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How Blockchain enhances the digital art market

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89 atomized seconds, by Eve Sussman. Courtesy of Snark.art.Courtesy of Snark.art

Uniqueness and novelty are generally considered the founding principles of creativity in the arts. These principles, however, are often challenged in the space of digital art in which the proliferation of unauthorized digital copies makes it almost impossible to demonstrate the ownership or authorship of the work of art in question.

Blockchain technology is a long-sought solution for digital art space that offers the opportunity not only to limit the number of copies as intended by the artist, but also to create unique and non-fungible versions. of the digital masterpiece. So, what makes this technology so revolutionary for digital artists and their markets?

First of all, blockchain-based platforms allow artists to record information on copyright and provenance for their art by supporting the uniqueness and scarcity of digital. Verisart It is one of the first platforms to help artists release certificates of authenticity for their work on the blockchain. Founded by Robert Norton, former CEO of Saatchi Online and Sedition, the company uses blockchain technology to "protect creation and property records to verify the authenticity of works of art".

In addition to supporting the authenticity of art, digital scarcity also opens up new business opportunities for both artists and collectors. We can observe the continuous growth of online markets to trade digital art and crypto-collectible such as CryptoKitties and CryptoPunks. Some of the markets, like Rare bitsit helps collectors not only to buy and sell their cryptographic assets at no cost, but also to manage their crypto-collectible portfolio and get information about the new crypto-assets coming.

Finally, the immutable nature of the blockchain and an option to create infinite fractions of each piece open up the space of digital art to the creative uses of technology. One of the exciting developments in the field is the collaboration between Snark.art, a digital laboratory for art and technology, and Eve Sussman, an established artist of video, film and installations. The result of this collaboration, an original art work of Ethereum, 89 seconds atomized, is taking Sussman's 2004 seminal work for 89 seconds in Alcaz & aacute and transforming it for the blockchain & # 39; to be collected and interacted in a new conceptual way.

Summing up, digital art is certainly one of the most obvious candidates for the use of blockchain for the art market. Access to cutting-edge technologies such as AI and VR offers artists new digital tools to create works that would be unimaginable only a few years ago, while blockchain helps creators to guarantee the authorship of their pieces. But above all, blockchain and its adoption in the art world are a crucial step forward in raising the status of digital art, making it more desirable for the collector community around the world and placing it at the same level of more traditional art.

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89 atomized seconds, by Eve Sussman. Courtesy of Snark.art.Courtesy of Snark.art

Uniqueness and novelty are generally considered the founding principles of creativity in the arts. These principles, however, are often challenged in the space of digital art in which the proliferation of unauthorized digital copies makes it almost impossible to demonstrate the ownership or authorship of the work of art in question.

Blockchain technology is a long-sought solution for digital art space that offers the opportunity not only to limit the number of copies as intended by the artist, but also to create unique and non-fungible versions. of the digital masterpiece. So, what makes this technology so revolutionary for digital artists and their markets?

First of all, blockchain-based platforms allow artists to record information on copyright and provenance for their art by supporting the uniqueness and scarcity of digital. Verisart is one of the first platforms to help artists release certificates of authenticity for their work on the blockchain. Founded by Robert Norton, former CEO of Saatchi Online and Sedition, the company uses blockchain technology to "protect creation and property records to verify the authenticity of works of art".

In addition to supporting the authenticity of art, digital scarcity also opens up new business opportunities for both artists and collectors. We can observe the continuous growth of online markets to trade digital art and crypto-collectible such as CryptoKitties and CryptoPunks. Some markets, such as Rare Bits, facilitate collectors not only the purchase and sale of their cryptographic assets at no cost, but also manage their portfolio of crypts and are trained on the new crypto-assets coming.

Finally, the immutable nature of the blockchain and an option to create infinite fractions of each piece open up the space of digital art to the creative uses of technology. One of the exciting developments in the industry is the collaboration between Snark.art, a digital laboratory for art and technology, and Eve Sussman, an established video, film and installation artist. The result of this collaboration, an original art work of Ethereum, 89 seconds atomized, is taking Sussman's 2004 seminal work for 89 seconds in Alcazár and transforming it for the blockchain & # 39; ; to collect and interact in a new conceptual way.

Summing up, digital art is certainly one of the most obvious candidates for the use of blockchain for the art market. Access to cutting-edge technologies such as AI and VR offers artists new digital tools to create works that would be unimaginable only a few years ago, while blockchain helps creators to guarantee the authorship of their pieces. But above all, blockchain and its adoption in the art world, is a crucial step forward in raising the status of digital art, making it more desirable for the global collectors community and placing it at the same level as the 39; more traditional art.

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