If there’s ever been an artist suited for the digital renaissance of putting art on the blockchain, it would be Matt Kane — a traditional artist who transitioned into digital art by writing his own software and pushing boundaries impossible in the physical art world.
Kane is most known for his collection “Gazers,” which launched in December 2021 and is considered by many to be an OG among generative artists. He recently released his collection Anons, which is centered around understanding identity through art and immortalizing true anons from yesteryear.
Kane spent a chunk of his career as a software developer but was always experimental with different artistic mediums, including physical canvas. However, the limitations of the physical art world made the American ponder whether digital art could remove many of the barriers to better his vision for creating art.
“In my 20s and 30s, I was really trying to find what the right medium for my voice was. I’ve spent a lot of time experimenting with canvas and fabric because I was really interested in pattern. But I realized it’s not the medium that matters — it’s my vision. It’s how I get my vision and my mind out into the world,” Kane tells Magazine.
“Within that realization, I knew I had to learn to code because there’s so many physical limitations to traditional art. Code circumvents the limitations of our physical bodies and time. It allows us to manifest our visions, and so it’s become the perfect medium for me.”
Anon #3 by Matt Kane (anons.art)
Kane had heard about NFTs a week before CryptoPunks launched in June 2017 through a Quora article, but he remained an observer while he continued to create and tinker with digital art, a medium that had captured his deep curiosity as early as 18.
“When I read this [Quora] article, and it talked about NFTs — I understood from years before what Bitcoin was and the blockchain — it just all snapped, and I remember thinking, this is what I’m looking for. It’s going to allow me to sell digital work, and prints can be optional. What I’ll be creating are actually paintings as databases, and this is going to be the way that I’m going to be able to do that. To transmit files and ownership of the artwork,” says Kane.
Despite being introduced to the concept of digital art provenance via NFTs in 2017, it wasn’t until May 2019 that Kane minted his first NFT, M87 Black Hole Deconstruction, on SuperRare.
M87 Black Hole Deconstruction #6 by Matt Kane (SuperRare)
“I watched the space develop just before Punks and looked on. I was Googling blockchain galleries, and there were none. That was the paradigm I was in at the time. I thought I needed to find a gallery to represent me on the blockchain. Now I’m very much about self-representation and cutting out the middleman, but back then, I was still in that paradigm,” Kane says.
“In 2018, I watched places like Dada, SuperRare and KnownOrigin come out in the summer of 2018. I continued to watch for another six to 12 months and then decided to pull the trigger,” he adds.
Lost in code dealing with personal tragedy
Kane’s journey to digital artist stardom has been bittersweet, however, as he lost a close friend to suicide while on the way to visit her in 2013. This left the then 32-year-old devastated and even, at one point, contending with some of his own suicidal thoughts.
“During that time, I had left my life in Seattle trying to find something new and was already in an upheaval. Then losing her — it really threw me quite into an abyss. I was on the road and about a week away from seeing her. It made me wonder, what if I had visited her earlier? It was really devastating,” Kane shares.
“I ended up in Texas and just making really destructive decisions. I caught myself in a moment of my own suicidal ideations and realized I was in a really bad place.”
“The next day, I bought a train ticket to LA to go visit my friend out there, and I think I stayed out there for a month. It was out there that I kind of just took some breaths, and I assessed my life and where I was. I was looking into my future and understanding how devastated I was and understanding my desire to rejoin society, my desire to get on with my life. I had years in front of me that were going to be wasted, and so I decided I’m going to just start coding.”
“One of Us” Variation 1 (Vimeo)
Kane used coding as a way to distract his mind from the painful emotional baggage he was dealing with.
“It was math, and it was distracting my brain. I couldn’t think about emotions or how I was depressed. It was like I needed to figure out how to use sine and cosine to make this brush. It was really about building a tool of expression for the future when it would be safe to express myself again,” says Kane.
Had it not been for the tragedy of losing a loved one, Kane, in his own words, says he may not have pursued the artistic path he is now so well known for.
“It’s one of those things where it’s like I’ve had a lot of conflicts coming into success the last few years because I understand that had I not lost her, I never would have committed myself to digital art the way that I have. And that’s difficult because I would trade all the success to have her back in the world, but things can’t change.”
Personal style
Much of Kane’s work shows an immaculate use of color and reflects his sense of history and time.
