Artists bringing Virtual Currencies to life
Many artists globally, are starting to look at cryptocurrency as inspiration for their work, hoping that it will help increase the popularity of the industry.
Crypto – Art
‘Stealing the Contents of This Wallet Is a Crime’ by Kevin Abosch’s is a well-known example of Crypto – Art. The leader piece was part of ‘I AM A COIN’, the project during which Abosch created 10 million ERC-20 ‘IAMA’ coins.
Many of his and similar pieces sold out quickly and at high prices. Robert Indiana, the artist who created ‘LOVE cryptograffiti’, recently sold one of his serigraphs. His revolutionary art was bought by crypto-connoisseur Mike Novogratz at an auction for $8,000.
Meanwhile, another cryptograffiti was sold at a separate auction for the value of $33,000, and was named the ‘Terrible Store of Value’. This work was intended as a response to JP Morgan’s Jamie Dimon statement ‘Bitcoin is a terrible store of value’ in January 2014.
Later on, several auctions were organised during HODL in May 2018, where a painting by Terry Cook was sold as well. Terry, a well-known UK-based painter works only with cryptocurrency symbols. He believes that it is ‘natural that art and blockchain technology intersect’.
Whilst some art pieces connected to cryptocurrency are being sold at high prices, a lot of artists choose to show their talent for free. Last February an Instagram user posted a work of graffiti showing Bitcoin bringing power to the people. This work was also seen as a threat to the existing banking system.
At this moment, it seems that this art is getting its own admirers as well. Pascal ‘PBOY’ Boyart has received more than $1,000 in digital currency from fans after painting QR codes on his street murals. This code invited admirers to send him BTC. Currently, Boyart is part of an upcoming artists’ celebration paying homage to Bitcoins’ 10th birthday.
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