What do the art and cryptocurrency worlds have in common? Among other things, the love of the conceptual, evoking of the emotions and the tendency to confuse admirers. Over the past century, we have seen cubism, starting in the early 1900s, which opened the doors for art movements like surrealism, abstract, impressionism and pop art. We are now entering a new phase that fuses art with cryptocurrency to create hybrid exhibitions with names such as the “Bitcoin Art (r)Evolution” in France.
Buying and Selling Art Using Crypto
Modernism in art connotes a rejection of conventions and a commitment to radical innovation. In the 20th century, modern art movements were fueled by a belief that human society would advance through the spread of democracy, capitalism and technological innovation. This dovetails nicely with crypto. Bitcoin has anti-capitalist features such as the ability to decentralize the banks and grant equal access to finance.
Movements such as fauvism, futurism, constructivism, suprematism, de stijl and the British art movement, vorticism, have all played a huge role in creative expression. Beneath the ‘isms’ and esoteric jargon is a belief that anyone can create or appreciate good art. Art is a visual representation of new age revolutionaries, not just for the elite rich and educated segments of society.
It comes as no surprise, therefore, that artists have been utilizing crypto to buy, sell and create art. For artists and collectors it is critical to understand the current trends that drive the market. Cryptocurrency, and the world it has spawned, has infused products and slowly invaded pop culture.