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Crypto Artist Continues to Innovate with Tokenized Street Art Sale 2020-05-25

Crypto Artist Continues to Innovate with Tokenized Street Art Sale

A French crypto artist will go down as the first person to sell a tokenized wall mural. For some time now, Pascal Boyart has specialized in pieces of street art inspired by crypto assets. The first part of the mural cost 25 Ether, with the second part going for a similar amount, but the sale was commissioned on a later date.

According to a number of sources, the renowned artist from Paris has tried monetizing his work in various ways, besides using the traditional art gallery. Notably, his murals feature Bitcoin and other cryptocurrency addresses on public addresses. The idea behind it was that potential buyers and passersby would reward their favorite artists with tips. At the beginning of 2019, a big fan of Pascal Boyart’s work donated an entire Bitcoin, then valued at $4,000.

Many industries are gradually adopting the crypto revolution as an alternative to existing payment and banking option. For example, while users of different platforms like Betway98 casino continue to enjoy a variety of verified payment and withdrawal options, it does not end there. Customers are looking for diversity, and that could be what led to Boyart’s famous step.

Monetization of artwork by Boyart has been consistent, with the latest idea involving getting the ownership of street art pieces tokenized, and using blockchain technology to check for the legitimacy of any claims of ownership. Using this technology is currently being mooted by several sectors, but it is yet to be universally adopted. Top betting brands like Betway avail universally accepted technologies.

Half of Boyart’s first collectible was sold to Alistair Milne, a popular figure in the crypto business. He paid 25 ETH, which at that time was estimated to be somewhere below $5,000 in value. The collectible bought by Milne was titled “Daddy, what’s money?”, portraying a painting of a young boy with a wondering face. The title was written in French.

Inspiration

Several projects have made attempts to tokenize various works of art, but Boyart remains a native sensation. He has been able to create some of his top works last year, and his love for blending talent with his love for Bitcoin is out of this world. Tokenizing his art happens to be the latest of a series of sponsorships he has discovered.

Artists inspired by crypto have been doing pretty well recently, thanks to donations and social media marketing. The same artists form a major part of a puzzle where private keys are used to access different works of art. It has been confirmed that, at one time, a prominent puzzle secured a 5 BTC bounty.

In the case of Boyart, the use of coded private keys ensured that they were securely hidden, and were only accessible when visiting the real mural. A part of the important key was hidden in the painting strokes, with the other part written in UV paint that could only be seen through black light.

The success of Pascal Boyart in tokenizing his art works is not only inspirational, but also creative. It is a concept that will be applied in many other platforms, once people realize how viable it is. As more industries continue to absorb cryptocurrency into their trade, we’ll be looking forward to more innovations. In the betting industry, for example, Betway88 has put in place several payment options for convenience purposes.

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