CryptoArt: A Democratic Platform

CryptoArt has opened the door for anyone with internet access to become a recognized artist. There is no requirement for prestigious art degrees, professional accolades, or features in renowned publications like The New Yorker. This platform empowers anyone with a passion for creating art to share their stories and make their mark, regardless of background or experience. It embodies the original ethos of cryptocurrency, shifting power back into the hands of the creators.

While some platforms require an application to showcase art, this process is more about verification than exclusion.

CryptoArt in the Digital Realm

CryptoArt is considered to be rare and unique digital creations, commonly referred to as "Rares." These artworks are displayed on various online curation sites for auction or immediate purchase using Ethereum, a popular cryptocurrency. Many artists in this space are digital creators, producing everything from intricate 3D designs to enchanting animations. The range of artwork varies from stunningly detailed pieces to whimsically simple designs.

Artists like Cory Van Lew, who traditionally paint on canvas, have also adapted to this digital landscape. Cory employs a Near Field Communication (NFC) tag to connect a digital version of his physical artwork to the internet. This technology allows buyers to scan a physical piece of art with their smartphones, directing them to the digital listing on platforms such as SuperRare. As an added incentive, Cory often includes the original physical artwork with the purchase of the digital version.

Prominent CryptoArt platforms include SuperRare, Nifty Gateway, and Known Origin, which feature vibrant communities of creators and collectors. While these sites require an application to submit artwork, platforms like Opensea enable artists to share their work without such barriers.

Payment Through Cryptocurrency

Most CryptoArt platforms operate using Ethereum as the primary currency. For artists, this means that the initial compensation for their work can appreciate significantly over time. For instance, if an artist received 1 Ethereum for a piece of art a year ago, that payment would have been roughly $140. If the artist chose to hold on to that Ethereum instead of converting it to cash, it would now be valued at around $1,650. This dual opportunity not only allows artists to earn but also positions them as crypto investors, highlighting the remarkable potential for profit.

Setting up in this space is straightforward. All one needs is a cryptocurrency wallet, such as Exodus, which is free and user-friendly, along with an account on a trading platform like Coinbase to exchange cryptocurrency.

The Vibrant CryptoArt Community

Curiosity led me to pose questions about CryptoArt on Twitter, where I was met with enthusiastic responses from fellow creators eager to share their insights. The community is incredibly supportive, which contrasts sharply with the often toxic environment found in traditional art circles. There is a palpable sense of camaraderie, with artists celebrating each other's successes as collective victories rather than viewing them as competition.