Blockchain Art and Blockchain Facilitated Art Economy: Two Ways in Which Art and Blockchain Collide

Abstract

Exploring the blockchain as a subject, method, and medium, the world of art has embarked on a voyage of technological discovery unlike any other to date. So far, blockchain technology has been embraced by leaders in finance, computer sciences, transportation, bookkeeping and others, to bring efficiency, transparency, and added value to their products and services. The art world is exploring blockchain technology as well, experimenting with it as an art medium, creating art pieces that comment on it, and embracing it as a whole new way to revolutionize how art is being tracked, purchased and sold. In this paper we explore two vast categories in which art and blockchain collide today: (1) Blockchain art, and (2) Blockchain facilitated art economy.