- Crypto art is digital art that is treated like physical art due to the ability to have verified ownership of the piece. Just like an original painting signed by Picasso can have its authenticity and ownership authenticated, crypto art can be verified in the same way using an NFT or a non-fungible token. An NFT is a special token that represents a unique ID that is linked to a piece of crypto art that cannot be replicated and is used to verify ownership of a piece. You can attach it to anything: a JPEG, GIF, MP4, even music. This token that proves ownership of the ‘original’ file is stored on the Blockchain which is a permanent ledger that can be accessed from any computer over the world.
I took from my box of uncertainties my chain which push me to explore the NFT and crypto art space.
This exciting new technological iteration of creative output.
I hope could present and opportunities to protect work and thereby encourage emerging artist also facilitating a healthy collectors market generally.
However, the NFT space has almost instantly been taken advantage of by speculators and reduced to just an entertainment form for wealthy individual to amuse themselves completing to see who can waste the most money on digital art.
Worst still, people with no principle are simply taking artist work and creating their own NFT thereby defeating the entire object of the exercise.
I see many problems with this
First, nothing stops people duplicating the work even with a “magic digital token”.
Second, this is very very new, and quite difficult for many to do without technical knowledge, and far from the free and unbound creativity which is what the creative space is really about.
And third, despite the supposed benefits, there are thefts of physical works which are then turned into NFT’s, which risk making a bad situation potentially worse.
(NON-FUNGIBLE TOKENS ARE DEAD, LONG LIVE INVISIBLE $18,000 SCULPTURES)
https://www.highsnobiety.com/p/salvatore-garau-invisible-sculpture-sale/
I realise therefore to achieve the change I want I need to approach it differently.
I am still hopeful about the potential for NFT and crypto art, but I realise I need to look for more alternatives to achieve the change I want. And I have been conceptualising safe spaces, and re-education for creatives on these issues, and some other ideas.