Digital art is increasingly gaining traction in the contemporary art world. Phillips’s last two “Paddles ON!” auctions, which showcased digital formats ranging from GIFs to video game screenshots, have been well received. Blue-chip galleries are on board too; Pace Art + Technology, a new 20,000-square-foot space in Silicon Valley, is dedicated solely to digital media. Digital art collectives—Japan’s teamLab being the most prominent—have also sprung up.
Most importantly, prices are rising. In 2003, Cory Arcangel’s Super Mario Clouds, a wall projection birthed from a hacked Nintendo chip, sold for $3,000. Last year, an edition of that same piece went for $630,000. Still, the question remains: How can a gallery sell digital content as investment-grade art when it already exists online and can be copied like a Google Doc? The answer is blockchain, the same computer technology that serves as the public ledger for bitcoin transactions around the globe.
Source: These Four Technologies May Finally Put an End to Art Forgery
Anyone who has ever posted a photograph or original piece of artwork on the internet knows that credit is fleeting. No sooner is it pinned, retweeted or shared then any metadata or watermark linking it to its source is stripped away or simply left behind as it spirals across social media platforms. By the time it reaches the end of the viral chain, even if someone wanted to offer proper attribution that information is all-but impossible to find.
A growing number of entrepreneurs are starting to tackle the issue of digital attribution and authentication, however, by leveraging the Bitcoin blockchain.
This month, New York-based Blockai and Los Angeles-based Verisart went live with new services that allow creators to register their works on the blockchain to create a permanent, indelible record certifying their patrimony and ownership.
The startups join a growing list of blockchain-based authentication services targeting the graphic arts, including Monegraph, ConSensys, ascribe, Stem, Mediachain and others. Just as the blockchain provides an open, self-verifying and decentralized ledger of Bitcoin transactions, it can also be used as a self-verifying database of other types of time-stamped events, such as the registration of a copyright. Continue reading “Fighting Fraud And Piracy With Blockchain”