Disclaimer: I am trying to explain this as simple as possible so ANYONE can understand it.
What is Crypto Art?
Why is Crypto Art relevant?
Crypto Art Platforms
Creating Crypto Art
Crypto art refers to NFTs (non-fungible tokens). Which are crypto-currency tokens, that are not interchangable like normal money but unique. These tokens can be collectibles like digital trading cards, items from games but also art. Now it gets interesting: You can tie a media file like an image or video to one of these tokens so it has its own identifier. Every time this token is changing hands or being manipulated there will be a indestructible entry in this token’s blockchain history. It is like a decentralized eternal signature.
Art in this case, can be digital art, a photo of an original art, a gif etc. Through NFTs, the idea of digital scarcity, ownership and uniqueness allows the art to be considered valuable. It stays tradable and a form of digital asset though. – It’s a way of introducing scarcity and value to art in digital form.
NFTs can be established on all kinds of crypto currencies. Most NFTs are tied to the Ethereum Blockchain though. More will emerge, but right now and probably for a long time Ethereum will be the predominant platform. While the ETH Coins are built on the ERC-20 standard, NFTs are based on ERC-721 or ERC-1155. The ERC-1155 standard is more sleek than ERC-721 and can also be used to represent assets or items across ecosystems of multiple blockchain games. So one asset can be used in multiple games or on multiple websites.
“Ethereum is open access to digital money and data-friendly services for everyone – no matter your background or location. It’s a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications you can use today.” Ethereum is the second most powerful crypto after Bitcoins btw.
What is Ethereum: https://ethereum.org/en/what-is-ethereum/
„While a lot of crypto today is merely about currency speculation, the NFT art market is independent and real. In just the second half of 2020, the volume of artistic NFTs and user-created content sold has grown from $1 million per month to over $20 million per month. That’s a 20x increase in just six months. (…)
An entirely new industry has just been born, and on top of being fun, safe, and pandemic-friendly, it’s remarkably equitable. You can now create a viable creative business no matter where you are, which language you speak, or which banking infrastructure you have access to. All you need is creativity and the internet.“ – Alex Atallah
The fourth industrial revolution is coming, the digitalization will march forth and many will be forced to live and work more digitally than they ever thought they would.
The Great Reset is not a conspiracy theory, it is real and the WEF will try to shape the world the way they think it is most efficient. Super-AI is becoming more god-like every year. Most people are just not informed about what’s going on. When Elon Musk says „AI is a fundamental risk to the existence of human civilization (…)“ you really should be concerned.
While automation will move forward, blockchain tech will become more relevant in the face of the fact regular currencies are getting weaker and weaker (money out of thin air). Specialists are certain about the economy being in big danger – and they even were before the virus (see Max Otte, Dirk Müller, Markus Krall) . Now the measures taken by governments around the globe may often be not medically effective, but they effective in destroying businesses all over the world.
Everything will be restructured, and blockchain technology will become more relevant every year.
Innovations are exploding in the crypto space and it is our best bet on getting a counter-economy going, free from malicious top-to-bottom control. If you love your rights and freedom.
We got to reject top-to-bottom crypto approaches like governmental centralized crypto-currencies and systems of surveillance like ID2020. They try to sell us a global identifier with the bullshit argument of „one in seven people globally lacking a means to prove their identity“. As if the „solution“ had anything to do with the actual reasons for this fact. This is about globally tracking everyone – don’t be fooled.
Just as big data is tracking us through our device fingerprints and our „necessary“ accounts and verifications. Their cookies are everywhere and you become a set of data, a profile. ID2020 is nothing but a plan to destroy the little bit freedom still remaining.
Decentralized and open source applications are the only way if we want to keep our freedoms. No one knows who will have our data in their hands in the future. Really think about the possible dangers!! Don’t be nearsighted here.
How you are already being x-rayed from big data: https://lbry.tv/@RobBraxmanTech:6/signal-unsafe:7
There are many marketplaces for NFTs. Some of which are huge and open to anyone. The most dominant ones are these two:
Rarible is a community-owned platform that offers a variety of digital assets, ranging from digital artwork and domain names to different kinds of collectibles. Users on the platform can use the Rarible Governance Token (RARI) to create customized NFTs. This feature allows artists to create music albums, movies and even books whose ownership is secured on the blockchain. – What I like: You can follow people there.
OpenSea is the first (and largest) peer-to-peer marketplace for crypto goods (like eBay for crypto assets), which include collectibles, gaming items, and other virtual goods backed by a blockchain. On OpenSea, anyone can buy or sell these items through a smart contract. – What I like: You can create NFTs for free.
NOTE: Your Wallet (where you store your crypto currencies) will be including those NFTs too. So when you log into one of the marketplaces you will see those listed in your profile.
