added by SpaceXponential · updated 2y ago
An Artist in Crypto
- Cryptoart remakes digital artworks as primarily tokens of monetary worth, content and concept secondary to an asset that has market value.
from “THE ENVIRONMENTAL ISSUES WITH CRYPTOART WILL BE SOLVED SOON, RIGHT?" | Medium by Everest Pipkin
sari added
My web3 fears are that the basis for it all is two artefacts which were already distant to most people: financialization and the 1% art market (art as status or identity exploration which is so hyper 1%). These are potentially alienating bases to start from; where does it mean we can go?
from Expanding Our Cultural Reference Points
Esther Eze added
- Cryptoart recreates some of the worst aspects of existing art markets, pitting the super-stardom of those who have gotten lucky or who already had money and connections to play with against the realities of countless others who will see no such return.
from “THE ENVIRONMENTAL ISSUES WITH CRYPTOART WILL BE SOLVED SOON, RIGHT?" | Medium by Everest Pipkin
sari added
- Cryptoart creates artificial scarcity for digital objects, creating an “original” which can be owned for the purpose of resale.
from “THE ENVIRONMENTAL ISSUES WITH CRYPTOART WILL BE SOLVED SOON, RIGHT?" | Medium by Everest Pipkin
sari added
- We are just starting to see artists of all levels experiment with their own cryptocurrencies to tap into new revenue streams and deeper fan engagement. Performers are embracing it as an alternative to the big tech-owned social media platforms that have been profiting from their labor over the past decade. And much like MTV’s early years, cryptocurr... See more
from fastcompany.com by Fast Company
sari added
- This all means that NFT-based markets can emerge and gain traction quickly, especially relative to other crypto products. This is both because the NFTs themselves have standalone value — you might buy an art NFT simply because you like it — and because NFTs just need to establish value among a community of potential owners (which can be relatively ... See more
from How NFTs Create Value by Steve Kaczynski
sari added
“THE ENVIRONMENTAL ISSUES WITH CRYPTOART WILL BE SOLVED SOON, RIGHT?" | Medium
8 highlights
sari and added
My web3 fears are that the basis for it all is two artefacts which were already distant to most people: financialization and the 1% art market (art as status or identity exploration which is so hyper 1%). These are potentially alienating bases to start from; where does it mean we can go?
from Expanding Our Cultural Reference Points
Esther Eze added