October 2, 2020
$ 100,000 Crypto Art: Record Sale for Artwork on Blockchain
For the first time, a piece of crypto art was sold for $ 100,000 on the Async Art platform, where programmable art is created, collected and exchanged that can evolve over time, react to its owners or follow a stock price. It’s Right Place Right Time & of Matt Kane , a work of digital art that changes every day depending on the volatility of Bitcoin prices. Unlike a “classic” digital work, cryptoart works – always digital files, and therefore, by their nature, can be copied indefinitely without loss of quality – are however inserted into an authentication system managed by software that uses Ethereum blockchain technology and buyers pay in digital currency.