From sitting in his car crying before work every morning to becoming a successful digital artist, the story of Australian-based VR painter and sculptor Giant Swan is one of persistence, timing and pushing boundaries.
In a world where a digital artist can now monetize their work through NFTs as opposed to cheap likes and comments on Instagram, Giant Swan stands out from the pack, being the first artist to put a 3D object on-chain and for his truly unique and immersive pieces that have captured the attention of collectors all over the globe, including renowned whales such as j1mmy.eth, Moderats Art and Whale Shark.
“For me, crying in the car before work was a lot to do with knowing that you should be somewhere else. I knew I didn’t fit with what I was doing. To be where you suddenly belong, I think, is what every artist is probably striving for in some way,” Giant Swan says.
After minting his first NFT on Nov. 30, 2019, on Known Origin, Giant Swan caught the initial wave of interest in digital art. He credits the likes of David Moore from Known Origin for helping him take the plunge.
Dreamlike states
You can get lost viewing Giant Swan’s art; the depth of his work often needs to be seen to be believed. OG Crypto artist Josie Bellini described it thus:
“When I look at Giant Swan’s work, you can’t stop thinking, and you start to feel a certain way. I can see the blood, sweat and tears. I can see that he’s put his heart in his canvas and the way that every stroke he builds them in VR. They have so much depth and so much emotion to them.”
Giant Swan states, “A really simple goal of my art has always been that I want you to experience it and feel like you had a dream, or you have to describe it like you try to describe a dream.”
To create the art he does via VR, the Melbournian from Australia uses a PC VR headset and gaming rig, but said a basic Meta Quest VR headset could do the job for most people.
“I create art by turning my movement into shapes and color. I do that by wearing a virtual reality headset that places me into an empty void. There’s no roof, there’s no floor, there’s no walls; it’s just endless. That movement can be filled with an endless amount of material shapes, color, density, size, and scale. I feel that until I have a space that I’m happy with,” Giant Swan says.
Generations by Giant Swan (Known Origin)
“From there, I explore that space to see how I can capture a story and share that with other people. I like to make art this way because traditionally, we look at computers of digital art and we judge it by its perfection.”
“It’s the pursuit of perfection we’re hiding or imitating how we look at the world until it’s digital or not. VR art lets us explore imperfection, and in that, it enables a very digital art medium to become one of the most organic digital art forms available. I’d be surprised if you could find someone else who does what I do now.”
Notable sales
Anomaly272 by Giant Swan sold for 15 ETH ($41,423) (SuperRare) Nocturnal by Giant Swan (SuperRare) The Soul of the void by Giant Swan sold for 14.3 ETH ($28,502). (SuperRare)
Rapid-fire Q&A
How would you describe your style as an artist?
“I’d like to think that it’s a balanced emotional take on surrealism in art. Really thrash, almost impressionistic kind of take on 3D art. I love to hit gothic notes and symbolism. I like drawing from a lot of things, but I wouldn’t know how to name it. That’s why it’s Giant Swan style. That’s why people can pick me out in the crowd because you can’t put it in a bin.”
Who are the influences on your art career to date?
“I’ve got lots of influences, but to name a few. Ashley Wood worked on Tank Girl, which is a loose inky comic book style. Also Jamie Hewlett, who does all the imagery behind The Gorillaz and Tank Girl.
“The Gorillaz were an influence on me in that you used to get their CDs and to get all the extra stuff out of it. You had to put it into your PC but they never said that; you just put the CD in, and you’d explore and find all the cool stuff. It was an experience. That really informs how I see my work. Now I want my work to be experienced.”
Is there an up-and-coming artist/s you think people should be paying attention to?
“There’s a Melbourne artist named Mysterious Al. He is a muralist that you’ll probably recognize the moment you Google him. He’s an incredible artist.”
Who is a notable collector of yours that makes you smile knowing they own one of your pieces?
“When I think of people like Pranksy, j1mmy.eth, Josie, Whale Shark, Moderats Art and Deej, it brings a smile. These are all big whales, but they are also entrepreneurs and extremely successful people. They all saw that in me before my works became really expensive.”
