• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Australian Indigenous Yolngu Artists Are Entering The NFT Space 

March 22, 2022
in Australian Crypto News
Reading Time: 3min read
0 0
A A
0
Australian Indigenous Yolngu Artists Are Entering The NFT Space 
0
SHARES
12
VIEWS
ShareShareShareShareShare

Indigenous Australian artists are digitising their work as non-fungible tokens (NFTs) to create a new stream of income and share their art on a global marketplace.

Artists from the Yolngu nation in the secluded East Arnhem Land of northern Australia are world-renowned for their drawings connected to nature. For the first time, these artists are venturing into the crypto space by minting their artworks as NFTs.

According to Chainalysis, US$44.2 billion worth of cryptocurrency was sent to ERC-721 and ERC-1155 contracts in 2021 – the typical NFT standards on Solana and Ethereum – and these Australian artists will be accessing a piece of the pie. Blockchain technology will also aid with the copyright of artworks from their community as well as create a new stream of income for local artists.

Preserving Indigenous Art and Culture with Blockchain

The project is being funded by venture capitalist Mark Carnegie and artists from the Buku-Larrnggay Mulka art centre in Yirrkala who will be creating NFTs. The bark paintings of one of the artists, Wukun Wanambi, have been sold all over the world. “I like to try new things, a new way of sharing art to the world,” says Wanambi, whose digitised artworks now being sold online.

Yolngu artist Ishmael Marika. Source: abc.net.au

These works can also be digitally stored and preserved for future generations to appreciate. One of the goals of the project, according to Joseph Brady, the art centre’s Mulka Project director, is to buy more physical work so it can remain in the Yolngu community.

If enough of these are sold, Mulka’s portion of that will go to buying that piece for the museum here […] So the work will stay here at the museum within the community.

Joseph Brady, director, Mulka Project

Sharing Culture

Ishmael Marika, one of the younger accomplished Yolngu artists, hopes that digitising his art will help protect it against forgery and become an asset he can monetise. “We want more of my clan and our tribes to show themselves to the world, so the world can see [us] and carry on our stories,” Marika says.

What is the Yolngu Art Culture? 

The art the Yolngu make represents their clan and all of nature. It is a unique part of their culture, which is why these artists are opting for NFTs. The use case for NFTs as a method to preserve indigenous art and knowledge over a decentralised network makes it a resilient method to keep safe the world’s cultural information.

The designs used by Yolngu artists, whether on paper, bark, ḻarrakitj (hollow logs), or on the body in ceremonial mode, reflect each artist’s clan and country. They are an expression of connection to family, country and to the Wangarr, or period of ancestral creativity. To learn more about the Yolngu art practice, click here.

Last month, the Aboriginal Yidindji Nation launched its own central bank digital currency (CBDC), making it the first indigenous nation on the Australian continent to become fully digitised.

Share this article

Join in the conversation on this article’s Twitter thread.

Disclaimer:
The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.


Credit: Source link

ShareTweetSendPinShare
Previous Post

$1 Million Valued Clipart Rock NFT Sells For Less Than A Cent

Next Post

Australian Consumer Watchdog Sues Meta Over Crypto Scam Ads

Next Post

Time Magazine Releases First Ever NFT Magazine Issue, Featuring Vitalik Buterin

You might also like

Bitcoin Addresses Holding Between 100 and 10,000 BTC Hit a 7-Week High

VeChain Founder Sunny Lu Reveals $300 Scam That Sparked VET Creation

March 9, 2026
China’s DeepSeek AI Predicts the Price of XRP, Bitcoin and Ethereum by The End of 2026

China’s DeepSeek AI Predicts the Price of XRP, Bitcoin and Ethereum by The End of 2026

March 11, 2026
Bitcoin Price Shows ‘Signs of Improvement’ as Iran Conflict Fears Ease

Bitcoin Price Shows ‘Signs of Improvement’ as Iran Conflict Fears Ease

March 10, 2026
Michael Saylor’s Strategy Acquires $1,280,000,000 in Bitcoin, Tom Lee’s Bitmine Buys $122,000,000 in Ethereum

Michael Saylor’s Strategy Acquires $1,280,000,000 in Bitcoin, Tom Lee’s Bitmine Buys $122,000,000 in Ethereum

March 10, 2026
Bitcoin Price Breakdown Risk Grows As Bears Aim For $85K

Bitcoin Price Sinks Below $68K, Downside Targets Come Into Focus

March 9, 2026
Influencing CAKE,DYDX and LAZIO, Binance Announces Removal of Spot Trading Pairs

Binance Wins Second Anti-Terrorism Lawsuit Dismissal in Two Weeks

March 12, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Why The XRP Price Might Crash To $0.87 Before The Bear Market Ends

Why The XRP Price Might Crash To $0.87 Before The Bear Market Ends

March 14, 2026
Solana Key Indicator Flashes First Bullish Signal Since January – Market Rebound Incoming?

Solana Key Indicator Flashes First Bullish Signal Since January – Market Rebound Incoming?

March 14, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.