We know the world of digital and crypto art has a lot of terms and concepts that are new to those with a background in traditional arts. 

The following is a list of the most frequently asked questions about art and the blockchain.

What is the blockchain?

Let's start with the big one. Plug the question into Google and you'll get any number of attempts at an answer. Blockchain is like the net of a soccer goal, like DNA, like our “pattern of thought”, like Google Docs (this one's actually pretty good).

But it's not nearly as complicated as these extended metaphors would have you believe. Seriously.

The blockchain is a method for digital record-keeping that doesn't require a central authority to verify its data. That's it.

Obviously there's a lot more complexity when you get into the actual execution of making those digital records secure, but that's it. It's also a deceptively simple idea, because the potential applications for the blockchain are seemingly infinite.

Imagine your bank without any wire fees or ATM charges; a digital music file that can't be pirated from a musician; or Facebook without Mark Zuckerberg. Theoretically all of these things are possible (as well as some admittedly preposterous ideas) because of blockchain technology.

How does blockchain technology work?

The blockchain is built upon a suite of different technologies (asymmetric cryptography, peer-to-peer architecture, algorithmic processing) that fundamentally does one thing: allowing the network to establish proof of ownership of digital assets.

Blockchain is built on a series of "blocks" (surprise) that describe a history of all network transactions or transfers of ownership. As new transactions come in, they are added to the ledger, and a large group of distributed computer systems works to verify that the data are correct (also known as mining).

Nikita Shokhov

An award winning artist, Shokhov uses a special technique to merge 40 seconds of movement into a single frame. Moving objects are morphed, while static elements keep a sense continuity. See more of his work here

Blockchain technology was the creation of Satoshi Nakamoto, a developer (or group of developers) who published their now legendary white paper in 2008. The technology is believed to be a response to that year's world financial crisis — as such, its initial concern was to create an international currency outside the control of banks.

And so the blockchain's first use case, also invented by Satoshi, was Bitcoin — a scarce form of electronic money that can be sent from user to user without an intermediary's involvement.

 

What is the Ethereum blockchain?

As adoption of Satoshi's technology grew, engineers quickly found new applications for the blockchain outside of currency. But the specific infrastructure behind the Bitcoin blockchain wasn't equipped to put many of these ideas into action.

Enter Vitalik Buterin, who in 2013 published a white paper outlining the idea for a blockchain platform that could also execute a newly developed programming logic (he was 19-years-old at the time). Suddenly the blockchain could do more than record financial transactions; with the Ethereum blockchain it was now possible to run decentralized apps (or dApps).

Don't let the nomenclature there throw you off — a dApp is nothing more than an application like Uber or Facebook, but one that can be run without a centralized control.

 

What is a token?

Tokens are the easiest way to think of ownership on the blockchain. Whereas Bitcoin is intended as a currency, however, tokens have a wide breadth of applications — they can be used to pay for data transfer, as an incentive to participate in a network, or give someone the right to use a copyrighted photograph.

They are secured by "smart contracts", lines of code that dictate the terms of use for those tokens.

How can I buy cryptocurrency?

In the United States, the simplest way to buy cryptocurrency is through Coinbase, a simple-to-use US dollar to cryptocurrency exchange for Bitcoin, Ethereum, and several other cryptos.

 

What is a digital wallet?

So you've bought some Ethereum from Coinbase… now what? While it's possible to let your newly purchased cryptocurrency linger on the Coinbase exchange, if you want to ensure that your crypto is safe(r) from the hands of hackers, you'll need to move that Ethereum over to a digital wallet.

 

The most popular software-based digital wallet is MetaMask — you can learn how to install it on your desktop here: https://metamask.io/.

Denis Ouch takes his mural style artworks and creates fresh and thought provoking digital art. His “Saviors” NFT sold for 8ETH at the Bridge to Metaverse exhibition. See more of his work here.

Art and the Blockchain:

How can blockchain technology help artists?

In the past, everything that was touched by digital technology very quickly lost its value, because it was endlessly duplicable and protected by often inadequate rights management tools. In other words, it's wonderfully democratic, but it's also a terrible way for an artist to try to make their living.

The blockchain, however, introduces digital scarcity and verifiability to our interconnected world, allowing artists to use the internet's seemingly infinite distribution channels while still protecting their work, their income, and their copyright. Moreover it's also possible to introduce features such as royalty payments to every sale of a piece of art on the blockchain, which means artists can benefit from recurring revenue from their most successful pieces, something that was previously unheard of as artists historically have been locked out of the secondary market.

 

How could the blockchain be used with physical art?

To date, the blockchain's relationship with physical art has been largely driven by provenance — using the blockchain's etched-in-stone ledger to track the sale and purchase of art pieces. While the integration of physical and digital is often slow, we believe that there is a great deal of potential for blockchain to have an even more transformative effect on physical art pieces — we've just got to wait for a visionary artist to show us how.

 

What are the applications for blockchain and digital art?

Would you believe us if we told you they're pretty much endless? Blockchain is still in its infancy — think the internet of 1994 — which means the capabilities for the technology have yet to be fully understood or imagined. We’re hopeful that blockchain technology will allow digital art to flourish, gaining wider acceptance among collectors, critics, and a general audience.

 

Why is Snark.art using the blockchain?

We believe the blockchain has the potential to transform the way art is made, sold, and experienced. While digital art has used the blockchain to manage provenance and ownership, and early ventures in art and blockchain, have been technologically impressive, we see an opening to use the technology as a medium, marrying blockchain with poetic content and aesthetics, to produce intellectually sophisticated projects.

 

Does Snark.art have a token?

We do not, at least not a generic Snark.art token. For 89 seconds Atomized, we have tokenized each video atom using the ERC721 standard. 

How could the blockchain be used with physical art?

To date, the blockchain's relationship with physical art has been largely driven by provenance — using the blockchain's etched-in-stone ledger to track the sale and purchase of art pieces. While the integration of physical and digital is often slow, we believe that there is a great deal of potential for blockchain to have an even more transformative effect on physical art pieces — we've just got to wait for a visionary artist to show us how.

 

What are the applications for blockchain and digital art?

Would you believe us if we told you they're pretty much endless? Blockchain is still in its infancy — think the internet of 1994 — which means the capabilities for the technology have yet to be fully understood or imagined. We’re hopeful that blockchain technology will allow digital art to flourish, gaining wider acceptance among collectors, critics, and a general audience.

The Garbage_2

Recycle Group

Combining physical, Augmented Reality and digital NFT, Recycle Group takes important societal deposits, garbage, and elevates them to museums. See more of their work here.

Why is Snark.art using the blockchain?

We believe the blockchain has the potential to transform the way art is made, sold, and experienced. While digital art has used the blockchain to manage provenance and ownership, and early ventures in art and blockchain, have been technologically impressive, we see an opening to use the technology as a medium, marrying blockchain with poetic content and aesthetics, to produce intellectually sophisticated projects.

 

Does Snark.art have a token?

We do not, at least not a generic Snark.art token. For 89 seconds Atomized, we have tokenized each video atom using the ERC721 standard. 

 



Before you go, here are some more options that might be interesting for you:

1: Are you looking to collect physical or digital (NFT) art works from established artists? Check out our highly curated gallery space here: www.snark.art

2: We recently hosted an online gallery opening with several roundtables with industry leaders in both crypto and digital art. Check out the gallery and the replay here: metaverse.snark.art

3: Follow us on the Social Media of your choice to find out when new investment grade artists join our platform:

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