September 25, 2020
NFT's & Crypto's High-End Art Market
If you look at the above screenshot of Matt Kane’s work, it just looks like a cool piece of Bitcoin art. What’s under the hood is what makes it interesting. Kane wrote an algorithm that’s tied into a BTC pricing feed. Every 12 hours, the algorithm updates the piece based on Bitcoin’s volatility from that day, which you can see on display in this GIF.
In addition to being an evolving work of art, there are a few other components that make this interesting. For one, Kane has retained an ownership token that allows him to fine-tune the piece over time – a novel aspect of NFT based artwork that allows the artist to retain some level of control over the work. Artwork no longer has to remain static, and instead, can adapt and evolve as an artist builds upon their work over time.