3 Properties That Make #CryptoArt Valuable

3 Properties That Make #CryptoArt Valuable

2020-10-22 19:34 | Comments: 0

Model 3, oil painting by federacion45. 3 properties that make #CryptoArt valuable and desirable.

Artwork credit: federacion45

CryptoArt: Model 3 by 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.

Model 3

CryptoArt: Model 3 by federacion45

New addition to my CryptoArt collection, Model 3 oil painting in full wild color by painter and animator Federico aka federacion45.

Proof Of Art

federacion's Gallery

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