When is a meme worth $600,000? When technology has created a ‘unique’ version that can’t be owned by anyone else
Pat, I keep hearing references to cryptoart which are all very … cryptic. What is this thing?
Hey Lucy! So you might have heard of it in context of the $US600,000 Nyan Cat gif or the more recent Kings of Leon NFT Album, both of which are examples of cryptoart. Cryptoart is a way of making digital art unique, and therefore – according to some people – valuable. Normally, digital art is very easy to replicate due to the very nature of digital information. So cryptoart is a way of making digital files one-of-a-kind.