crypto art

Crypto art | Top #3 of the week

ita | eng

In the past few weeks the terms crypto art, NFT and blockchains have invaded magazines all over the world. The new frontiers of the art market are intriguing and perhaps a bit frightening as they put technology into play, and are sometimes difficult to read. However, it is a known fact that digital works have reached peak records equal to and/or higher than physical sales. This suggests a new future for the art market, art works, its evolutions and new ways of collecting art works.

For this week’s Top #3 we thought to bring together the three “crypto-works” that were actioned for staggering figures between 2020 and the first months of 2021. We’d like to recount the stories and maybe shed some light on the subject: what is crypto art? What are the sale methods of a certified digital art work?

When we refer to crypto art we are referring to objects made in digital form and, for this reason, can be potentially reproduced as copies by anyone. But crypto art is made safe and absolutely not reproducible thank to cryptographic technology – NFT on blockchain – that allows artists to record their work in an unequivocal and secure way.

Unique and unrepeatable art works are now on the market, that can be compared to – without a difference – to “physical” works of art. For example, a digital work associated with an NFT (non exchangeable attributes or, more simply, with a certificate of digital authenticity) acquires the same uniqueness as a painting by David Hockney, so they buyer claims the one and only existing original work of art.

As The Verge magazine states, “To put it in terms of collecting physical art: anyone can buy a Monet print. But only one person has the original”. Similarly, anyone can copy and replicate the Nyan Cat, but only one person owns the original art work, as it is made unique and unrepeatable by NFT blockchain technology.

Here are the three works of art that were auctioned for staggering figures between 2020 and 2021, created by digital artists Matt Kane, Chris Torres and Mike Winkelmann.


Right Place & Right Time | @mattkaneartist

 

A work of art that changes appearance based on the fluctuations in bitcoin prices. Sold for $100,000 in October 2020, Right Place & Right Time was created by Matt Kane and authenticated on blockchain.

 

 

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Un post condiviso da Matt Kane 🎨 (@mattkaneartist)


Nyan Cat | via @firstclassemalaysia

 

Created as a meme in 2011, Chris TorresNyan Cat was auctioned for approximately $580,000. The piece, sold on Foundation, is a unique version of the rainbow kitten, authenticated by blockchain technology and Non Fungible Tokens.

 

 

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Un post condiviso da FirstClasse (@firstclassemalaysia)


Everyday: the first 5000 days  | via @christiesinc

 

Christie’s auctioned off the world’s largest jpg. for $69.3 million. The work, created by digital artist Mike Winkelmann (better known as Beeple) is entitled Everyday: the first 5000 days. It is a huge collage of photographs, digital images and other materials connected to his daily research. It was pieced together starting in 2007 and sold in March 2021 thanks to blockchain technology. Currently, Mike Winkelmann is the third highest paid living artist, along with Jeff Koons and David Hockney.

 

 

Visualizza questo post su Instagram

 

Un post condiviso da Christie’s (@christiesinc)


P.S: Are you an artist showcasing your work on Instagram? You could be part of our next Top #3 of the week! Use the hashtag #zirartmag on your posts and become part of our community.

Translated by Ludovica Sarti

Read more Top #3 on ZìrArtmag

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