|crypto art||Ethereum blockchain||minting||on-chain||Proof of Beauty|
The on-chain blockchain art project Proof of Beauty will launch its Season 1 somewhere in the middle of April. Founder Daniel Sun told in the The Nifty Show podcast that Season 1 will be ‘more inclusive’ and will focus on ‘personal achievements’. He suggested that there will be flexible pricing based on the type of transaction someone wants to mint.
Proof of Beauty is an art project that uses on-chain data to generate an artwork. Art purchasers would need to provide a transaction hash as input, and then the system would generate the artwork based on all kinds of associated data. The result are colorful artworks that are stored completely on-chain. These were sold following a bonding curve, an ever increasing price.
For Season 1 they want to do things differently, even though Sun didn’t go into too many details. “It might make no sense to have expensive prices just to mint your first NFT transaction, but it may make more sense for the first transaction that deposited 32 ETH into an ETH 2.0 deposit contract”, he explained. Proof of Beauty wants to aim for a different target audience every season.
Having art or entire programs on-chain is considered a holy grail among blockchain enthusiasts. The reasoning behind this is quite simple, because a decentralized product is immutable. For example, an exchange powered by the community and running completely on-chain using smart contracts, can’t be shutdown by a government. We can say the same about games, other applications and of course art.
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 blockchain. That way buyers can see how many copies of a certain artwork there are, and whether the product is original. Now, during the NFT hype, we also refer to crypto art as NFT art.
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.