Model 3, oil painting by federacion45. 3 properties that make #CryptoArt valuable and desirable.
Artwork credit: federacion45
What is CryptoArt?
CryptoArt/NFTs are a revolutionary new way to buy and sell digital art in limited editions with the power of blockchain technology.
Why CryptoArt is valuable?
#1 CryptoArt is super rare
One of the key innovations of CryptoArt is to artifically limit the number of copies/editions of each piece of CryptoArt. Once the number of editions is set, it cannot be changed any more.
#2 CryptoArt can have a (commercial) usage license attached to it
In the future blockchain technology will also be used to trade usage licenses in a transparent and traceable way. NFT Showroom (a digital art marketplace website for CryptoArt) already attaches a usage license to each NFT, and lets the artist select whether to sell a private or commercial license.
#3 CryptoArt is easily tradeable like crypto
Finally, CryptoArt makes it possible to easily buy and resell digital art, just like cryptocurrencies are traded online nowadays.
CryptoArt is still Art
Besides the unqiue properties of CryptoArt, traditional factors that make art valueable in general still apply to CryptoArt.
These are first and formost the reputation of the artist, the desireabilty of the artwork itself, and lastly its utility.
New addition to my CryptoArt collection, Model 3 oil painting in full wild color by painter and animator Federico aka federacion45.