The Avalanche Foundation has announced the launch of Avaissance, an initiative designed to support digital artists and boost the growth of the Avalanche non-fungible token (NFT) ecosystem. It has two main components: an Artist in Resident program (AIR) for over 50 artists, and the Mona Lisa Initiative (MLI) to curate digital art and expand the collections of art-focused decentralized autonomous organizations (DAOs). Ticketmaster has announced a new feature token gated ticket sales, allowing artists to reward NFT holders with exclusive benefits. Popular NFT artist Patrick Amadon withdrew his work from the Sotheby's Natively Digital: Glitch-ism sale to protest a lack of female representation, and Sotheby's paused the sale to address the imbalance. Beeple has revealed his new 50,000-square-foot studio in South Carolina. An NFT from the CryptoPunks collection was accidentally burned by an investor attempting the process of NFT wrapping. Sony Interactive Entertainment, the video gaming giant behind the PlayStation brand, recently filed a patent for an NFT framework for transferring and using digital assets between game platforms.

(By CIARAN LYONS)