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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