Four Industries That Will Boost Cryptocurrency Adaptation in 2019

Crypto traders and investors are always seeking different ways to build adaptation in the cryptocurrency community. As crypto lovers agree that the technology is still in its early infancy and will need to evolve well enough to be considered more than just a bubble, which will further ease the process of regulatory, adaptation comes to mind as the only factor that would make this happen.

The ideal world imagined by crypto fans is one where cryptocurrency becomes a universal currency and to achieve that, massive adaptation has to become a milestone that the cryptocurrency space achieves as often as possible. While cryptocurrency can function in any industry, these four have shown themselves to be not just some of the most effective 2018 but has also created a pathway for continuation in 2019.

Art/Entertainment

The entertainment industry has been one of the most flexible industries that shines the spotlight on cryptocurrencies. Most users declared that their knowledge of crypto was birthed from movies and comedic pieces that portrayed the unsteady movement of the cryptocurrency market. From as far back as 2014, the entertainment industry has been pioneering Bitcoin and crypto in general.

Visual art has also been a strong tool that deploys the swift and easy to use the technology of crypto to purchase iconic artworks. Earlier this year, a visual art painting of late Andy Warhol valued at $5.6 million was auctioned for sale via Bitcoin.

Luxury

The art of purchasing luxurious belongings through cryptocurrencies has been in the limelight since 2013 and this tradition is not slowing down anytime soon. Arguably one of the most promising ways to build adaptation in the crypto space revolves around this. It was earlier revealed that the Lamborghini has seen an upsurge in crypto payments, this comes as no surprise seeing that the Lamborghini is an emblem of wealth in the crypto space. Swiss watch brand also made a big move this year after releasing its $25,000 luxurious “P2P” wrist watch which was exclusive to BTC users. This trend will definitely boost user adaptability come 2019. Even CZ of Binance went on to commend Hublot’s marketing strategy, expressing his interest in having a watch for the Binance BnB token sometime later.

Tech

Seeing that 2018 began with leading tech companies boycotting cryptocurrency ads and ended with some of these very same companies going as far as developing their own coin, it is no doubt that tech companies are coming to terms with the usefulness of cryptocurrencies. In 2019, this growth is only certain to increase as more and more tech-related firms have continued to eye crypto. One notable trend of 2018 was the act of purchasing tech products via cryptocurrencies. HTC also fully adopted this pattern when it released its 2018 mobile phone flagship dubbed “Exodus 1”. Not only was it accompanied by the Zion digital wallet, but it was also exclusive to BTC and Ether users only.

Sport

It is still perplexing to know that even if sports remains one of the most lucrative industries for digital technology to thrive, cryptocurrency and sport is still largely limited to gambling, which is not the best route to gaining more users. However, this industry is likely to boost the crypto scene in 2019 seeing that exchanges and tokens are getting more involved in bridging the gap between crypto and sport. Recently, Tron’s Justin Sun had sparked rumors of merging Tron and Basketball when he revealed his guest appearance for the niTron event. Most recently, the Litecoin network is also partnering with Ultimate Fighting Championship (UFC) for the upcoming 232 matches.

Conclusion: As these industries continue to shape the path for massive adaptation in the cryptocurrency, diversification is becoming more than just a myth. And this goes on to prove that cryptocurrency is here to stay.


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Author:  Adrian Klent
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Snark.art Brings Blockchain to Visual Art with New Collaboration with Eve Sussman

Snark.art, a digital laboratory for blockchain-based art, has unveiled its first artistic collaboration with artist Eve Sussman. The new art piece, called 89 Seconds Atomized is an attempt to introduce and illustrate the concept of collective ownership, the company said on Wednesday.

89 Seconds Atomized is a re-invention of Sussman’s acclaimed video artwork, 89 Seconds at Alcazár, which attempts to capture the moments before and after the image depicted in the seminal work Las Meninas. The 1656 painting by Diego Valezquez is one of the most analyzed and discussed works of art in history, and widely considered one of the most important.

Created with Rufus Corporation, the original 89 Seconds at Alcazár video premiered at the 2004 Whitney Biennial. For Snark.art, Sussman has digitally shattered the last artist’s proof from 89 Seconds at Alcazár into 2,304 digital blocks, or “atoms”. Each atom is 400 pixels of the entire visual frame with an approximately 10-minute duration, the total running time of the video with the complete multilayered soundtrack.

“Collaborating with Snark.art has been a process of reimagining what it means to distribute an artwork in an entirely different way,” said Sussman. “The exciting part of this experiment really begins once all the atoms are dispersed to the new community of owners and they need to collaborate to bring the video to life as a whole.”

