In a nutshell, crypto art is digital art that is regarded as real art due to the potential to prove possession of the work. Much as an original Picasso artwork would have its authenticity and ownership checked, crypto art can be verified in the same manner by using an NFT or a non-fungible token. An NFT is a unique ID attached to a piece of crypto art that cannot be copied and used to validate ownership of a piece. It can be attached to something, like JPEGs, GIFs, MP4s, and even songs. This coin, which proves possession of the 'first' file, is stored on the Blockchain, a permanent database that any device can download in the world.
Blockchain & Crypto Art
Without being too technical, consider Blockchain to be a giant master copy of a spreadsheet to which anyone can add a row of details, such as the unique ID of an NFT attached to a piece of crypto art. By comparing it to this spreadsheet, the Blockchain will validate evidence of possession to a digital asset.
This spreadsheet makes it almost difficult to falsify the documents, so both computers compare them to determine what is original and a forgery. Consider this another way: A fine art specialist who knows the past of the piece from collector to the dealer is needed to check the authenticity of a Picasso. The Blockchain is similar to a fine art specialist in the crypto universe.
Crypto art exists on its network, the Ethereum blockchain. It is the most common misunderstanding. There is a distinction between right-clicking and uploading a picture or animation to your device and possessing the NFT-backed original. The image you downloaded is meaningless, while the NFT-backed image is an artist's "original" work.
When you can download a picture of a Picasso painting digitally or purchase a copy of a Picasso painting, the image and replicas will not be worth almost as much as the authenticated original. You can download a GIF a million times, but they're all useless because you don't own the NFT-linked edition, proving you own the original GIF. The NFT is everything!
The Value of Crypto Art
The valuation is built on rarity and the fact that you cannot replicate the crypto art due to the NFT. Another factor is that people put economic importance on it. What makes those rectangular bits of cardboard with baseball player pictures on them worth thousands of dollars? What for Beanie Babies? Or how are Pokemon cards? Since they have a monetary significance in the eyes of collectors, usually due to scarcity. That is what there is to it. It is essential that collectors put on pixels in the world of crypto art. Some collectors purchase crypto art solely for speculating, while others buy it to help the artist or because they have a bond to work.
Motion Designers & Crypto Art
There's an explanation why a motion designer has probably learned about crypto art by now. It is because many collectors are now interested in motion-style parts. Remember that NFTs can be added to any form of art, and the most common type of art right now is motion design.
The Difference Between Making & Selling Crypto Art
Creating personal work is still a good idea, whether you're crypto-rating it or not. It enables you to test experimental apps, hone your abilities, and experiment. Storytellers are among the most influential artists in the crypto room. Artists such as Blake Kathryn and Shams Mecca have regularly produced work and amassed significant social media followings. Their job demonstrates their individuality and establishes a story. Some artists treat themselves as though they are their art brand. It's fascinating to see a motion designer's mentality change from "I suppose I'm just here to do client work" to "I'm here to make art!"
One of the best aspects of selling crypto art is that the creator still holds rights and receives royalties on any secondary market transaction. Meanwhile, if you upload your work to Instagram, they will use it however they want for their reasons without asking for permission. They can also edit and change your work—or sell it! Instagram and other social media sites benefit from the work, while crypto art allows artists to profit from their work. What a brilliant idea!
The Bottom Line
New inventions are not without significant flaws. When considering making crypto art, there is one primary concern. Keep in mind the crypto art exists on the Ethereum network.
Blockchain infrastructure necessitates vast quantities of equations, which necessitate much more significant amounts of electricity, and the latest paradigm is very detrimental to the climate. It means that, indeed, when you make crypto art, you add to the use of oil. Research is being undertaken to move the Ethereum network to a much more sustainable route (dubbed Ethereum 2.0) to reduce energy usage by 99 percent.
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