What is cryptoart, how much does it cost and can you hang it on your wall?
by Patrick Lum and Lucy Clark from on (#5EYGE)
When is a meme worth $600,000? When technology has created a unique' version that can't be owned by anyone else
Pat, I keep hearing references to cryptoart which are all very ... cryptic. What is this thing?
Hey Lucy! So you might have heard of it in context of the $US600,000 Nyan Cat gif or the more recent Kings of Leon NFT Album, both of which are examples of cryptoart. Cryptoart is a way of making digital art unique, and therefore - according to some people - valuable. Normally, digital art is very easy to replicate due to the very nature of digital information. So cryptoart is a way of making digital files one-of-a-kind.
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