“I think my hope is that my art marks time, especially with Gazers. It’s not necessarily any emotion that I’m trying to imply. I think we all bring our own experiences, and if an image pattern or whatever I’m doing in my art is really resonating with me in a strong way, I’ve always believed that it’s really going to resonate strongly with others.”
Gazers #25 by Matt Kane (OpenSea)
Gazers inspired by cavemen
While often cliche, NFTs are still incredibly new. Kane has stated that we’re in “prehistoric times for NFTs,” and the inspiration for Gazers is connected to the caveman days.
Leaning on his passion and ability to work with color, Gazers is a 1,000-piece collection with the moon as its centerpiece and acts as somewhat of a lunar calendar for the blockchain.
“People on Twitter were talking about how we’re in the caveman days of NFTs. What struck me about that was — it made one of these constellation connections for me. I knew that our caveman ancestors recorded phase calendars on antler bones, […] and they would use that to understand when to go, timewise, to attack a mammoth and whatnot,” Kane says.
The project’s website describes it as “algorithmically synching closely with moon phases in the sky, joining the blockchain with one of humanity’s longest running lineages in art. Gazers seeks to create a community of collectors celebrating the change of our perceptions that happen over time, our collective goals in crypto, and our love of color theory, astronomy, and generative art.”
Gazers #137 by Matt Kane (OpenSea)Gazers #126 by Matt Kane (OpenSea)Gazers #77 by Matt Kane (OpenSea)
Launched in December 2021 with Art Blocks Curated, Gazers has done over 8,800 ETH in secondary sales on OpenSea and still commands a 12.6 ETH floor despite being in the depth of an NFT bear market. Gazers are dynamic and have rules built into them. While possessing different rules, similarities can be drawn to 0xDEAFBEEF’s “Entropy,” which has a rule built in that when the NFT is traded, it degrades in quality.
“The way that each Gazer forms is it creates a color theory about it. It has different rules, so each month, different rules are formed that basically designate the color of your moon and sky. The frame around it stays the same, but the sky and the moon change. Then on the website, we track the lunations, so we have little previews to go back in history,” Kane explains.
“The moon phase changes over time, and some of the gazers are clocks — they’re all clocks. But some of them can also track minutes and hours, and those are really beautiful compositions because they play with the moon phases in a multilayered way.”
“I was really thinking about the future of art when I made Gazers. It accelerates over time. It speeds up one frame per second on average in each artwork every year.”
CryptoArt Monetization Generation: Sold for 320 ETH ($1.24 million equivalent on date of sale) on Oct. 18, 2021. (SuperRare)Surfacing Water Lilies IV: Sold for 110 ETH ($179,520 equivalent on date of sale) on Jan. 24, 2023. (SuperRare)Gazers #550: Sold for 46.5 ETH ($72,131 equivalent on date of sale) on Jan. 18, 2023. (OpenSea)
Rapid-fire Q&A
Influences
“I’m very eclectic, so it’s very strange, but Andy Kaufman [entertainer] is one. I got interested in comedy first, and Andy Kaufman is the comedian who made me understand that comedy is actually an art. It actually made me pivot from comedy to fine art. I also get around Mark Rothko [American abstract painter]. I really love his work and what he did in terms of layering, making these really thin layers of color. I was studying his work in my early twenties, and I’m still living off of that education that I learned.”
“Also artists like JOY [John Orion Young] and Josie Bellini. When I came into this, they were very self-representing. They weren’t using middlemen. They haven’t used middlemen as much in their careers on the blockchain, and I always admire that. Plus, they are fantastic artists in their own right. I like that principle, so releasing Anons on my own contract was a big deal because I felt like I’m joining you guys now, kicking the middleman out.”
Which hot NFT artists should we be paying attention to?
AwfulEye: “He’s legally blind in one eye, but he’s still painting with an iPad. I think he gets really close up. Recently, he’s been creating some code projects with the help of artificial intelligence. I find it incredible that you have an artist with a visual impairment using AI to help you manifest your vision. To me, it’s one of the reasons that we have AI, to benefit humanity.
Panter Xhita: “I’ve really been a big proponent of Panter. She’s Argentine and a surrealist. She’s fantastic.”
“I think that I’m so centered on the community. They all still make me smile. It’s the ones who are in Discord or on X [formerly Twitter] who give an update on what they’re thinking and feeling. They’re ever present in my life.”
Who do you listen to when creating art?
“Italian disco. Plus Giorgio Moroder. This playlist is what I’ve been listening to whilst creating Anons.”
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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.
