Crypto Art: A Decentralized View

Author:

Franceschet Massimo1,Colavizza Giovanni2ORCID,Smith T’ai3,Finucane Blake4,Ostachowski Martin Lukas5,Scalet Sergio6,Perkins Jonathan7,Morgan James8,Hernández Sebastián9

Affiliation:

1. Massimo Franceschet, Department of Mathematics, Computer Science, and Physics, University of Udine. Email: massimo.franceschet@uniud.it.

2. Giovanni Colavizza, Department of Media Studies, University of Amsterdam. Email: g.colavizza@uva.nl.

3. T’ai Smith, Department of Art History, Visual Art and Theory, University of British Columbia. Email: tai.smith@ubc.ca.

4. Blake Finucane, Department of Art History, Visual Art and Theory, University of British Columbia. Email: blake@blakefinucane.ca.

5. Martin Lukas Ostachowski, ArtbyMLO. Email: martin@ostachowski.com.

6. Sergio Scalet, Hackatao. Email: sergio.scalet@hackatao.com.

7. Jonathan Perkins, SuperRare.co. Email: jperkins@pixura.io.

8. James Morgan, KnownOrigin.io. Email: james.morgan@blockrocket.tech.

9. Sebastián Hernández, the Momus Collective. Email: sebdecentr@protonmail.com.

Abstract

Abstract Crypto art is limited-edition digital art, cryptographically registered with a token on a blockchain. Tokens represent a transparent, auditable origin and provenance for a piece of digital art. Blockchain technology allows tokens to be held and securely traded without the involvement of third parties. Crypto art draws its origins from conceptual art—sharing the immaterial and distributive nature of artworks, the tight blending of artworks with currency and the rejection of conventional art markets and institutions. The authors propose a collection of viewpoints on crypto art from different actors within the system: artists, collectors, gallerists, art historians and data scientists. A set of emerging themes and open challenges surfaces.

Publisher

MIT Press - Journals

Subject

Computer Science Applications,Music,Engineering (miscellaneous),Visual Arts and Performing Arts

Reference7 articles.

1. J. Bailey , “Rare Pepe Wallet & the Birth of Crypto Art,”Artnome (25 January 2018): www.artnome.com/news/2018/1/23/rare-pepe-wallet-the-birth-of-cryptoart (accessed 20 August 2019).

2. B.P. Finucane , “Creating with Blockchain Technology: The ‘Provably Rare’ Possibilities of Crypto Art” (Master’s thesis, University of British Columbia, 2018). The Artist’s Contract, a legal document and work of art published by Siegelaub in magazines worldwide, is more formally known as The Artist’s Reserved Rights Transfer and Sale Agreement.

3. “The Dematerialization of Art,”;Lippard;Art International,1968

4. “Escape Attempts,”;Lippard,1973

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