What is Crypto Artwork - Blockchain
Own a share of famous art in a Museum? Buy a crypto-art with the guarantee of authenticity? When I started to study about blockchain
I always heard that this technology could be applied to everything and the cryptocurrency Bitcoin is just a little of its application. Now with crypto-artwork
emerging I can be sure that blockchain usage is limitless and some innovation is the only thing required to start giving new levels to a traditional market. Art collectors, art investors and enthusiasts are now reading more about crypto-art
which is taking the art to the next level. No more art piracy, no art steal, totally secured and authenticated. The best deal is that you can do simply everything imaginable applying blockchain to the art universe. It is perfect for the artist and the collector side. Blockchain allows us to get 100% authenticated, limited edition art pieces, or crypto-artwork only available online. Using cryptocurrency (Bitcoin, Litecoin, Bitcoin Cash), you can buy limited edition art totally authenticated. Some people may say, I don't care if the piece is authenticated and original ... I can get a simple copy of it. Serious art collectors and investors, on the other hand, knows exactly what I am talking about. It is an authentic artwork, sometimes with a limited number. If you get yours, you have a secure and authentic art piece. As I already said, the application has no boundaries.
If you are not used to Blockchain, you can start reading my post about how to start a Bitcoin wallet
Let's examine some of the possibilities:
Renowned artists can produce some works exclusively for the cyberspace. It is just like to have the same collectibles you use to have, but now, online and with limited availability. Authenticated, original art
: in the blockchain, the artist can easily "flag" this work as original. For example: there are only 3 pieces of an oeuvre
and as this is added in the blockchain, there is no way you can add more or less.No more art steal
: When you buy an Crypto-artwork
, the process is similar to transfer Bitcoins to other people. Once you get the Bitcoins, it is locked into the blockchain and no one will change it. You bought a virtual oeuvre, and you will get the Crypto-artwork property guaranteed by the blockchain technology.
Real art pieces
This technology is not only available for Crypto-Artwork
but for real oeuvre in a Museum. Let's say a museum need some funds. They can allow art investors to buy some oeuvre (collective purchase). In this case, using cryptocurrencies, art collectors from any part of the world can buy a share of famous art located within museum walls. They can sell their share or keep for a future multi-million dollar sale. This is just an idea of what you can do.
There are dedicated sites to Crypto-Artwork
and you can visit several projects including for collectibles (cryptokitties
, rare pepe wallet
) and also paintings at dada.nyc
. Artists can adhere to this new trend which is the buzz in the art world now. Again, after reading a few about it, I can be sure that many other interesting application will come soon. Let's think further and imagine what it can be done with the music, fashion, models or film industry. Now, I am getting used to the blockchain and I know everything can be projected to run into a blockchain and then guarantee safety and privacy for all projects. I think the music industry will be the next to get some innovative services using Blockchain. Well, as I am getting more ideas I will update this blog post.