The rise of virtual currencies is inspiring new work by young artists and crypto-artworks are now achieving relatively high prices with online auctioneers, liveauctioneers.com. Executed on an old bank deposit box, "Terrible Store of Value", a response by artist Cryptograffiti to JPMorgan boss Jamie Dimon's dismissal of cryptocurrencies in 2014, fetched $33,000 this year. Cryptocurrency has been around for years, but the technology behind it was only recently made available as a means of payment. It depicts Dimon in a “disintegrating state, mirroring the public’s trust towards traditional banking institutions,” according to cryptograffiti’s website. Related article: Crypto Artists Unlock Value With Lambos, Kitties and Blood
The rise of virtual currencies is inspiring new work by young artists and crypto-artworks are now achieving relatively high prices with online auctioneers, liveauctioneers.com. Executed on an old bank deposit box, "Terrible Store of Value", a response by artist Cryptograffiti to JPMorgan boss Jamie Dimon's dismissal of cryptocurrencies in 2014, fetched $33,000 this year. Cryptocurrency has been around for years, but the technology behind it was only recently made available as a means of payment. Related article: Crypto Artists Unlock Value With Lambos, Kitties and Blood