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What is cryptoart?

March 29, 2023
What is cryptoart?

You may be hearing a lot lately about cryptoart, one of the latest buzzwords as it relates to blockchain technology and crypto assets,  but what is cryptoart exactly? the term refers to digital art creations that use NFT tokens as unique identifiers that can be traced and used as proof of ownership. Up until recently, just a couple of years back, artists were confined to the physical world and their digital creations were worthless to some extent. That is because anyone could copy and paste, email, or download digital files without having a way to tell an original from its copy. Those times are gone now and at StadioPlus, we believe the future laying ahead looks promising for everyone involved; we mean artists, collectors, and investors of digital arts. Keep on reading, so we can tell you more about it.

Thinking about what makes art valuable, we could say that uniqueness, rarity, and the artist behind the art are of utmost importance when determining the value of an art piece. For instance, an oil painting on a canvas can never be copied or replicated in the same way, and it can only be owned by one person; it is nonfungible as in Non Fungible Tokens (NFTs). If the artist is well known, the painting also becomes more valuable. It is also worth noting that crypto art may take other forms such as music, animations, videos, images, or a mix of digital media.

NFTs have come to change the art world and how we think about art. It is also an opportunity for many artists to get credit for their work and continue developing their art. The fact that some crypto art has sold for quite a lot of money is amazing as well.  The famous example of all is the art piece called “Everydays: the First 5000 Days” by Beeple which sold $69.3 million at the renowned auction house, Christie’s. Other examples that sold for big sums include the famous crypto punks, the apes from the Bored Ape Yacht Club, and many others.

Sports-related crypto art by StadioPlus

At StadioPlus, we take cryptoart even further by merging the world of sports and NFT blockchain technology, two exciting and very compatible fields. We have partnered up with renowned digital artists to bring to life iconic sports moments of the XX and XXI centuries. At Stadio, you will find artistic creations that pay tribute to the most famous players and their most notable achievements. We believe that crypto art as it relates to sports will continue to expand as more fans and artists become more familiar with NFTs and their capabilities. 

Our goal is to make StadioPlus the biggest NFT platform for sports joining the world of digital arts and sports. If you still have any questions on what is crypto art, don´t hesitate to visit us at StadioPlus. We´ll be glad to answer your questions and welcome you into our community. Also, join us on our social media channels, Twitter Stadioplus and Discord StadioPlus.