What’s your favorite NFT in your wallet that’s not your own NFT?
“My favorite NFT in my wallet is a pair of shoes for Cryptovoxels that n0shot made. It was so early in the crypto art culture we’d all meet up in Cryptovoxels. That was probably the first time sneaker culture really kind of teased its way into the space.”
What’s hot elsewhere in NFT art markets
Notable recent sales from Tyler Hobbs include an Incomplete Control and Fidenza that was sold via Sotheby’s and a pipe Chromie Squiggle that collector DGMD picked up.
Fidenza #943 by Tyler Hobbs sold for $190,500 by Sotheby’s as part of 3AC Grails Sale. (Sotheby’s)Chromie Squiggle #1552 by Snowfro sold for 28 WETH ($47,000). (OpenSea) Incomplete Control #81 by Tyler Hobbs sold for 35 ETH ($58,988). (OpenSea)
OpenSea in royalty race to the bottom
For the majority of 2023, amid a bloodbath for NFT collection prices, the creator royalties discussion has felt like a race to the bottom and OpenSea all but confirmed this with their announcements the marketplace will move to optional creator royalties on secondary sales.
This unpopular decision probably doesn’t come as a surprise, however, with Blur marketplace continuing to dominate market share.
From Aug. 31, OpenSea will sunset the filter it introduced in November 2022 as a response to Blur and other marketplaces allowing collectors and traders to bypass creator royalties. At the height of NFT mania, the issue was heralded as the big game changer in an emerging new creator economy.
OpenSea announcement on royalties (X)
The technology remains the same, but when the market was booming — for most of 2020 through 2022 — paying out creator royalties along with OpenSea’s 2.5% marketplace fee was rarely questioned.
OpenSea CEO and co-founder Devin Finzer said:
“In November 2022, we launched the Operator Filter: a tool designed to give creators more control by restricting the sale of their collections to Web3 marketplaces that enforce creator fees in secondary sales. It was meant to empower creators with greater control over their Web3 business models, but it required the buy-in of everyone in the Web3 ecosystem, and unfortunately that has not happened. So we’re making a few changes to our approach to creator fees.”
There doesn’t seem to be any great solution to be able to enforce royalties without compromising on true decentralized asset ownership, with many having their two cents on the matter, including OpenSea VC backer Mark Cuban, artists Matt Kane and Beeple and NFT influencer Wale Swoosh.
Not collecting and paying royalties on NFT sales is a HUGE mistake by @opensea. It diminished trust in the platform and hurts the industry. And I say this as an @opensea investor @DevinFinzer
Arguably one of the most influential voices also had its say on the OpenSea announcement, with Yuga Labs — the creators of Bored Ape Yacht Club and the owners of CryptoPunks, Otherside, Meebits and many other collections — coming out strongly against OpenSea’s decision.
The statement from CEO Daniel Alegre already has most of the NFT community speculating that a Yuga marketplace will launch as part of the response.
Yuga statement on OpenSea royalties (X)
13-year-old helping disadvantaged kids with Blueberry DAO x Nouns DAO
Evie-Rose – recipient of a new bike with Lilpurpberry. (Variety)
In a heartwarming pocket of the NFT landscape, 13-year-old Lilpurpberry from Brisbane has embarked on a philanthropic initiative in collaboration with Variety children’s charity.
Blueberry DAO, backed by funding from Nouns DAO, was created by Lilpurpberry to build a treasury, including sales of Lilpurpberry’s NFT pixel art. The treasury is to support local children’s charities, and Variety was the first recipient, with funds being channeled to the “Bikes for Kids” program, which delivers brand new bikes and helmets to kids experiencing disadvantage who would otherwise miss out.
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Greg Oakford
Greg Oakford is the co-founder of NFT Fest Australia. A former marketing and communications specialist in the sports world, Greg now focuses his time on running events, creating content and consulting in web3. He is an avid NFT collector and hosts a weekly podcast covering all things NFTs.
