Fewocious just turned 18 years old as she sold more than 373 thousand dollars worth of crypto art through digital art platform Niftygateway. The crypto artist did four different types of auctions with different artworks, once again capitalizing on her creative talent. The cheapest ones sold for 350 dollars, while the most expensive one was auctioned for 35 thousand dollars.
For a very limited time art collectors could buy an open edition for 350 dollars. This happened 267 times. In addition 192 collectors bought a one thousand dollars open edition. Five silent auctions sold for more than 10 thousand dollars each, while the auction of an unique one-of-a-kind artwork sold for 35 thousand dollars.
In real life Fewocious goes by the name of Victoria, and she’s an energetic presence in the crypto art space. In the past twelve months her works have gained lots of traction in the crypto art space. According to CryptoArtPulse Fewocious sold more than 134 ETH worth of art in 2020. That would only be the unique artworks with only one digital print. At the current rate that would be more than 134 thousand dollars. Multiple copies and secondary sales aren’t counted in this amount.
The success of the crypto art drop isn’t only the work of Fewocious, but also a bit of the art platform Niftygateway. They’ve been onboarding lots of talented artists over the year, including WhIsBe and Momo Wang. In recent months Niftygateway has been making headlines. Their biggest launch without a doubt was the one by Beeple. His artworks sold for a combined 3.55 million dollars.
What is crypto art?
Crypto art or digital art has been around for many years. However, without the existence of blockchain technology it was impossible to verify authenticity and rarity. Now digital art is connected to a token on the Ethereum blockchain. That way buyers can see how many copies of a certain artwork there are, and whether the product is original.
The concept of seeing a digital image as art, is one thing. However, for many people it will be a challenge to consider digital images as valuable. Consider this: The Mona Lisa is worth many millions of dollars. If I would paint the Mona Lisa in an exact copy, it would be worth only 50 dollars. Because we all know where the original version is. Being able to verify the authenticity and rarity of a piece of art is crucial.
Some people don’t care about the Mona Lisa. It’s just a painting. They are happy to download an image for Google Images, print it on canvas and hang it in their living room. Others want the real deal. The same rules go up for digital crypto art.
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Robert Hoogendoorn is a gamer and blockchain enthusiast. He got in touch with crypto in 2014, but the fire really lit in 2017. Professionally he’s a content optimization expert and worked for press agencies and video production companies, always with a focus on the video games & tech industry. He’s a content manager and creator at heart, working on Play to Earn and for a variety of third party magazines and websites.