What do the worlds of art and cryptocurrency have in common? Among other things, the love of the conceptual, evoking emotions and the tendency to confuse admirers. Over the past century we have seen Cubism, starting in the early 1900s, which opened the doors to artistic movements like Surrealism, Abstract, Impressionism and Pop Art. We are now entering a new phase that merges art with cryptocurrency to create hybrid exhibitions with names such as “Bitcoin Art (r)Evolution” in France.
Also Read: Bitcoin Graffiti: How the Economic Revolution Painted the Streets
Buy and sell art using crypto
Modernism in art involves a rejection of convention and a commitment to radical innovation. In the 20th century, modern art movements were fueled by the belief that human society would advance through the spread of democracy, capitalism, and technological innovation. This fits well with cryptography. Bitcoin has anti-capitalist characteristics such as the ability to decentralize banking and grant equal access to funding.
Movements such as fauvismfuturism, constructivismsuprematism, of style and the British art movement, vorticism, have all played a huge role in creative expression. Beneath the “isms” and esoteric jargon lies the belief that anyone can create or enjoy good art. Art is a visual representation of new age revolutionaries, not just for the elite and educated segments of society.
So it’s no surprise that artists are using crypto to buy, sell, and create art. For artists and collectors, understanding the current trends driving the market is essential. Cryptocurrency, and the world it spawned, has infused commodities and slowly invaded pop culture. There are a number of independent art galleries now jumping on the crypto bandwagon. In a London art gallery, part of by Andy Warhol The 1980 artwork “14 Little Electric Chairs” was sold as fractional ownership using cryptocurrencies.
Singapore-based collector Joe Nash sells some of its Australian art collection through Visionairs Gallery, which also accepts cryptocurrencies. Florida based art gallery Lynx Art Collection also accepts payment in bitcoins. Then there are platforms such as Patron which claims to be “the first open blockchain platform that democratizes access to fine art”.
In France, a group of international artists organized a cryptocurrency art exhibition to celebrate its anniversary. nicknamed the“Bitcoin Art (r)Evolution”, it aimed to show “the potential of cryptocurrencies through symbolism and practice” and “illustrate the genesis of this digital revolution”.
Another interesting twist in the art world involves aspiring artists submitting art in exchange for tokens. For example the Beetle experiment created in 2014 is a multi-user collective that uses artificial intelligence image processing to form a unique work of art from a thousand submissions.
The Banksy of the cryptocurrency world
Then there are artists who use crypto as a subject and inspiration behind their creations. In the UK, based in Manchester Active Protesk is part of a new wave of artists using cryptocurrencies. Dubbed the Banksy of the cryptocurrency world, Protesk relies on bitcoin to sell his art.
Recently, amid the yellow vest protests in Paris, a popular street performer called Pascal Boyard, known as Pboy, created a mural depiction of the drama set in France. The painting also features a puzzle containing 0.28 BTC for the one who can solve the mystery.
The art world is rapidly embracing crypto and the movement continues to go from strength to strength. Whether through oil painting, sculpture, street art, graffiti, visual and performing arts or other mixed media, the love of art and crypto continues to brood.
What do you think of the influence of crypto on the art world? Let us know in the comments section below.
Images courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check out our tools section.
Tanzeel Akhtar is a British journalist who has covered the financial markets for over a decade. She writes on all media platforms, from traditional print newspapers to online media platforms such as Bitcoin.com. Tanzeel discovered the concept of Bitcoin in 2012 while listening to a conversation in a London wine bar called The Arches.