I recently read a blog post by Bobby Hundreds of The Hundreds about the future of Crypto Art and how it is truly democratizing those who make digital works, whether that's art, music, writing, video, or anything that can be transferred in bits.
Some months ago, an Aussie friend enticed me to look more into Bitcoin and other cryptocurrency, and she said she buys a lot of digital art that has earned her more money. Imagine being the sole owner of the piece above with the ability to sell/trade it just like you would any other piece of traditional art.
I already know the first likely question you have, "How can anyone own a piece of digital art that can be easily sent across the world via email or text message, or shared by random "curator" accounts on social media?"
Bobby's article explains that concisely in the article, but the gist is that you own the certificate of authenticity, which only can be owned by one person at a time. That certificate can be traded to others, typically for a profit—not much different than how art is normally traded except for one key feature.
If I was lucky enough to own an original Takashi Murakami and I wanted to sell it, I could, but Murakami wouldn't make any money off any secondary market sales. When I make and sell a piece of digital crypto art, I can place in the original agreement a percentage that must be transferred to me every time the art is traded.
There isn't a major gallery, auction house, or art dealer in the world that will do that.
I don't have all the information yet, but I'm looking closely at a platform called Superare.co. Based on what I've seen, this crypto art marketplace has some of the most substantial work, and they have a more stringent vetting system for the artists. I'm going to submit my application soon, and as things progress, I'll share my experience.
Side note: If you're one of the few here that do only make physical art or crafts; as Bobby shares, someone accidentally put a hole in the wall, put a frame around it, and took a photo, then sold that photo for roughly $11,000.
Until next time.