A Crypto Artist Sells His Latest Digital Art Piece For About $1,703 On Blockchain Art Social Network
On May 31, it has been reported that Osinachi’s piece reflects on the violence that unraveled in an American city of Mediapolis, and was sold in less than six hours at an auction.
'I Can't Breathe' is up on @SuperRare_co A part of the proceeds will go to the Black Lives Matter (@Blklivesmatter) movement Bids for the piece starts at 7Ξ. Given the urgency, each offer up to this reserve has to stand clear for 1 hour before I accept.https://t.co/0nSANach0n pic.twitter.com/UVMjNod4wV — Osinachi 🎨 (@Prince_Jacon) May 30, 2020
However, according to the artist, part of the proceeds will go to a notable cause.
“Part of the proceeds from this NFT will go to the Black Lives Matter movement.”
It has been analyzed that Osinachi was the first-ever Nigerian artist to showcase artworks at the Ethereal Summit in New York in 2018. He was also shortlisted for the Bridgeman Studio Award 2019.
Crypto art can be seen as an investment with just as much potential as any other cryptocurrency coins and tokens.
Each artwork on the SuperRare is genuinely created by an artist in the network, as they are then backed by Ethereum blockchain to verify the origin and trace the entire history of the piece.
Crypto artist sold “I Can’t Breathe” art piece for crypto and partial funding will go for a cause https://t.co/Kkbox77A3h — Cointelegraph (@Cointelegraph) May 31, 2020
The art piece was tokenized as a non-fungible ERC-721 token, a crypto-collectible digital item, which can either be traded or held as long term investment since it’s a token that is as unique as the artwork itself.
Thus, artists can choose to either put their creations up for an auction or sell at a set price.