Where Did Blockchain Art Begin
Let’s start where it begins, with a project called crypto punks and the beginning of an amazing era that has only just begun for blockchain art. Crypto punk are 8-bit images on the blockchain that can be traded and exchanged 10,000 unique collectable characters with the proof of ownership on the blockchain. Crypto punks are the first non-fungible tokens and inspired the ERC-721 token standard, this standard would go on to be the bases for all projects like ours.
Next up we have everyone’s favourite frog Pepe while he has become an associated with the alt-right and trump Pepe didn’t start out that way he/she started as a silly meme but soon became the poster boy for the infamous message board 4chan blockchain art was starting to heat up and Rare Pepe became a huge hit a homer Pepe selling for over 30k USD. Even now if you look up rare Pepe there is a market place for them and even their own crypto Pepe cash. I believe the concept of Rare Pepe was to make it possible for creators to benefit from their meme’s while still remaining anonymous, not sure how that worked out, but it was incredibly interesting.
Now we come to the project that truly launched the space to the moon and crashed it all at the same time blockchain art it was not yet called, and these projects never set out to be art exchanges, but this is the direction they moved into. Crypto kitties rose just like bitcoin did in just a small amount of time the top ten cats all selling for close to or above 100k USD. But within a few weeks, the cats became worth very little less than 1 USD on average. One may be thinking silly people why they would buy such a thing well in September 2018 almost a year on from the just in prices the most expensive crypto Kittie ever sold for 170k USD and everyday crypto kitties turns over 60k USD so to say that this was just a fad would not just be wrong but totally asinine.
Next wave in 2018 we see the launch of art exchanges dealing with artwork factionalised and sold million-dollar Andy Warhol’s have been listed and sold to multiple buyers. But physical art is so 20th century welcome RARE art, super rare, known origin and us the Blockchain Art Exchange you could call them our competitors I would prefer we think of them as team members all contributing to this artist movement. We all have different approaches and different art but all of us share the commonality of wanting to help artists with a new tool to help sell their art online on a new type of art exchange