All atoms will be available for purchase for US$100 each using credit card payment or cryptocurrency on Snark.art’s website starting November 30. Collectors will be able to buy up to ten pieces atoms, receiving a unique digital signature proving ownership.

Following the sell-through of 89 Seconds Atomized, the piece will live on through the community of owners. While the owner of an individual atom will be able to screen the content of that particular piece at any time, the complete set of 2,304 atoms will only be able to be pieced back together through communal screenings at the request and approval of all owners.

Should an owner wish to screen the complete video, he or she will be able to request a loan from the entire community for a specified period of time. If all owners agree to the loan request, the complete video will be shown. However, should any owners reserve the right to not participate in the loan request, the screening will have atoms missing.

Founded in 2017 by Andrey Alekhin, CEO, and Misha Libman, head of product, Brooklyn-based Snark.art is a blockchain laboratory exploring creative and commercial possibilities of the technology in art. It works with international artists, curators, and artistic partners to create blockchain-based art.

“We started Snark.art to engage both the art and blockchain communities,” said Alekhin.

“Artists are by nature experimenters, and digital artists in particular are often at the forefront of new media practices. The community behind blockchain is similarly experimental and conceptual. Instead of working in parallel, Snark.art will engage both communities to identify new use projects for blockchain as an artistic medium.”

Some of Snark.art’s future collaborations include not-for-profits For Freedoms and Pioneer Works, projects by curator Sara Raza, as well as artists Tommy Hartung, James Clar, Simon Lee, among others.

The first work, scheduled for 2019, is Fortune Cookie, an experimental poetry project initiated by a writer known only by the moniker Mr. Fox.

Speaking about his aspirations for Snark.art, Libman said in an August post:

“I would love it if one or a few of our projects fundamentally changed how blockchain technology is viewed. It’s become so difficult to have an impact on people. All eyes are on a cell phone or a laptop — this is a new reality, and we could really do something quite incredible with that. Something that could have resonance globally.

“If something we did got the attention of that global audience, actually moved them emotionally, aesthetically and made them rethink the way they live, they think — that’s my dream.”


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Author: Diana Ngo
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Cryptocurrency Enthusiasm Is Fueling A New Eclectic Arts Culture

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.

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.

Popular Crypto-Art

One of the better-known examples of ‘crypto art’ is Kevin Abosch’s Stealing The Contents of This Wallet Is A Crime.

The piece was part a project called ‘I AM A COIN.’ The project had Abosch creating 10 million ERC-20 ‘IAMA’ coins. 100 of them were stored “in” the aforementioned artwork, which was publicly displayed until the tokens were stolen.

Some crypto-inspired works of art have fetched relatively high prices at auction. Based off of Robert Indiana’s LOVE work, cryptograffiti created a series of serigraphs on “used central bank” money bags that substituted LOVE for HODL.

One of the serigraphs later sold at auction for $8,000 to crypto-connoisseur Mike Novogratz. At a separate auction, cryptograffiti had a piece called “Terrible Store of Value” sell for $33,000.

 

The work was intended as a response to when JP Morgan’s Jamie Dimon called Bitcoin “a terrible store of value” in January 2014.

It depicts Dimon in a “disintegrating state, mirroring the public’s trust towards traditional banking institutions,” according to cryptograffiti’s website.

HODL was part of a series of pieces being auctioned off in May 2018 that all centralized around cryptocurrency.

Other auctions at the event included a painting from UK-based Terry Cook, who simply paints cryptocurrency symbols. Cook, who thinks its “natural that art and blockchain technology intersect,” saw his work Ethereum go for $2,800.

Cryptocurrency Graffiti Becoming More Popular

Even though some works of crypto-themed art have been fetching high prices at auction, some other artists have been more than happy to show off their creativity and talents for free.

In February, Instagram user ‘thisisludo’ posted a work of street art asserting how Bitcoin was bringing “power to the people” by sending the banking system to its death.

Another artist, Pascal ‘PBOY’ Boyart, has been painting QR codes to his street murals that invite admirers to send him Bitcoin $6706.44 +-0.0%. According to The Next Web, Boyart has received more than $1,000 in digital currency from some of his fans.

Now, Boyart is part of an upcoming artists’ celebration called Art (r)evolution that is paying homage to Bitcoin’s 10th birthday.

Those in the exhibition have been challenged to explore how digital currencies can impact relationships with audiences. Attendees will have the opportunity to buy works with virtual currencies like Bitcoin, Litecoin, Ethereum, and Monero.


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Author: Kevin O’Brien
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