Former US Securities and Exchange Commission Chair Gary Gensler renewed his warning to investors about the risks of cryptocurrencies, calling most of the market “highly speculative” in a new Bloomberg interview on Tuesday.
He carved out Bitcoin (BTC) as comparatively closer to a commodity while stressing that most tokens don’t offer “a dividend” or “usual returns.”
Gensler framed the current market backdrop as a reckoning consistent with warnings he made while in office that the global public’s fascination with cryptocurrencies doesn’t equate to fundamentals.
“All the thousands of other tokens, not the stablecoins that are backed by US dollars, but all the thousands of other tokens, you have to ask yourself, what are the fundamentals? What’s underlying it… The investing public just needs to be aware of those risks,” he said.
Gensler’s record and industry backlash
Gensler led the SEC from April 17, 2021, to Jan. 20, 2025, overseeing an aggressive enforcement agenda that included lawsuits against major crypto intermediaries and the view that many tokens are unregistered securities.
The industry winced at high‑profile actions against exchanges and staking programs, as well as the posture that most token issuers fell afoul of registration rules.
Gary Gensler labels crypto as “highly speculative.” Source: Bloomberg
Under Gensler’s tenure, Coinbase was sued by the SEC for operating as an unregistered exchange, broker and clearing agency, and for offering an unregistered staking-as-a-service program. Kraken was also forced to shut its US staking program and pay a $30 million penalty.
The politicization of crypto
Pushed on the politicization of crypto, including references to the Trump family’s crypto involvement by the Bloomberg interviewer, the former chair rejected the framing.
“No, I don’t think so,” he said, arguing it’s more about capital markets fairness and “commonsense rules of the road,” than a “Democrat versus Republican thing.”
He added: “When you buy and sell a stock or a bond, you want to get various information,” and “the same treatment as the big investors.” That’s the fairness underpinning US capital markets.
On ETFs, Gensler said finance “ever since antiquity… goes toward centralization,” so it’s unsurprising that an ecosystem born decentralized has become “more integrated and more centralized.”
He noted that investors can already express themselves in gold and silver through exchange‑traded funds, and that during his tenure, the first US Bitcoin futures ETFs were approved, tying parts of crypto’s plumbing more closely to traditional markets.
Gensler’s latest comments draw a familiar line: Bitcoin sits in a different bucket, while most other tokens remain, in his view, speculative and light on fundamentals.
Even out of office, his framing will echo through courts, compliance desks and allocation committees weighing BTC’s status against persistent regulatory caution of altcoins.
New figures reveal a 70% year-on-year increase in Cayman Islands foundation company registrations, with more than 1,300 on the books at the end of 2024, and over 400 new registrations already in 2025.
According to a news release from Cayman Finance, many of the world’s largest Web3 projects are now registered in the Cayman Islands, including at least 17 foundation companies with treasuries over $100 million.
Why DAOs are choosing Cayman
The Cayman foundation company has emerged as a preferred tool for DAOs that need to sign contracts, hire contributors, hold IP and interact with regulators, all while shielding tokenholders from personal liability for the DAO’s obligations.
The legal wake‑up call for many communities came in 2024 with Samuels v. Lido DAO, in which a US federal judge found that an unwrapped DAO could be treated as a general partnership under California law, exposing participants to personal liability.
The Cayman foundation company is designed to plug that gap, offering a separate legal personality and the ability to own assets and sign agreements, while giving tokenholders assurance that they are not partners by default.
Rise in Cayman Islands foundation company registrations | Source: Cayman Finance
Add tax neutrality, a legal framework familiar to institutional allocators and an ecosystem of companies that specialize in Web3 treasuries, and it becomes clear why more projects have quietly redomiciled their foundations to Grand Cayman.
Elsewhere, policymakers have made big promises but delivered patchwork. US President Donald Trump has repeatedly pledged to turn the United States into the “crypto capital of the planet,” but at the entity level, only a handful of states explicitly recognize DAOs as legal persons.
Switzerland remains the archetypal onshore Web3 foundation center, with the Crypto Valley region now hosting over 1,700 active blockchain firms, up more than 130% since 2020, with foundations and associations representing a growing share of new structures.
The surge in Web3 foundations coincides with a shift in Cayman’s own regulatory posture — the arrival of the Organisation for Economic Co-operation and Development’s Crypto‑Asset Reporting Framework (CARF), which the Cayman Islands has now implemented via new Tax Information Authority regulations that take effect from Jan. 1, 2026.
