The art market is on the threshold of the big changes that can be made with Blockchain technologies. Blockchain suggests the decision for the main stumbling blocks of the art market such as issues of provenance, transparency, copyright, property, valuation and authenticity. of art. The reality is provided by the growth of online art sales – $ 3.75 billion in 2016, which accounted for 8.5% of the overall market (up 15% from year-to-date former). Seeing the potential, arts startups are already building blockchain-based real-world applications.

Here are the key stories of buying art with crypto-coins and ideas to create your own Blockchain art collection. ]

Artists inspired by Blockchain

The very notion of Blockchain and cryptocurrencies is the source of inspiration for artists. In fact, art is the currency itself. Its high value had been proved by centuries. So the idea of ​​buying art for cryptocurrencies has something relevant with the natural exchange. If art is a currency itself, Bitcoin is a work of art at one time or another

This is a work by Peter Fröhlich. The author describes the work:

"Mounted on a rosewood panel, inside the baroque gold-plated frame, a small computer and four specialized computing units produce Bitcoins, the crypto-currency the best known and the most used.The small screen shows the current rate of calculation and exchange rate of Bitcoins in euros. "

<img alt=" Peter Fröhlich "Peter Fröhlich"

Another example of artwork inspired by Bitcoin is the painting of the French artist Youl "Last Bitcoin Supper" which was sold in 2014 as part of "Project Bitcoin "at the eBay auction for 4.64 BTC The author of the project Bitcoincito tells the painting:

Quan d we started to launch I was struck by the fact that we both stumbled upon the same basic thought: Bitcoin like Jesus, we saw Jesus as a messianic figure who fundamentally changed the world … and for this change, he was adored and despised. We felt that Bitcoin took a similar role: completely change the world, but also adored and despised.

After days of discussion, we decided that Youl would paint a huge 140×70 centimeter canvas interpretation of the Last Supper of Da Vinci. We believed that Youl's painting could tell the story of bitcoin with a depth that a few words could even approach.

<img alt=" Youl. "Last Bitcoin Supper" "src =" https://cointelegraph.com/storage/uploads/view/891c221b2cea97b8059f1066c8dc1b64.jpg "title =" Yes. "Last Supper Bitcoin" "(19459004)

Youl." Last Bitcoin Dinner "

Today, the number of Bitcoin / crypto works has become one of the cases where this kind of art was available together – Crypto Art Gallery Event in Manchester, UK on April 9, 2017. As a line up of the event, there was a Two Minds / One Love work on sale for five BTC

Street Art and Bitcoin

Bitcoin-inspired art by its atmosphere can be compared to street art: they have equal ideas of existence on the sidelines of the law, rejecting official institutions such as art galleries. art museums, art schools or banks, generalized, controlled and supported by an independent and often anonymous artistic community and society.

Moniker Art Fair, specializing in street art and urban culture in 2015, becomes a pioneer using Bitcoin in a fairground context offered for Bitcoins and visitors had the opportunity to learn more about cryptocurrency through a 15 meter interactive installation entitled "The Renaissance is Now." The installation included a Bitcoin ATM for anyone inspired to try digital currency on the spot.

"The Renaissance is Now" Installation Bitcoin for Moniker Art Fair 2015 – sponsored by Kaspersky

Another cryptocurrency Project that inherits from the anonymity of street artists called Scarab. The Scarab experiment is an attempt to create a kind of "virtual artist" using decentralized technology. Scarab is an artist as a trained persona across the community, who suppresses individual identity and creates a collective artist. One becomes Scarab by participating in the community by making illustrations for submission and / or voting. The artists are competing for their work to be officially signed and sold as "Scarab". Participants in the experiment will jointly create a new artistic character, with a portfolio of up to 50 works. To participate and be part of the community, you must have at least one Scarab token. When an artwork is sold, all token holders will receive a royalty payment as a reward for their participation.

Traditional art institutions and cryptocurrencies

With the spontaneous development of Bitcoin art The first case dates back to 2015, when the Austrian Museum of Applied Arts MAK has bought an online installation, a screen saver generated by an algorithm of the Dutch artist Harm van den Dorpel. "Event listeners." This screen saver has become the first artwork ever sold for Bitcoin at a museum.

