The art world will help raise the price of Ethereum, possibly to $500 by the end of the year, according to Ian Mcleod of art-tech agency Thomas Crown Art. “People are going to be very interested in seeing what happens with this new technology,” said Mr. Mcleod, who has been involved in several ICOs and is now working on a blockchain He said the technology allowed the permanent storage of an artwork’s record to help future authentication. Mcleod added that in terms of everything apart from price Ethereum was “light years” ahead of Bitcoin and the gap would become more apparent.
The art world will help raise the price of Ethereum, possibly to $500 by the end of the year, according to Ian Mcleod of art-tech agency Thomas Crown Art. He said the price of the digital currency would be helped by an increasing number of industries including antiques, property and finance turning to blockchain technology. He said the technology allowed the permanent storage of an artwork’s record to help future authentication. Mcleod added that in terms of everything apart from price Ethereum was “light years” ahead of Bitcoin and the gap would become more apparent.