Since digital art can be so easily copied, how can it be a good investment?
One of the most copied paintings in the world is Pablo Picasso’s 1955 painting Les femmes d’Alger (Version ‘O’) and you can buy prints of it on eBay for $20 or so. But there is only one original which fetched $179.4 million dollars in a recent Christie’s auction.
How can you have only one original digital painting, though? Until very recently you couldn’t. But now, with blockchain technology, you can. The original is the one in the possession of the registered owner and has an irrefutable provenance. This makes the registered owners digital file the indisputable original. No forgeries are possible.
I am offering a few of my digital paintings as single edition files registered with ascribe.io’s blockchain technology. As an extra twist, the paintings can only be purchased with bitcoin.
Check out my gallery here: http://mikyo.com/shop/
For more information about ascribe.io’s technology, please visit their FAQ page here: https://www.ascribe.io/faq/
For more information on this exciting new technology and its wonderful potential, please read this fantastic book by the Tapscotts:
“The first generation of the digital revolution brought us the Internet of information. The second generation—powered by blockchain technology—is bringing us the Internet of value: a new, distributed platform that can help us reshape the world of business and transform the old order of human affairs for the better.
Blockchain is the ingeniously simple, revolutionary protocol that allows transactions to be simultaneously anonymous and secure by maintaining a tamperproof public ledger of value. Though it’s the technology that drives bitcoin and other digital currencies, the underlying framework has the potential to go far beyond these and record virtually everything of value to humankind, from birth and death certificates to insurance claims and even votes.
Why should you care? Maybe you’re a music lover who wants artists to make a living off their art. Or a consumer who wants to know where that hamburger meat really came from. Perhaps you’re an immigrant who’s sick of paying big fees to send money home to loved ones. Or an entrepreneur looking for a new platform to build a business.”