In 2021, encrypted art, as a new collection method of digital art, has attracted our attention. As of the first three months of 2021, the total transaction volume of the NFT market has exceeded 1.5 billion U.S. dollars, an increase of more than 2627% from the previous month, and more than millions. The NFT works of has been sold, and the blockchain technology is drawing a brand new cultural industry map. Does this mean that encryption art has moved into popular culture? What is encryption art, when and where did it originate, and in what form will it exist and develop in the future?
Copyright has always been a pain point for artworks. We know that digital GIFs and MP3s are easy to copy and do not need to be referenced or attributed to the original creator. Outside of law enforcement, there is no way to track the copyright of artworks and trace the footprints of artworks.
With the birth of the blockchain, people have seen the value of the encrypted economy, and encrypted art has also emerged. It is supported by blockchain technology. Artworks are confirmed or stored on a decentralized blockchain. Really owned, the artist can not be restricted to a third party or an intermediary for distribution. Anyone (regardless of race, nationality, geographic location) can trade, transfer, and even destroy.
In the early days of the formation of cryptographic art, artists used cryptocurrency transaction scripts to create creations, and their works could be permanently retained on the blockchain ledger. Due to the limitation of the number of bytes in the script, the works mostly exist in the form of ASCII characters. Nowadays, encryption art is not limited to the form of pictures, it can be animated gifs, images, and programmable art forms have also been developed.
The birth of crypto art is much earlier than buying paper wallets on the cryptoart website. In fact, in the early days of blockchain, people bought and sold artworks on forums, but it really entered the public’s field of vision, or from the 2017 CryptoPunks project. Start talking on the line. CryptoPunks are 10,000 non-homogeneous tokens…