Arts & Culture
What is the deal with Crypto Art and NFTs? The art world was recently slapped in the face by Crypto Art when musician Grimes sold her digital work for almost $6 million in only 20 minutes online. In the same week, Mike Winkelmann, also known as Beeple, sold a digital work for $6.6 million. All of this comes only a few on house sale of online art, in which one of Beeple’s Crypto Artworks, , was sold.
bergasted by Banksy’s self-destructing print back in 2018.
as a way to purchase Crypto Art creates a blockchain which states the transactional history of the work. This means that there is no physical ownership of the work,
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week the art world caught the attention of a group on Instagram called BurnBanksy who purchased the $33,000 work entitled Morons -
comparison. Would a collector rather own a Banksy print to - Just like the half-destroyed Banksy of 2018 holds more
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about the work, but about playing and manipulating the market. It can be argued back and forth for hours about works of art. This is great news for Crypto artists and for whether Crypto Art constitutes art or not. Whether or not it is good or bad art. At the end of the day, in the premeans more demand and more opportunities for trade.
but only for around 3 years before completely collapsing.
collectors and more of a contemporary market thrill ride.
Bella Pickard
