Cryptocurrencies including bitcoin are increasingly used to buy art. Blockchain, the technology underlying them, also interests the art world. Illustration: Henry Wong
Buying art with bitcoin, authenticating it with blockchain – art world cottons on to cryptocurrencies
The art world sees trading art using cryptocurrencies as a way to draw in tech-savvy new collectors, and blockchain both as a way to guarantee artworks’ provenance and sellers’ ownership of them, and to raise funds from investors
Topic |
Bitcoin
Cryptocurrencies including bitcoin are increasingly used to buy art. Blockchain, the technology underlying them, also interests the art world. Illustration: Henry Wong