What is the so-called 'crypto art'?

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The call "Crypto art" it is not a new art form. It is not a new art movement, nor is it a new art-related cryptocurrency.

In fact, it is the use of blockchain-based tools to support artists and artworks. In other words, the use of new tools that are possible thanks to cryptocurrencies and the blockchain is art.

The funny thing is that practically any artist can use these new tools to profit, although to be fair, often those who produce crypto-art are artists who specialize in digital art forms.

It all starts with the fact that the data recorded on a public and secure blockchain, such as that of Ethereum, they are in fact immutable, public, verifiable and not falsifiable.

For example, any work of art can be represented by a unique code, called a hash, which can be indelibly and unalterably etched on the blockchain. If the blockchain is public, anyone can freely verify that only one of that code exists, and can also verify that it is the owner.

The public blockchain does not record the name of the owners, but the code of their public address, and only they can demonstrate mathematically, and without a doubt, that they are the true owners.

But not only that.

Crypto art and NFT’s

Blockchains like Ethereum also allow, for example, to create individual non-fungible tokens, called NFT, which not only allow anyone to verify their existence, uniqueness and ownership, but can even be traded, that is, freely shipped by their owner. to other public addresses belonging to other owners.

And there is more.

Digital works of art can be issued and registered in special decentralized repositories, in the form of digital files, and linked, for example, to one of these NFTs, to make their ownership public for everyone and to exchange them freely.

Strictly speaking, crypto art consists precisely of the creating these digital artworks which are inextricably linked to an NFT, but since NFTs can also be linked to physical works of art, we often speak of crypto art even when it is a non-digital work.

There is actually a third definition of crypto art, but now it is only used marginally. In other words, crypto art was once defined as any artwork related to cryptocurrencies and blockchain, but now only those that are represented on a public blockchain with a unique hash or NFT are considered works of " crypto art ”.

Finally, it is worth noting that these particular NFTs can often be freely traded on markets real where buyers can be sure that they are the sole owners and that they own the original work, while artists can make money selling it directly to collectors.

In short, it is a new way of doing, but above all exchanging art, applicable to many different art forms, particularly digital art, meaning all art that can be saved to a file.



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