With the world’s upcoming release of Facebook’s Cryptocurrency, all eyes lately have been on Bitcoin with a over $3,000 USD gain over the past week. All eyes have been looking at the possibilities of the Blockchain, and what has been happening underneath the scene is quite amazing. Digital artworks have been exploding in popularity, starting with Cryptokitties last year, but now contemporary artists have been jumping onto the scene, with gallerists and famous artists trying to pick up the pieces and learn the Cryptoart collectable scene. People are opening their pockets, and new superstars are being born with collectors making amazing gains too, with recent stats put out by Superrare:
Average gain by collector, 200%, with over 600 ETH earned by Artists within the first year. Some artists have already came into some pretty big numbers.
As a collected artist for the last 20 years, I have been to and worked in museums throughout the world, visited art fairs in Europe, Asia and America, and worked in high-end art megas in the world, taught in institutions , and to be frank I’m pretty sick of the Art-World. It’s all about who you know, and how you rub elbows with those people. This digital art project aims to bring art and collectables to everyone, and to create more household names like Andy Warhol, Salvador Dali and Picasso. But this time, it isn’t institutions or powerful individuals who are controlling the scene. This time, it’s in the blockchain, and all the transactions are open and available to the public. Powered by the Ethereum Ledger, these transactions between Artists and Collectors are powerful indicators of truthful purchases, trades and sells that opens up a brand new economy of Art. Art that can be put into everyone’s pocket. This is an incredible opportunity for artists, individuals, financial institutions across the world and basically turns the art-world on it’s head. People will start to question their art dealers, their art Basels, their crappy Miami Beach tent shows. And artists will start to realize the value of their work and the impact that their reach can have throughout the world.
Established markets, like Christies and Sothebys might start getting some competition soon. When the internet can show off a collector’s prizes, anyone can become famous collectors with influence. When the internet can show off all of an Artist’s work it creates revenue for work beyond just digital work, linking a physical and digital connection, but it also gives meaning and enhances the reach of their work and their meaning. We’re just discovering this new medium, and there's a lot more to learn. There's a lot of things that I haven’t touched on here, but it’s an exciting new development and I urge everyone to start to follow these amazing artists that are developing this, from all over the world from London, France, New York, Shanghai, California, Miami.
I’d like to share with you my recent creation, that was influenced and inspired by the protests going on in Hong Kong, to help raise awareness about this situation and the failure of this government.
Currently in Hong Kong, there are millions of protestors in the street, demanding that this group of islands remain free from the Mainland communist China. In Mainland China, most are unaware of the desperation of the youth that are fighting for their free lives. The Headlines from the New York Times reads, “Hong Kong Police, Once Called ‘Asia’s Finest,’ Are now a Focus of Anger — — -With the world watching, they tear-gassed and beat largely peaceful demonstrators and fired rubber bullets at them(the protestors)” https://www.nytimes.com/2019/06/24/world/asia/hong-kong-police-protest.html A testament to the flight of capital leaving Mainland China, much finding its way out through capital controls with cryptocurrency, allowing a repressed nation to slowly spread its wings. It looks like its us versus them man. The free world versus Big Brother. Damn…..
Please Follow me on Instagram and Twitter @BigComicArt for updates about this and other Crypto-Art World developments, and collect my artwork which has been providing collectors with much insight and return in value.