CryptoArtNet, a site devoted to the relatively recent phenomenon of cryptoart, launched in May of 2020. The heart of the project is a directory of artists making cryptoart aka tokenized digital art registered on a blockchain.
Cryptoart collectors, many of whom are the artists themselves, receive a Non-Fungible Token which functions as a digital certificate of authenticity. Such NFTs are a new use case, initially relying on the Ethereum blockchain’s smart contracts, that publicly identify the collector providing visible proof of ownership.
A lively market for cryptoart has emerged featuring thriving platform/galleries such as SuperRare, KnownOrigin and MakersPlace. The emphasis on authenticity and proven rarity, qualities thought lost to a digital world, are apparent in the names of these services that are also key outposts for the movement. Social strongholds of cryptoartists include Twitter, an established Web 2.0 network, and Cent, an emergent Web 3.0 content network.
CryptoArtNet launched in early May, 2020 with a focus on the artists themselves. Its initial feature is a directory of artist listings each with a photo/gif gallery and a wide range of options for linking out to social networks and cryptoart galleries.
Future plans include options for artists to further monetize their work, regular cryptoart news updates and additional resources for the cryptoart movement.
Personal tokens and social currency have been in the news of late. But many don’t know that cryptoartists have been key players in their development.
Inspired by their examples, CryptoArtNet launched its own social currency called CryptoArtCoin or $CRAC with the help of leading social money developer Roll.
Such tokens have a variety of purposes. CryptoArtCoin functions as a form of loyalty points for members designed to reward them for early adoption and ongoing promotion. Initially, $CRAC will be redeemable for upcoming monetization opportunities.
CryptoArtNet’s first CryptoArt News Roundup includes highlights from recent developments in the cryptoart ecosystem as well as notable items about cryptoartists, some of whom are listed on the platform. Much of the commentary, however, focuses on the development of social currencies and personal tokens and their relevance to cryptoart.
Further CryptoArtNet Communications
Clyde F. Smith also posted a more personal take on the development of CryptoArtNet on Cent.
And, yes, a press release was written as well. Distribution of said release was a reminder that a news hierarchy has already established itself in the relevant media space and that attention ultimately accrues to those making money.
We’ll get there!
Keep up with news about CryptoArtNet, $CRAC and the cryptoart movement by subscribing here.
CryptoArtNet also has an active Twitter account for news and status updates.
~Written by Clyde F. Smith~