Blockchain technologies can be responsible for big revolutions not only on economy – now, it’s time for changes in art market. Several features present on Blockchain can improve art transactions and relationships, like granting transparency, copyright, ownership, valuation and authenticity. The actuality is supplied by growing on-line art sales – $3.75 bln in 2016, which was an eight.five percent share on the overall market place (up 15 % from the year ahead of). Seeing the potential, art startups are already building real-world applications based on Blockchain. These are the important stories of purchasing art with cryptocurrencies along with the tips of the best way to commence your own Blockchain-based art collection.
This way, Blockchain and cryptocurrencies become inspiration for a few artists. Actually, art is currency itself. Its higher value had been proved by centuries. So the idea of acquiring art for cryptocurrencies has something relevant with organic exchange. If art is a currency itself, Bitcoin sooner or later is a piece of art. One more example of Bitcoin inspired art piece will be the painting by French artist Youl “Last Bitcoin Supper” that was sold in 2014 as a element of “Project Bitcoin” at eBay auction for 4.64 BTC. The author from the project Bitcoincito tells in regards to the painting:
When we started throwing about tips for the painting, I was struck that we both had stumbled upon the identical standard believed: Bitcoin as Jesus. We saw Jesus as a messianic figure who fundamentally changed the globe… and for that adjust, he was both worshipped and despised. We felt that Bitcoin has taken a comparable role: thoroughly world-changing, but in addition worshipped and despised.