or $42.52 million worth of secondary trading volume to date, with an NFT floor price of 0.36 ETH ($573) according to data from OpenSea. <\/p>\n
NFT artist wins multi-million dollar contract dispute<\/h3>\n
NFT artist Danny Casale, also known as Coolman Coffeedan, has won a multimillion-dollar profit-sharing related contract dispute with Web3 art curators DigiArt.<\/p>\n
As per a Sept. 22 report fromArtNet, Casale signed on to be repped by DigiArt back in May 2021, withthe firm helping him gain exposure in exchange for a 50-50 split of hisNFT sales and the exclusive \u201cright to market and offer for sale all <\/em>non-fungible tokens created by Casale\u201d up until the contract expired on May 2, 2022.<\/p>\n However, DigiArt sued Casale in March 2023 over an alleged breach of contract after the artist launched an NFT project by himself on Dec. 21, 2021 called Coolman\u2019s Universe<\/em>.<\/p>\n The project consists of 10,000 cartoon avatar NFTs and to date, has goneon to generate 26,399 ETH ($42 million) worth of secondary sales according to data from OpenSea.<\/p>\n DigiArt alleged that Casale \u201cwholly ignored his contractual obligations\u201dby launching the project, but failed to list any specific monetary damages in the complaint. The firm also admitted to not attempting to enforce the agreement until months after the project had launched.<\/p>\n Additionally, DigiArt also did not provide a written start date on the contract with Casale, along with several other important details.<\/p>\n This ultimately led Judge Wendy Berger of the U.S. District Court for the Middle District of Florida, Orlando division to rule in favor of Casale and dismiss the case.<\/p>\n \u201cThe draft contained several blanks, including the effective date, the name of the artist, and the allocation of net sale proceeds\u2026in the body of the e-mail, [DigiArt\u2019s] representative stated that the profit split would be \u201950\/50\u2019 \u2018on initial NFT drops,’\u201d the court document read.<\/p>\n Krapopolis, the NFT-linked animated series from Rick and Morty<\/em> co-creator Dan Harmon is finally set to air this month, after first being announced back in June 2021. <\/p>\n The show is set to debut with the first two episodes on FOX on Sept. 24,and will then feature on FOX\u2019s Animation Domination series block alongside The Simpsons, Family Guy and Bob\u2019s Burgers, starting from Oct.1.<\/p>\n Krapopolis<\/em> is a comedy set in ancient Greece that follows a \u201cflawed family of humans, gods and monsters that try to run one of the world\u2019s first cities without killing each other.\u201d<\/p>\n The show’s NFTs are called \u201cKrap Chickens,\u201d and depict cartoon chicken avatars in the same art style as the show. There are 10,420 NFTs in total, and holders are given benefits such as voting rights for certain aspects of the show and exclusive rewards, content and experiences. <\/p>\n While mainstream media outlets have recently captured attention by claiming that NFTs are “finally totally worthless,” a digital artist from rural Victoria, Australia has highlighted a key use-case for the tech; expanding the exposure of regional\/remote creatives.\u00a0 <\/p>\n Speaking with the ABC on Sept. 22, Warracknabeal-based artist Ben Fowler emphasized that tokenizing his art work enabled him to reach a global audience and help his career grow from home, without ever having to move cities like Melbourne that are almost four hours away. <\/p>\n “I listed my piece Astral Travel Sickness \u2026 that sold in a matter of like three days, and at the equivalent of 0.34 Ether which at the time was worth about $930,” he said, adding that: “Then I added another one and it sold, and another \u2026 people kept resonating and buying it and I started meeting new people and it just took off.”<\/p>\n “[It] definitely empowers people from regional places who won’t be able to get out to places like Melbourne to create a career for themselves […] Artists don’t make much money unless they’re at a really high level, but it empowers low-level artists and creatives to cash in on some of this and earn what they’re worth, and that’s a beautiful thing.”<\/p><\/blockquote>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-09\/5d9a60e2-7844-4552-98bf-c3107c322e73.png\")
<\/p>\nKrapopolis’ long awaited debut<\/h3>\n
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<\/p>\nNFTs help rural artists gain exposure<\/h3>\n
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