Love it or hate it, a piece of performance art is now in permanent residence on the Ethereum blockchain. So is it worth watching? As Cointelegraph reported, earlier this week a quarantine-inspired performance art film called HOW ARE WE was hashed and minted into a non-fungible token on the Ethereum blockchain. The project also minted…
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With the ongoing digitalization of the world, NFTs may become a very viable solution for tokenizing ownership and property. Blockchain technology is widely associated with the exchange of interchangeable digital assets, from payment systems like Zcash (ZEC) and Libra to platforms like Ethereum and Substrate, using what are known as fungible tokens. An item that…
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Cointelegraph reviews a digital art show inspired by a series of articles examining the space where cryptocurrency and climate change collide. Selva Ozelli is an international tax attorney and regular contributor to Cointelegraph. She gives her expert opinion on a range of subjects, including how cryptocurrency and blockchain technology can both positively and negatively impact…
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Digital music store eMusic launched its eMU token to help musicians earn more royalties. Pioneering digital music store eMusic has launched its eMU token to help musicians earn more royalties. According to an announcement published by eMusic on May 26, the firm launched its token with the aim of creating a sustainable music ecosystem. The…
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The creator of Art For Crypto sells his pieces for only 1 BTC, but thinks crypto art is an investment with just as much potential as coins. Speaking at Virtual Blockchain Week in front of one of his colorful yet hypnotic canvas pieces, Vesa Kivinen, the creator of Art For Crypto, suggested crypto art could…
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Bitcoin artist “Bnoiit.c” has created an Ethereum-based virtual museum that ensures censored artworks are immutably preserved for an online audience. Bitcoin artist “Bnoiit.c” has created an Ethereum-based virtual museum “Cryptovoxels” that ensures censored artworks are immutably preserved for an online audience. In its collection as of Aug. 25 has been a Bitcoin mural by French…
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Verisart, a company that certifies art authenticity through blockchain, raises $2.5 million to further expand its commercial platform.
Verisart, a company that certifies art authenticity through blockchain technology, has raised $2.5 million to further expand its commercial art platform.
In an Oct. 3 article by Techcrunch, it was announced that Verisart raised $2.5 million in seed financing led by Galaxy Digital EOS Fund, alongside investment firms Sinai Ventures and Rhodium.
The funding will go toward expanding Verisart’s product and engineering team and will make it possible to launch a whole range of services aimed at artists, galleries and collectors. Verisart’s CEO Robert Norton said:
“With this new round of funding, we’re able to scale our business and ramp up our partnership integrations. The art world is quickly realizing that blockchain provides a new standard in provenance and record-keeping and we’re looking forward to extending these services to the industry.”
Verisart, which per the report is the first company to apply blockchain technology to the physical art and collectibles market, allows artists to create digital certificates that verify and track the provenance of a specific art piece as it gets stored on the Bitcoin blockchain.
Cointelegraph reported in August that South Korean art-focused blockchain project ArtBloc conducted a fractionalized ownership sale of two paintings by popular British painter David Hockney. ArtBloc introduced the blockchain-enabled fractionalized ownership sale of the David Hockney’s paintings in Seoul on Sept. 19.
