CryptoArt 101: Are You Ready For The Creation?
I collaborated with 3 other artists on The Creation, a CryptoArt piece tokenized on ETH blockchain. If you’re not already in the know, catch up quick with my answers to common questions!
Flipping through layers of The Creation, Current bid: 3.75 ETH ($1,448.74)
“All can view, one can own” is the most concise summary of CryptoArt. Yes, anyone can download the JPG, but an immutable database states there is only one owner. Can there be multiple editions? Yes, and the same importance of provenance applies.
OK, but why collect proofs of ownership? Psychology says Collectors gun collect. Some love the art, some are prospectors looking to flip, and some are lover flippers 🐬
Is that different than the old art world? So far, no, large parts of the
CryptoArt world are recreating structures from the past. An immutable database doesn’t stop someone from writing lies into the database, so be weary of anyone hocking crypto as a silver bullet to human problems.
But crypto does have a few unique tricks! Smart contracts make it possible to implement Perpetual Royalties: every time the art changes hands the artist receives a cut.
Another use case for CryptoArt is Async.Art which blurs the lines between creator, curator, and collector. Artworks are comprised of layers. Each layer has a choice of states. The owner of a layer can select it’s state, resulting in a dynamic artwork that can be different every time you view it on the Async.Art Apple TV App.
States for the Background, Brain, and Human layers of The Creation.
Is crypto real money? No, it’s not fiat. But it can be readily traded for fiat at on/off ramps like coinbase.com (join with that link and we both get $10). The prices you see associated with different coins is an approximate conversion rate. The exact value is constantly fluctuating.
Auction end times for each layer of The Creation, along with the MASTER.
You got pockets full of ETH? The Creation is being auctioned on Friday, September 18th (2020) with 25% of proceeds going to benefit The Grid.
If USD are more your speed you can preorder this commemorative t-shirt which will be printed with states set by owners after the Sep 18th auction.
I made a gallery of my crypto art on pinterest because I’m already on several sites/chains 💅 It’s also interesting to see what the algorithms dig up in relation to my pieces!
That’s more than enough to digest. If you’re taken aback by any of my gross over simplifications, please fill up the comments with your knowledge drops and favorite explainer resources 🙏😁🍑