Artists are bringing to life the digital nature of cryptocurrency by creating and displaying eclectic and unique pieces that draw inspiration from the buzz around virtual currency.
The art world has long been regarded as an ardent traditional institution that is simply a place for the rich. Rapid changes in the technological sphere are now making people in the industry reflect when these two worlds collide.
A growing number of artists have seen cryptocurrency and blockchain technology as a good opportunity to investigate and experiment with ideas about value, the digital world and abstraction.
Their insurance works seem to be the beginning of a new artistic culture that takes its inspiration from popular virtual currencies like Bitcoin.
One of the best-known examples of "encrypted art" is Kevin Abosch Stealing the contents of this wallet is a crime.
"Stealing the contents of this wallet is a crime" (2018) #cryptoart #crypto #iamacoin #ethereum #blockchain pic.twitter.com / J7m0tczKYz
– kevin abosch (@kevinabosch) March 28, 2018
The piece was part of a project called "I AM A COIN." The project had Abosch creating 10 million ERC-20 "IAMA Coins .100 of these were kept" in the above-mentioned art work, which was publicly displayed until the tokens were stolen.  Some works of art inspired by the crypt have obtained relatively high prices at auction.based on the work of LOVE by Robert Indiana cryptograffiti has created a series of silk-screen printing on the money sacks "bank central used "that replaced LOVE for HODL.
One of the screen prints subsequently sold at the $ 8,000 auction to the crypto-connoisseur Mike Novogratz.In a separate auction, the cryptograffiti had a piece titled "Terrible Store of Value" sold for $ 33,000
The work was intended as an answer to when Jam Morgan Dimon of JP Morgan called Bitcoin "a terrible store of value" in January 2014 .
Describes Dimon in a "state disintegration, reflecting public confidence in the tradition of banking institutions, "according to the cryptograffiti website.
HODL was part of a series of pieces put up for auction in May 2018 that centralized around cryptocurrency.
Other auctions of the event included a painting by Terry Cook, based in the United Kingdom, which simply depicts symbols of cryptocurrency. Cook, who thinks it is "natural that art and technology blockchain intersect," saw his work Ethereum win $ 2,800.
Cryptocurrency graffiti becomes more popular
Although some crypt-themed art works have gone to collect high prices at auction, other artists have been more than happy to show their creativity and talents for free.
In February, the user of Instagram & # 39; thisisludo & # 39; he published a work of street art stating how Bitcoin was bringing "power to the people" by sending the banking system to death.
Another artist, Pascal & # 39; PBOY & # 39; Boyart, has painted QR codes on his murals that invite admirers to send him Bitcoin 0 0 . According to The Next Web Boyart received more than $ 1,000 in digital currency from some of his fans.
Now, Boyart is part of a forthcoming celebration of artists called Art (r) evolution that is paying tribute to the birthday of Bitcoin 10 .
Participants in the show were challenged to explore how digital currencies can impact relationships with the public. Participants will have the opportunity to purchase works with virtual currencies such as Bitcoin, Litecoin, Ethereum and Monero.
What do you think of the artistic culture surrounding the cryptocurrencies? Let us know in the comments!
Images courtesy of cryptograffiti, Terry Cook