In this blog, we curate relevant and remarkable content related to blockchain, cryptocurrency and the digital economy. This interesting article by KEVIN O’BRIEN published on Bitcoinist highlights that, “artists are bringing the digital nature of cryptocurrency to life by creating and displaying eclectic and unique pieces that draw inspiration from the buzz around virtual currency.” Read on.
“The art world has long been regarded as a stodgy traditional institution that is merely a place for the wealthy. Rapid changes in the technological sphere are now getting people in the industry to think about when these two worlds will collide.
A growing number of artists have been viewing cryptocurrency and blockchain technology as a good opportunity to investigate and experiment ideas related to value, the digital world, and abstraction.
Their ensuring works seem to be the start of a new art culture that draws inspiration from popular virtual currencies like Bitcoin.”
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For the longest time since paper money has been invented, traditionalists have always had a consistent definition of what a currency is. According to Investopedia, a currency is “a generally accepted form of money, including coins and paper notes, which is issued by a government and circulated within an economy. Used as a medium of exchange for goods and services, currency is the basis for trade.”