At a first glance blockchain and art are polar opposites. But how do they say: Opposites attract. Blockchain technology can help to solve many issues of the modern art market, for example:
- It can help to securely and transparently track provenance, copyright and ownership information
- It can provide frameworks for tokenization of real-world art objects, simplifying access to the art market and allowing “ordinary mortals” to become art investors and get partial ownership on expensive assets (see e.g. Maecenas project description below)
- Blockchain and cryptography can be the art environment itself, meaning they can be used to create and store digital art objects (like Crypto-Kitties described below)
- And of course, it can help artists to collect fundings for their art projects using the mechanisms of the so-called ICO (initial coin offering)
Let’s have a look at the most popular and interesting blockchain and art projects where creativity meets technology.
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