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Crypto art (also stylized as CryptoArt or Cryptoart) is a category of art related to blockchain technology.
Emerging as a niche genre of artistic work following the development of blockchain networks such as Bitcoin and Ethereum in the mid to late 2010s, crypto art quickly grew in popularity in large part because of the unprecedented ability afforded by the underlying technology for purely digital artworks to be bought, sold, or collected by anyone in a decentralized manner.
While there isn't one agreed upon definition for the term, two common interpretations currently exist among crypto artists and their collectors. The first, regarding crypto-themed artworks, or those with subject matters focusing on the culture, politics, economics, or philosophy surrounding blockchain and cryptocurrency technology. The second, and more popularized definition, includes digital artwork that is published directly onto a blockchain in the form of a non-fungible token (NFT), which makes the ownership, transfer, and sale of an artwork possible in a cryptographically secure and verifiable manner.
However, confusion can often arise when attempting to formally define crypto art since gray areas and nuance make it somewhat difficult to do so. For example, blockchain technology has also been used to publicly register and authenticate preexisting physical artworks to differentiate them from forgeries and verify their ownership via physical trackers or labels. Whether or not such artworks could be classified as crypto art is unclear.
Ascribe launches in June, using Bitcoin’s blockchain to help artists claim ownership of their work
Verisart launches in July to "use the Blockchain to verify the authenticity of artworks" by building a worldwide authenticated ledger of works.
In May, Curio Cards launches, creating blockchain collectables similar to digital trading cards. The cards are produced in limited quantities and each belongs to a unique series of #1-30, created by 7 different artists.  Curio Cards are referenced in the ERC-721 token standard  and are considered by many to be the first Art NFTs on the Ethereum blockchain. Rediscovered in 2021, the project has recently surpassed 3,300 ETH (~$8,580,000) in market volume on OpenSea. 
In June, CryptoPunks launches. As early implementations of NFT contracts on the Ethereum blockchain, CryptoPunks represent a limited set of 10,000 algorithmically generated, low-resolution, portrait-style, digital figures.
In November, Cryptokitties launches. The online game of collecting, breeding and selling virtual cats in the form of NFTs on the Ethereum blockchain had recorded more than $1 million in transaction volume within a week.
On 14 February 2018 artist Kevin Abosch's virtual artwork "Forever Rose", consisting of a single ERC-20 token on the Ethereum blockchain, sold to a group of ten art collectors for a record-breaking USD$1 million.
In January 13th, the first Rare Art Fest (RareAF), an annual festival dedicated to crypto art, is held in New York City. Louis Parker and Jason Rosenstein held a Rare Pepe auction at the event, in which the "Homer Pepe" card, an NFT collectible featuring the image of a Pepe-styled rendition of Homer Simpson, sold for $39,200.
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- ^ Locke, Taylor (June 2, 2021). "Sotheby's will Auction a CryptoPunk NFT next week, and it could sell for millions of dollars" . CNBC.
- ^ Kinsella, Eileen (June 10, 2021). "Sotheby's 'Natively Digital' NFT Sale Lands at $17.1 Million, With More Than Half the Total Racked Up in the Final Minutes" .
Information as of: 22.08.2021 10:59:51 CEST
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