Satoshi Nakamoto, the pseudonymous creator of Bitcoin, marks their 50th birthday amid a year of rising institutional and geopolitical adoption of the world’s first cryptocurrency.
The identity of Nakamoto remains one of the biggest mysteries in crypto, with speculation ranging from cryptographers like Adam Back and Nick Szabo to broader theories involving government intelligence agencies.
While Nakamoto’s identity remains anonymous, the Bitcoin (BTC) creator is believed to have turned 50 on April 5 based on details shared in the past.
According to archived data from his P2P Foundation profile, Nakamoto once claimed to be a 37-year-old man living in Japan and listed his birthdate as April 5, 1975.
Nakamoto’s anonymity has played a vital role in maintaining the decentralized nature of the Bitcoin network, which has no central authority or leadership.
The Bitcoin wallet associated with Nakamoto, which holds over 1 million BTC, has laid dormant for more than 16 years despite BTC rising from $0 to an all-time high above $109,000 in January.
Satoshi Nakamoto statue in Lugano, Switzerland. Source: Cointelegraph
Nakamoto’s 50th birthday comes nearly a month after US President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, marking the first major step toward integrating Bitcoin into the US financial system.
Nakamoto’s legacy: a “cornerstone of economic sovereignty”
“At 50, Nakamoto’s legacy is no longer just code; it’s a cornerstone of economic sovereignty,” according to Anndy Lian, author and intergovernmental blockchain expert.
“Bitcoin’s reserve status signals trust in its scarcity and resilience,” Lian told Cointelegraph, adding:
“What’s fascinating is the timing. Fifty feels symbolic — half a century of life, mirrored by Bitcoin’s journey from a white paper to a trillion-dollar asset. Nakamoto’s vision of trustless, peer-to-peer money has outgrown its cypherpunk roots, entering the halls of power.”
However, lingering questions about Nakamoto remain unanswered, including whether they still hold the keys to their wallet, which is “a fortune now tied to US policy,” Lian said.
In February, Arkham Intelligence published findings that attribute 1.096 million BTC — then valued at more than $108 billion — to Nakamoto. That would place him above Microsoft co-founder Bill Gates on the global wealth rankings, according to data shared by Coinbase director Conor Grogan.
If accurate, this would make Nakamoto the world’s 16th richest person.
Despite the growing interest in Nakamoto’s identity and holdings, his early decision to remain anonymous and inactive has helped preserve Bitcoin’s decentralized ethos — a principle that continues to define the cryptocurrency to this day.
The United States stock market lost more in value over the April 4 trading day than the entire cryptocurrency market is worth, as fears over US President Donald Trump’s tariffs continue to ramp up.
On April 4, the US stock market lost $3.25 trillion — around $570 billion more than the entire crypto market’s $2.68 trillion valuation at the time of publication.
Nasdaq 100 is now “in a bear market”
Among the Magnificent-7 stocks, Tesla (TSLA) led the losses on the day with a 10.42% drop, followed by Nvidia (NVDA) down 7.36% and Apple (AAPL) falling 7.29%, according to TradingView data.
The significant decline across the board signals that the Nasdaq 100 is now “in a bear market” after falling 6% across the trading day, trading resource account The Kobeissi Letter said in an April 4 X post. This is the largest daily decline since March 16, 2020.
“US stocks have now erased a massive -$11 TRILLION since February 19 with recession odds ABOVE 60%,” it added. The Kobessi Letter said Trump’s April 2 tariff announcement was “historic” and if the tariffs continue, a recession will be “impossible to avoid.”
Even some crypto skeptics have pointed out the contrast between Bitcoin’s performance and the US stock market during the recent period of macro uncertainty.
Stock market commentator Dividend Hero told his 203,200 X followers that he has “hated on Bitcoin in the past, but seeing it not tank while the stock market does is very interesting to me.”
Meanwhile, technical trader Urkel said Bitcoin “doesn’t appear to care one bit about tariff wars and markets tanking.” Bitcoin is trading at $83,749 at the time of publication, down 0.16% over the past seven days, according to CoinMarketCap data.