What is crypto art and how does it work?

Crypto art is an emerging market that revolves around digital artworks traded on blockchains as non-fungible tokens (NFTs). Each piece of crypto art is unique and represented by an NFT with its own value. Blockchain and Crypto Art Bitcoin promised to challenge the traditional financial market, but what about fine art?

How much is the crypto art market worth?

According to data from CryptoArt.io (yes – there’s a Coinmarketcap-like website for the crypto art sector), the total value of the market is almost $90 million, with more than 67 thousand artworks sold to date. CryptoArt also monitors the most successful crypto artists.

How can you invest in crypto art?

How Can You Invest in Crypto Art? There are online marketplaces where you can browse through digital artworks and buy what you like. You can call them galleries. Besides the esthetical aspect, buying crypto art may be a good investment.

Who are the most popular crypto artists?

The digital artist produces video content and concert visuals for celebrities like Eminem and Nicki Minaj and is currently the most popular crypto artist. Beeple, whose real name is Mike Winkelmann, has sold over 800 artworks for more than $9 million in total.