Bybit And Digital Artist Per Kristian Stoveland Sell Out Exclusive Collection, Open Edition Sales Ongoing

Bybit And Digital Artist Per Kristian Stoveland Sell Out Exclusive Collection, Open Edition Sales Ongoing

DUBAI, UNITED ARAB EMIRATES – 22 September 2023 – Bybit, the world’s third most visited crypto exchange, have released their second digital art drop as part of their partnership with Oracle Red Bull Racing. The limited-edition collection of 200 NFTs were sold via Dutch auction on Sept. 20, and sold out within one hour for a total of 74.5 ETH ($168,434).

The collection: “Pursuit” by Per Kristian Stoveland, launched in conjunction with the Japan Grand Prix,and holders of the original Velocity Pass NFT had exclusive access to the auction. In the 24 hours since launch “Pursuit” has racked up over 106ETH ($113,433) in secondary sales. Sales of Per Kristian Stoveland’s open edition collection “Echo of Intensity” are ongoing on Bybit.

Per Kristian Stoveland, who designed the collection, is a generative artist hailing from Oslo, Norway. “Pursuit” is the second release as part of the Velocity Series, a revolutionary Web3 experience that brings together the talents of the world’s premier digital artists.

Drawing on his mastery of generative art and his innovative use of p5js, a creative coding framework, Per K’s collection encapsulates the raw power and velocity of Oracle Red Bull Racing’s RB19 race car. The collection is a symphony of light streaks that tear through desolate landscapes, igniting a captivating dance of dust. As part of the Velocity Series, “Pursuit” is curated in collaboration with AOI, a foundation for emerging art and technology.

“Bybit and Oracle Red Bull Racing are proud to pioneer the future of art and technology through the Velocity Series,” said Anndy Lian, head of partnerships at Bybit. “This collaboration transcends traditional boundaries, ushering in a new era where speed, creativity, and digital art harmoniously intersect.”

The Velocity Series showcases the intersection of cutting-edge innovation and creative expression, offering art enthusiasts, collectors, and racing fans the chance to engage with this fusion of art and racing data.

Hashtag: #Bybit #VelocitySeries #RedbullRacing #BlockchainArt

The issuer is solely responsible for the content of this announcement.

 

Bybit

Bybit is a top-five cryptocurrency exchange established in 2018 that offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

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Source: https://www.moneyfm893.sg/media-outreach/bybit-and-digital-artist-per-kristian-stoveland-sell-out-exclusive-collection-open-edition-sales-ongoing-12942/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Bybit and Digital Artist Per Kristian Stoveland Sell Out Exclusive Collection, Open Edition Sales Ongoing

Bybit and Digital Artist Per Kristian Stoveland Sell Out Exclusive Collection, Open Edition Sales Ongoing

Bybit, the world’s third most visited crypto exchange, have released their second digital art drop as part of their partnership with Oracle Red Bull Racing. The limited-edition collection of 200 NFTs were sold via Dutch auction on Sept. 20, and sold out within one hour for a total of 74.5 ETH ($168,434).

The collection: “Pursuit” by Per Kristian Stoveland, launched in conjunction with the Japan Grand Prix,and holders of the original Velocity Pass NFT had exclusive access to the auction. In the 24 hours since launch “Pursuit” has racked up over 106ETH ($113,433) in secondary sales. Sales of Per Kristian Stoveland’s open edition collection “Echo of Intensity” are ongoing on Bybit.

Per Kristian Stoveland, who designed the collection, is a generative artist hailing from Oslo, Norway. “Pursuit” is the second release as part of the Velocity Series, a revolutionary Web3 experience that brings together the talents of the world’s premier digital artists.

Drawing on his mastery of generative art and his innovative use of p5js, a creative coding framework, Per K’s collection encapsulates the raw power and velocity of Oracle Red Bull Racing’s RB19 race car. The collection is a symphony of light streaks that tear through desolate landscapes, igniting a captivating dance of dust. As part of the Velocity Series, “Pursuit” is curated in collaboration with AOI, a foundation for emerging art and technology.

“Bybit and Oracle Red Bull Racing are proud to pioneer the future of art and technology through the Velocity Series,” said Anndy Lian, head of partnerships at Bybit. “This collaboration transcends traditional boundaries, ushering in a new era where speed, creativity, and digital art harmoniously intersect.”

The Velocity Series showcases the intersection of cutting-edge innovation and creative expression, offering art enthusiasts, collectors, and racing fans the chance to engage with this fusion of art and racing data.

Bybit is a top-five cryptocurrency exchange established in 2018 that offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

 

Source: https://finance.yahoo.com/news/bybit-digital-artist-per-kristian-100000685.html

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Will NFT Sales Surge because of Ethereum Merge?

Will NFT Sales Surge because of Ethereum Merge?

Ethereum got its long-awaited upgrade. After years of planning, development, and delays, the world’s second-largest coin by market capitalization has moved to proof-of-stake. The Merge is up and running, yet the price is still down but NFT sales went up after months of downtimes.

Sales volume and prices of NFTs have surged, according to crypto Footprint Analytics, a crypto big data company. Before the merge, Bored Ape’s sales were up by more than 45% from a week before. They have transacted one of the NFTs at 130 ETH, which was around $230,911.25 at the time. After Merge, they made around $7 million in sales. While CryptoPunks had 25% more than its previous week. Doodles, an NFT collection had more than a 1,200% jump in sales after it secured a $54 million funding round led by Reddit founder Alexis Ohanian’s venture capital firm, Seven Seven Six.

Four seconds after the Ethereum Merge, the first transaction of an NFT created using the proof-of-stake (PoS) consensus was approved. Block 15537393’s timestamp for the Merge was 6:42 AM UTC on Thursday. A user promptly purchased an NFT at block 15537394 with 36.8 ether (ETH), or $53,403 at the time.

For now, the increase in demand for NFTs is a bright spot for the industry. The communities who are watching the NFT market closely also pointed out that there is a chance for the 5th month of continuous dive in the overall NFT market. Others who do not know what will the merge bring to the table were hoping that the transaction fees would be lower and will bring in more sales and liquidity.
Anndy Lian, best-selling book author “NFT: From Zero to Hero” commented: “Users will need to wait for the Surge, Verge, Purge, and Splurge improvements to see a reduction in transaction costs and boost scalability significantly. Low transaction costs are crucial because large costs make many NFT use cases unfeasible, particularly in the gaming and metaverse industries. Numerous NFT gaming weapons, avatars, and skins will probably trade for relatively little money, therefore for them to be profitable, transaction times must be quick and costs must be cheap.”

Lian added that the current cycle looks speculative as the spike effects only happened to a few projects and not all. Whether the prices of existing NFTs would come back is still unclear.

Suppose the legitimacy of both the PoS and PoW chains is recognized by major players in the NFT ecosystem. In that case, the split EthereumPoW chain may dilute the value of existing NFT collections owing to increased supply. This would also create a tangled scenario in terms of intellectual property and commercial rights, perhaps leading to huge disputes amongst NFT owners.

Eventually, the market will determine which NFT assets are valued based on liquidity and community acceptability. Investors and traders may want to wait till the dust settles before making any decisions about their Ether and NFT holdings.

 

Source: https://www.benzinga.com/22/09/28917641/will-nft-sales-surge-because-of-ethereum-merge

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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