Earlier this month, Christie’s auction house announced the sale of a digital portrait of the Bitcoin code for more than $130,000 when the first estimated price was $12,000–$18,000. It was the first time a nonfungible token was auctioned at one of the major auction houses for traditional art.
One of the last events, Bridge to Metaverse, presented by Snark.art, showed tokenized artworks by both established and emerging contemporary artists. A group exhibition brought leading artists of our time — the Kabakovs, Kendell Geers, AES+F, Recycle Group and others — to the blockchain space, and a series of panel discussions worked as a bridge between the traditional and blockchain-based art worlds with its own systems of distribution.
One criticism of the crypto art market has been the perceived naivety of the works. Although people were being distracted by the emergence of memes and CryptoKitties, there have also been some serious artists who have made their presence felt in the crypto