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. It’s an ideal use-case for distributed ledger technology as it offers the ability to store a permanent, immutable record of artwork at the point of creation which can be used to authenticate registered works by any party.” 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. “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.