Crypto Art For Beginners Explained

What is Crypto Art

Crypto Art is a form of Art that blockchain technology is used to create. It is also known as blockchain art. Blockchain technology is not just used to create it, it is also used to verify and sell its unique data assets called non-fungible-tokens (NFTs)

NFTs are also stored on the blockchain and they are used to represent anything from art to music, videos, and other musical assets. 

Let us delve into crypto arts for beginners.

How did it all start?

Crypto arts started with memes, a lot of people crypto-artists were trying their hands at different things and memes came to be.

In 2010 it became known as "collectibles" when irreplaceable and unique digital assets became a means exchangeable for money and other digital coins.

While the NFT has now become saturated a lot has happened between 2010 and 2023 with the most expensive NFT ever sold hitting the $90 million mark, known as Merge, sold in December 2021 by digital creator Pak.

The Merge.

How does Crypto Art work?

Crypto arts are created and stored in Blockchain or on a blockchain network, a decentralized ledger that records transactions securely and safely. They are also open source, meaning anyone can access them and verify the transactions recorded on the network.

How to Make NFTs

To create Crypto Art, artists use varieties of software such as 3D modeling, digital painting tools, or video editing software. Once the artwork is created, it is tokenized, making it unique, verifiable, and cannot be duplicated.

It can then be bought and sold on digital marketplaces that support crypto art such as Open Sea, Nifty Gateway, and SuperRare. It is secured in such a way that when a buyer purchases an NFT, they acquire ownership of the digital rights but not the copyright or reproduction rights.

Meaning they can display it anywhere but they cannot make copies of it for commercial purposes 

Pros and Cons of Crypto Art

Pros

They are unique and authentic each item has its encrypted identifier and cannot be duplicated, which makes it highly valuable to collectors who value rarity and authenticity. 

The business is transparent: due to it being created and managed under blockchain technology, the ownership is transparent and the validity of the artwork can be verified. This is put in place to protect the buyer and the seller.

They are a cool source of profit. Crypto artists can easily sell their NFT to source for money and at the same time gain following and as a result the demand for their work increases. 

Cons

Energy Consumption: this process of creating and verifying blockchain transactions  requires a significant amount of energy, This can be a significant concern for individuals who are concerned about the seriousness of environmental sustainability

Accessibility: Not everyone can access crypto arts.  If you are not registered on any cryptocurrency or blockchain technology platform you can not access this feature. This can be a source of headache for individuals who are not familiar with these technologies.

Volatility: Crypto art just like the crypto market has a volatile market, meaning that it can fluctuate significantly. Over time this can be risky to artists and collectors who are looking to earn profit from their NFT investments. 

Beginners who are looking to go into the crypto art market should take note of the volatility and energy required to achieve the successful creation and management of NFTs, considering the world is moving towards ensuring a safe environment for all amidst the climate change crises.

By following the Pros and Cons a beginner can start a successful Crypto Art Campaign.