Among the many unusual facts about OpenAI, the buzzy startup behind the hugely popular chatbot ChatGPT, the most extraordinary may be that Sam Altman, its CEO and co-founder, doesn’t have any equity in it. He gave up the opportunity for a huge potential payday, he says, simply because he doesn’t need the money. But Altman,

Traditionally, stocks and mutual funds have been the primary financial products that retail investors put significant sums of money into. But as people increasingly look to diversify their portfolios with alternative asset classes, the art market has been attracting a great deal of attention among investors in recent years. Welcome in the world of alternative

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Gallery Network The blockchain-based platform tokenizes shares of fine art on the Ethereum blockchain. Artnet Gallery Network July 7, 2023 Courtesy of Freeport. While NFTs and NFT art have dominated headlines recently, a new form of art ownership and investment is gaining serious traction: tokenized fine art. But what’s the difference? With an NFT, or

In 2021, non-fungible tokens went mainstream in a big way as celebrities and the general public spent millions buying up and trading the digital collectibles. But today, prices for Bored Ape Yacht Club NFTs, one of the most popular collections, has crashed to a two-year low. Take one Bored Ape NFT owned by Justin Bieber,

Fractionalisation and tokenisation of art are all the rage. While the notion of unlocking the value in an artwork by selling shares in it has been around for over a decade, a slew of new initiatives is taking it to an explosive new level. Among the splashiest new launches is Artex Stock Exchange out of

NEW YORK, June 29, 2023 (Newswire.com) – Art represents an opportunity to diversify an investment portfolio, as well as hedge against inflation. According to the Artprice 100 Index, blue-chip art outperformed the S&P 500 Index by 22% in 2022. And, yes, acquiring a piece by blue chip artists such as Basquiat, Warhol, or Picasso will consume

Demand for fine wine is outstripping other investment assets — including watches, luxury handbags, and art — new research by WineCap shows, with investors buying into the category as an “inflation hedge”, Cru World Wine told db. New research from fine wine investment platform WineCap has revealed fine wine’s growing prevalence among high net worth

At this year’s Art Basel, discerning art lovers may have discovered, hidden amongst the hundreds of exhibitors, Raed Yassin’s Death Investment at Booth M8 or Lamia Joreige’s Sun & Sea at Kult Kino. An installation view of ‘Death Investment’ at Art Basel. Marfa’ Projects Yassin’s exhibition featured perfectly clean, mounted animal skulls with perfectly aligned,

Last updated: June 26, 2023 06:53 EDT | 6 min read For years, investing in art was something that was associated with the rich and wealthy. Today though, thanks to the emergence of NFTs, anyone with an internet connection and a web3 wallet can afford to buy art.  Read on to learn what NFT art