<img alt=" Screenshot of event listeners, OSX Screensaver by Harm van den Dorpel, 2015 "src =" https://cointelegraph.com/storage/uploads/view/ 8e526318538c99877fb99a4131b8fd92.jpg "title =" Screen capture of the event headphones, OSX Screensaver by Harm van den Dorpel, 2015 "/>

Screenshot Event Headphones screen, OSX Screensaver by Harm van den Dorpel, 2015

If buying art for Bitcoins is too radical for to be a normal practice for museums Blockchain technology itself is much more acceptable by official artistic institutions From 1 to 10 September 2017, the Central Museum of Contemporary History of Russia in Moscow hosted the first CryptoArt in the world , an exhibition project organized by the Rudanovsky Foundation The Foundation presented a quality platform ate new for artistic communication based on the works of the contemporary artist Svetlana Smirnova. Each image was provided with a VerisArt open digital certificate, based on Blockchain technology. With Blockchain, it is impossible to destroy or falsify the main detailed information about the works of art, provenance and history of the move. This provides the basis for true security and transparency. Technology provides access to open and transparent relationships between museums, auction houses, galleries, collectors, art historians and researchers.

There are also fans of the idea of ​​selling art for crypto-currencies. In the summer of 2017, Dadiani Fine Art became the first gallery in Britain to accept Bitcoin and other crypto-coins for works of art. Shoppers at the Cork Street Gallery, in the heart of Mayfair's traditional arts district, will be able to use one of the following six cryptocurrencies on the market: Bitcoin, Ethereum, Ethereum Classic, Ripple, Litecoin and Dash

. The works that can be purchased with cryptocurrencies in the Dadiani Fine Art Gallery are a series of 18 sculptures by Mike O'Connor, each created from Inconel's original escape systems, they are titled " The Noise ". The exhaust systems are infamous Ferrari "056" engines

<img alt=" Sculpture "The Sound" by Mike O'Connor. Dadiani Fine Art "src =" https://cointelegraph.com/storage/uploads/view/a961f0e5724ea9c19d49cc5d1459d457.jpg "title =" Sculpture "The Sound" by Mike O. Connor. Dadiani Fine Art "/>

Sculpture" The Sound "of Mike O Connor Dadiani Fine Art

Digital Art and Blockchain

The most important contribution brought by Blockchain technology to the world of art concerns perhaps digital art: today, digital art takes many forms , all done with the help of a computer but digitized and edited on the computer or perhaps Photoshopped images or CAD-designed models. Digital artists face many problems when 39, it is to protect the authenticity and the property of their pieces, and this is especially true with the images., And systematize the digital art because Blockchain can be compared to the right of art. author.During a long time, the only way for artists to really build a market aut Their digital works have been to convert them into physical forms. problem of provenance and verification of a work of art. It offers an ideal solution for preserving intellectual property, creating demand and increasing the value of digital content.

Successful startups like Monegraph, Ascribe, Verisart offer the art world to attribute authenticity to any image. These startups use decentralized technologies to help artists and collectors with new ways to certify, document, verify and animate their works. The Blockchain is used to build a global register of art and collectibles, coupled with the museum's standard metadata, to provide immediate value to artists, collectors, apparaisers and insurers.

Start Your Own Art Collection

Blockchain technologies change the major principles of the art collection. Traditionally, art collectors were extremely rich people. The art market is one of the most conservative, where old and big auction houses like Christie's and Sotheby's are unconditional dominants.

Blockchain and cryptocurrencies can make the art market transparent and more democratic. One of the promising startups calls Maecenas and uses Blockchain technology to create tamper-proof digital certificates related to works of art. A single illustration is broken down into thousands of certificates, in the same way that a public company issues shares. Investors can then buy these certificates to own a percentage of a given work, and they can resell them to other investors at any time via the Maecenas exchange.

After the launch of the start-up in 2018, the founders announce works available for investment by an artist like Picasso, Monet, Braque, Pissarro, Giacometti, Brancusi, Modigliani, Renoir, Chagall, Munch, Sisley, Warhol, Basquiat, Lichtenstein, Soulages, Beuys, Duchamp, Bacon, Sam Francis, Dubuffet, Bourgeois

While waiting for new startups that democratize the access to the fine arts, we propose you a list of & dquo; # 39; works of digital art available for crypto – currencies at this moment:

1. Micah Hesse. Illuminatic, 2016. HD video animation, ∞ 01:21 pas, no sound

Available at "Left Gallery" through the attribution platform or here.

2. Joey Villemont. 24hourbody.net, 2017

Available from Cointemporary