With Bitcoin celebrating its 10th anniversary, a series of artworks are being released to mark the fundamental shift from fiat to digital currencies that it initiated.
Thomas Crown Art, the world’s leading art-tech agency, is merging the worlds of art and cryptocurrencies in pieces from various established artists and street artists that “capture the growing revolution.”
Stephen Howes comments: “Bitcoin, which celebrates its 10th anniversary on 31 October, has been truly transformative and is responsible for possibly the largest shake-up to the financial system in 100 years.
“It began what history will teach us will be as influential a revolution as the internet was in the mid to late 1990s.
“Although Bitcoin remains the world’s largest and most influential cryptocurrency, there are several other major digital tokens, including Ethereum and XRP.
“The future of money is, undeniably, digital and decentralised. Whoever thinks that we will still be using mainly traditional, not digital, money in the next decade is kidding themselves.”
He continues: “Artists have always been inspired by revolutions and by ideas that disrupt convention. Indeed, we have much of our knowledge of the past thanks to art in its many different forms.
“This series of crypto mixed media art captures the revolution. It highlights the disruptive element, the enormous positives, as well as the yet still unrealised potential that this fundamental shift from fiat to digital currencies offers.”
Mr Howes goes on to say: “However, this revolution is arguably even more relevant to the art world than others.
“This is because cryptocurrencies and blockchain, the underlying infrastructure on which cryptocurrencies like Bitcoin and Ethereum are based, directly and positively impact artists, collectors and galleries alike.
“It allows for the provenance data to be recorded on an immutable, decentralised ledger and enables the artworks themselves to be tokenized for them to be traded.”
Stephen Howes concludes: “As Bitcoin goes into its second decade, and as cryptocurrencies become ever more mainstream, this will undoubtedly be further reflected in the world of art.