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How I Bought A Planet On The Blockchain

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Screenshot of recently sold CryptoPunks taken on Larva Labs
Behold my planet in all its glory! | Screenshot taken by me

Imagine you could directly pay an artist to create a unique piece of art. When you look to buy generative art, you don’t see the piece that you’ll buy. You see a short text description from the author and you view previous creations.

How do we price art? Often, how much people want to pay for it determines the price. I see it as a way to diversify my Ethereum investments (and also own a planet). If you like a piece of art, you like the artist and its platform, why not buy it?

The elusive Zombie Punks | Screenshot taken on Larva Labs

Like other early forms of technology, aspects of blockchain mining are resource-intensive. However, Art Blocks has taken the initiative to use a ‘proof of stake’ rather than a ‘proof of work’ system. Miners are rewarded with transaction fees rather than block rewards. This means it’s a lot less computationally intensive.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://medium.datadriveninvestor.com/how-i-bought-a-planet-on-the-blockchain-e2698de4adbb?source=rss——-8—————–cryptocurrency

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