Crypto, blockchain, and NFT trends are constantly changing. Learn the latest with crypto art and its technology right here.
Did you know that digital art experienced sales amounting to a total of $2.5 billion within the first two quarters of 2021 alone?
Since taking the world by storm, this kind of crypto art has only continued to grow and flourish in a wide variety of ways. If you blink, you may miss out on all kinds of great things within the world of crypto art. Anyone serious about investing should do their best to keep up to date on relevant news.
Are you wondering about the most exciting developments? Keep reading to learn about the latest crypto art news.
Official Vincent Van Gogh NFTs
It’s a well-known fact that Vincent Van Gogh died poor and very much underappreciated. This is hard to believe given that he’s become one of the most popular artists of all time. Fast forward to today and Van Gogh now has NFTs that are available on the Hong Kong platform Appreciator.io.
Far from being knock-offs, these beautiful NFTs come certified by the Van Gogh Sites Foundation. While the prices of the NFTs are a couple of hundred dollars shy of a grand, there’s a good chance they’ll end up being worth plenty more in the future. Whether you’re a Van Gogh fan or not, it’s worth considering making an investment while you still can.
If you missed the boat, then be sure to check out this list of the best nfts.
Patronizing Artists Directly
While there are plenty of blockchain art pieces based on classic artists like Van Gogh, there are a significant number of modern and emerging artists who are trying to make a name for themselves. A new trend that’s becoming the norm involves buying art directly from the artist. This allows for a new way to patronize your favorite artists and ensure that they continue to make beautiful pieces for your enjoyment.
This is much better than the online artist only seeing a fraction of what their piece sold for, assuming they get any of the profit at all. This is often due to artists creating art for or through sponsorships, corporations, and the like. While this is still a viable method for certain creators, many other artists prefer working on their terms and now they’ll have that option.
If you care about the future of art, then it’s always a good idea to double-check the source of the artwork and where the money is going.
Moonpay’s First Artist in Residence
The concept of having an artist in residence is far from new. This dates back to ancient times when an artist was given room and board in exchange for creating their wonderful works of art. Nowadays, NFT artists who work with blockchain tech are being given similar opportunities.
In this case, poet and artist Amber Vittoria was the first artist in residence under the patronage of Moonpay. Aside from having the usual perks an artist in residence gets, she hosted Twitter events that included many people in the crypto art community and beyond.
She also released an entire NFT collection that she created during her residency. The great thing about this news is that it’s paving the way for more crypto art opportunities. From residencies in the Metaverse and elsewhere, the possibilities are almost endless.
Original and Innovative Projects
While it’s fun to collect art and support the artists who make NFTs possible, there’s much more to the world of crypto art than that. Recent developments have broken down the assumed boundaries associated with NFTs.
For instance, there’s now an NFT-funded cafe you can go to. This was launched by the CryptoBaristas. They created the project through funds collected from selling unique character NFTs that they created together.
This is far from the only original and innovative project out there. There’s a group called Nouns.wtf that vows to auction off one generative NFT each day until the end of time. All the profits are collected within a treasury.
Anyone who’s an NFT Noun holder has the ability to vote on how the funds from this treasury are used. This kind of project is known as a decentralized autonomous origination (DAO).
These two projects suggest that we’ve only seen the tip of the iceberg concerning NFT possibilities. There’s no denying that the future is bright.
Recent technology has seen the ability to mint what’s known as a Bitcoin NFT. From crypto art to blockchains, this combines the best of both worlds.
Over 40,000 NFTs are now on the blockchain and there are plenty more where those came from. If this is the first time you’ve heard of Bitcoin NFTs, then you still have an opportunity to add them to your collection and diversify your portfolio.
Keep in mind that you won’t have the option of buying any of the Bitcoin NFTs if you don’t have a digital wallet with Bitcoin compatibility. The good news is that it’s easy to activate this type of wallet if you don’t already have one. There’s even the possibility of inscribing Bitcoin NFTs of your own.
Are You Ready to Enjoy the World of Crypto Art?
Now that you’ve learned about the latest crypto art news and trends, you can make informed decisions when considering investments and more. Crypto has taken the world by storm practically overnight and shows no signs of slowing down, so be sure to keep your ear to the ground for even more news soon.
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