Cryptocurrencies in the art world
Olivier Sarrouy devised an experiment to explore how a cryptocurrency could relate to scarcity in the art market. “Ready Made Token” was auctioned as a unique unit of a cryptocurrency made from Ethereum’s technology and attracted four bidders.
Turning memes into blockchain assets
- CryptoKitties, a company that facilitates the trading of virtual cats, has attracted almost 37,000 Ether in transactions.
- Digital collectibles have gained popularity in the analogue art world.
- Cryptocurrencies have little utility; now the blockchain can be used as a medium for art.