The Influence of Blockchain on The Digital Art Market

digital art

Innovation and singularity are some of the main factors that make us fall in love with any of the 7 different forms of art. However, these two features are often challenged if we are talking about the art on the internet, where the proliferation of unauthorized digital copies, in most cases, makes it impossible to prove the ownership of an artwork.

What has been looked for recently is a solution to this widespread problem and, at least we hope so, the solution might be knocking on our door. This solution might be the blockchain technology that provides a possibility to limit the number of copies, which is set by the artist and to create unique non-fungible versions of the digital artwork. So, what is so innovative about this type of technology for digital artists?

Certainly, platforms that use blockchain allow artists to register their masterpieces in a database, writing all the important information about the origin and the copyright. One of the most famous platforms that use this type of technology is Verisart, founded by Robert Norton. This company uses blockchain to save and protect evidence of creation and ownership to ratify the authenticity of artwork, which brings new business opportunities for both artists and collectors. Trading on some of the platforms that use blockchain has been made easier and free and these are exactly some of the reasons why blockchain is a convenient phenomenon in digital art.

Eve Sussman
Digital artist, Eve Sussman

Another thing that makes blockchain a perfect fit for digital artwork publishing is an option to create infinite fractions of each piece of open digital art space for creative purposes of the technology.
A great example of this is found in the collaboration between one of the most famous digital laboratory, Snark.art, and an established and popular artist, Eve Sussman. During their collaboration, they have obtained an original Ethereum-based masterpiece, 89 seconds Atomized, has been brought at Alcazár, in Spain, and then transformed with the purpose to be collected and interacted with in a new conceptual way.