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Illustration: Eniola Odetunde/Axios

The first-ever NFT was minted by artist Kevin McCoy in 2014 — you can see his presentation with technologist Anil Dash here.

Why it matters: While NFTs are regularly talked about as "digital art," few if any of them have much in the way of serious art world credentials.

  • McCoy is an exception. With his wife Jennifer, he has established himself over many years as a first-rate digital artist. One of their works is on display now at the Metropolitan Museum of Art.
  • "The NFT phenomenon is deeply a part of the art world," says McCoy. "It emerged from the long history of artists engaging with creative technology."

The first NFT, "Quantum," which can be found here, has the kind of historical importance that is sometimes ascribed to CryptoPunks; it's therefore of interest to crypto investors and other NFT-collecting technologists.

  • The McCoys' work has historically been collected by art collectors, however — the kind of people who deal in genteel transactions with a gallery, rather than entering into public bidding wars.

"Quantum" is for sale, and if rare CryptoPunks can give any indication as to its value, it could fetch $7 million or more. What's not clear is exactly how it will be sold. Says Tamas Banovich, McCoy's gallerist at Postmasters gallery in New York: "We are trying to figure out which world is appropriate."

Go deeper

Dion Rabouin, author of Markets
Mar 25, 2021 - Economy & Business

Ja Rule sells Fyre Festival painting as NFT for $122,000

A portrait of the Fyre Media logo held by rapper Ja Rule sold at auction for $122,000 through the rapper’s NFT venture Flipkick painting, Ja Rule said on Twitter.

Why it matters: Because markets are efficient.

Bryan Walsh, author of Future
1 hour ago - Technology

Meet your doctor's AI assistant

Illustration: Annelise Capossela/Axios

Artificial intelligence is breaking into the doctor's office, with new models that can transcribe, analyze and even offer predictions based on written notes and conversations between physicians and their patients.

Why it matters: AI models can increasingly be trained on what we tell our doctors, now that they're starting to understand our written notes and even our conversations. That will open up new possibilities for care — and new concerns about privacy.

What we know about the victims of the Indianapolis mass shooting

Officials load a body into a vehicle at the site of the mass shooting in Indianapolis. Photo:

Eight people who were killed along with several others who were injured in a Thursday evening shooting at a FedEx facility in Indianapolis have been identified by local law enforcement.

The big picture: The Sikh Coalition said at least four of the eight victims were members of the Indianapolis Sikh community.