CARF will impose due diligence and reporting duties on Cayman “Reporting Crypto‑Asset Service Providers” (entities that exchange crypto for fiat or other crypto, operate trading platforms or provide custodial services), requiring them to collect tax‑residence data from users, track relevant transactions and file annual reports with the Tax Information Authority.
Legal professionals note that CARF reporting under the current interpretation applies to relevant crypto-asset service providers, including exchanges, brokers and dealers, which likely leaves structures that merely hold crypto assets, such as protocol treasuries, investment funds, or passive foundations, off the hook.
“The key question is whether your entity, as a business, provides a service effectuating exchange transactions for or on behalf of customers, including by acting as a counterparty or intermediary or by making available a trading platform.”
In practice, that means many pure treasury or ecosystem‑steward foundations should be able to continue benefitting from Cayman’s legal certainty and tax neutrality without being dragged into full reporting status, so long as they are not in the business of running exchange, brokerage or custody services.
Chancellor Rachel Reeves has suffered another budget blow with a rebellion by rural Labour MPs over inheritance tax on farmers.
Speaking during the final day of the Commons debate on the budget, Labour backbenchers demanded a U-turn on the controversial proposals.
Plans to introduce a 20% tax on farm estates worth more than £1m from April have drawn protesters to London in their tens of thousands, with many fearing huge tax bills that would force small farms to sell up for good.
Image: Farmers have staged numerous protests against the tax in Westminster. Pic: PA
MPs voted on the so-called “family farms tax” just after 8pm on Tuesday, with dozens of Labour MPs appearing to have abstained, and one backbencher – borders MP Markus Campbell-Savours – voting against, alongside Conservative members.
In the vote, the fifth out of seven at the end of the budget debate, Labour’s vote slumped from 371 in the first vote on tax changes, down by 44 votes to 327.
‘Time to stand up for farmers’
The mini-mutiny followed a plea to Labour MPs from the National Farmers Union to abstain.
“To Labour MPs: We ask you to abstain on Budget Resolution 50,” the NFU urged.
“With your help, we can show the government there is still time to get it right on the family farm tax. A policy with such cruel human costs demands change. Now is the time to stand up for the farmers you represent.”
After the vote, NFU president Tom Bradshaw said: “The MPs who have shown their support are the rural representatives of the Labour Party. They represent the working people of the countryside and have spoken up on behalf of their constituents.
“It is vital that the chancellor and prime minister listen to the clear message they have delivered this evening. The next step in the fight against the family farm tax is removing the impact of this unjust and unfair policy on the most vulnerable members of our community.”
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Farmers defy police ban in budget day protest in Westminster.
The government comfortably won the vote by 327-182, a majority of 145. But the mini-mutiny served notice to the chancellor and Sir Keir Starmer that newly elected Labour MPs from the shires are prepared to rebel.
Speaking in the debate earlier, Mr Campbell-Savours said: “There remain deep concerns about the proposed changes to agricultural property relief (APR).
“Changes which leave many, not least elderly farmers, yet to make arrangements to transfer assets, devastated at the impact on their family farms.”
Samantha Niblett, Labour MP for South Derbyshire abstained after telling MPs: “I do plead with the government to look again at APR inheritance tax.
“Most farmers are not wealthy land barons, they live hand to mouth on tiny, sometimes non-existent profit margins. Many were explicitly advised not to hand over their farm to children, (but) now face enormous, unexpected tax bills.
“We must acknowledge a difficult truth: we have lost the trust of our farmers, and they deserve our utmost respect, our honesty and our unwavering support.”
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2:54
UK ‘criminally’ unprepared to feed itself in crisis, says farmers’ union.
Labour MPs from rural constituencies who did not vote included Tonia Antoniazzi (Gower), Julia Buckley (Shrewsbury), Jonathan Davies (Mid Derbyshire), Maya Ellis (Ribble Valley), and Anna Gelderd (South East Cornwall), Ben Goldsborough (South Norfolk), Alison Hume (Scarborough and Whitby), Terry Jermy (South West Norfolk), Jayne Kirkham (Truro and Falmouth), Noah Law (St Austell and Newquay), Perran Moon, (Camborne and Redruth), Samantha Niblett (South Derbyshire), Jenny Riddell-Carpenter (Suffolk Coastal), Henry Tufnell (Mid and South Pembrokeshire), John Whitby (Derbyshire Dales) and Steve Witherden (Montgomeryshire and Glyndwr).