The emergence of cryptoart: what you should know

Cryptocurrency, a digital or virtual currency, used safety cryptography and is not decentralized and is not controlled by any government or financial institution, has become an important actor in the financial world. However, cryptocurrency has a new and growing subgroup: Cryptoart.

Cryptoart refers to the creation of original works of art with cryptocurrencies as a means of exchange. This movement gains dynamic, with artists and collectors also the unique properties of digital currency as a platform for artistic expression.

Cryptoart History

The concept of cryptoart dates from 2011 when the first cryptocurrency bitcoin (BTC) was created by a person or group of people that the pseudonym of Satoshi Nakamoto using the pseudonym. First, it was marketed as a safe and decentralized alternative to traditional financial systems. Over time, other cryptocurrencies appear, such as Ethereum (ETH) and Litecoin (LTC).

In recent years, the emergence of Token Non Fungibel (NFT), which are unique digital assets that can be purchased, sold and marketed as works of art, have led to an increase in Cryptoart creation. By using blockchain technology, artists can create, verify and store their work as few collection pieces.

Cryptoart characteristics

Cryptoart shares several properties with traditional art:

• Originality : Each piece is unique and cannot be replicated or falsified.

• Owner : The owner of the work of art has to sell, act, act or transfer the total control of the right, including the right.

• Authentication

  : Digital documentation guarantees the authenticity and origin of the work of art.

• Scale : Many pieces of cryptoart are generated in limited amounts, which makes them more valuable.

However, Cryptoart also differs from the traditional art in several ways:

• Property Model : In traditional art, property is often linked to the physical object itself. Kryptoart owners have no control over their work of art without the underlying cryptocurrency.

• Economic model : The value of a cryptoart value is determined by supply and demand in the digital market, while traditional artistic values ​​are generally based on market forces.

Why invest in Cryptoart?

Investing in Kryptoart can be a high risk and high reward:

• Growth potential : Kryptoart prices have increased significantly over time, which offers investors the opportunity to benefit from their participations.

• Collectibles unique : NFT are becoming more and more valuable and make attractive investment vehicles.

• Diversification : Cryptoart investments can provide protection against traditional investments, since the value of cryptocurrencies does not correlate with other assets.

How to invest in cryptoart

Investing in Kryptoart requires:

• Research : Understand the market, artists and technologies.

• Diversification : Extend your investment through several works of art or tokens.

• Memory : Use a wallet or a good reputation memory solution to protect your stocks.

• SECURITY : Use safe passwords, activate two factors and keep your software updated.

The best places to buy Cryptoart

Some popular platforms to buy Cryptoart are:

• OpenSEA : A special market for purchase, sale and trade with NFT.

• Rarible : A platform that allows artists to create, visit and sell NFT.

• Foundation : An artificial background based on blockchain with which artists can create, show and monetize their work.

Diploma

The Rise of Cryptoart is a new border in the world of digital finances in which creativity and innovation correspond to technology. By understanding Cryptoart’s characteristics and advantages, investors can use this growing market.