- Next week an art gallery in London will start accepting payment in crypto-currencies.
- It may seem an artsy gimmick—the policy is timed to coincide with an exhibition of sculptures crafted from the engines of retired Formula One cars—but virtual money does offer the art world some practical perks.
- Many see art as the last unregulated market; crypto-currencies such as bitcoin, which permanently record transactions on an open-source database called a blockchain, could resolve concerns about access, transparency and authentication.
- As with many transformative technologies, though, the currency is also inspiring artists more directly.
- These abstract currencies may soon be the art world’s reality.
Next week an art gallery in London will start accepting payment in crypto-currencies.
Continue reading “Chain gang: art and crypto-currencies 2017-07-08”