On the other hand you also have (highly) curated platforms too. They approve of every artist and handpick pieces to be featured. Most of these are based on Ethereum, but more platforms based on other tokens are sprouting. To give you a list for later use or to check them out:
Some platforms are storing the Meta Data of an NFT off-chain so it is more easily accessible (further info here).
And one is special: Async is a NFT marketplace where you can have layers of an image minted (turned into an nft) as well and thus giving the owner of the master image and the layers the ability to manipulate the composition. Or you can program certain functions like having the light change with the time of day etc. Crazy shit and it is full of possibilities!
Disclaimer: Of course you got a higher collector-density on curated platforms and a better chance to get found. But you also have to pay gas fees and fees for setting up NFTs get bigger with higher prices.
At least this has become more easy, compared to what you had to do years ago. There is a clever firefox plug in called Metamask, with which you can log into all kinds of crypto platforms and dApps (decentralized apps). Your wallet is like your identity. You use it to buy and sell, to send and receive crypto. It is easy to set up!
Getting a crypto wallet: https://metamask.io/
„Play Store“ for dApps: https://www.dapp.com/
All platforms offer a minting tool, where you upload any media file, give it attributes and a description and then tie it to a unique token for ever. You will still hold the copyright as creator, but this NFT will be the „digital original“. Anyone minting the same media later on is obviously exposed as a fraud. On curated platforms as Foundation, MakersPlace etc you have to verify you are the actual artist behind the art before you get verified or accepted. Even though also Opensea messages you on social media accounts to see if you are the guy behind the account on there (if you want to verify).
The token will after being minted have its unique signature and will be traceable. Ownership, transfers and price changes are all tied to the NFT.
Normally you always pay a gas fee when minting a NFT, as you do with any transaction on the Blockchain. That’s because there must go money to the infrastructure and the people doing all the computation. But Opensea has now released a new Collection Manager:
It works by not directly creating the NFT on the Ethereum blockchain as ERC-721 tokens but creating them as ERC-1155 Tokens. A different standard as mentione before, which enables them to not have you pay any gas until the NFT gets bid on or bought.
Gas is the fluctuating price that miners charge to write new data on a blockchain. Depending on the demand the gas price goes up or down (can be 15$, can be 80$).
The gas fee is charged in GWEI, that’s like a tiny fraction of an ETH. The lowest the gas fee goes is around 50 GWEI. That’s when you should mint your NFTs on other platforms or when you want to „list“ your items on Opensea.
You can also scale up or down the gas fee you want to pay. More gas fee means faster transaction, lower gas fee means slow transaction. But don’t go down too far or it gets risky to get lost.
Checking the current gas price: https://ethereumprice.org/gas/
„To get your collection verified, click the Edit button mentioned above on your collection, scroll to the bottom, make sure you read and fulfill the requirements, and then click Submit for verification.“
This will take 1-2 days, but it’s worth it. You’ll get a dandy blue badge next to your username and your items will appear on the marketplace. Opensea will contact you and check out you are the actual creator of the profile and collection (through your social media account).
After you’ve created your NFTs as ERC-1155 Tokens in a collection they are listed on your profile but are not yet visible to the marketplace and also are not transfered to your wallet so they can appear on other dapps or sites you log in with your wallet.
That means they are not tied to the blockchain yet. To tie them to the blockchain you need to sell them, get bids on them or „list“ them.
Of course you could also just share your profile and get offers on your items. The problem here is to get potential collectors see your works.
If you want to give them a fixed price or set up an auction you need to pay the regular fees (gas + opensea). But through that it will be officially listed and tied to the blockchain.
Those biddings and offers can only be done with wETH, not with ETH. wETH is Wrapped Ether. What the heck is this and why not pay with ETH?
Well well, the original ETH proto-token is not compatible with the ERC-721 standard that is being used for NFTs. ERC-20 was established later on and did not exist when Ethereum was set up. But „steps are being taken to update the ETH codebase to make it compliant with its own ERC-20 standard. (…) ERC-20 may be replaced by other standards as problems and solutions arise. There’s already a ERC-223 in the works.“ quoting weth.io.
Trading ETH for WETH: https://relay.radar.tech/
My crypto profile:
I got my wallet addres up there and an overview of the NFT sites I’m on. Right now you can see my Crypto Art only on Opensea.
Opensea Collection Manager: https://opensea.io/blog/announcements/introducing-the-collection-manager/
More detailed read: https://opensea.io/blog/guides/non-fungible-tokens/
Very good article on NFTs: https://academy.binance.com/en/articles/a-guide-to-crypto-collectibles-and-non-fungible-tokens-nfts