In 2020, in addition to the significant growth in the DeFi field, the digital art market has also developed outstandingly. Artists have new ways to showcase their talents in new markets, and more and more creators are discovering the benefits of cryptocurrency and blockchain , Many more radical artists have also advocated the integration of decentralized encrypted tokens into the world of digital art, and the market's interest in non-alternative tokens (NFT) is also surging, and this enthusiasm will continue to develop into 2021.

In the NFT field, Dai has achieved very good results, and it continues to be the currency of choice for the NFT digital art and culture market. Stable and composable decentralized stablecoins are ideal crypto tokens for this space because they are versatile, price stable, and have access to the growing Ethereum economy.

“Creators, especially digital artists, are discovering new web3 tools that help them expand their thinking and provide a direct connection to collectors and communities,” explained Jen Senhaji, Business Development Specialist at the Maker Foundation. Excited to see how artists and others in the creative industry continue to embrace stablecoins and NFT technology as they create, trade and sell their work on the blockchain."

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Sarah Zucker

Sarah is a Los Angeles-based writer and artist who built a successful career in traditional art before getting excited about the potential for digital art and NFT innovation. Her work explores humor, psychedelia, mysticism, and the interplay between modern and obsolete technology, and she accepts xDai as payment for her work.

According to Sarah Zucker, "Distributed/decentralized stablecoins have the potential to play a significant role in the art market. It will be interesting to see how they can be incorporated into crypto art best practices as a way of regulating valuations, thereby enabling artists to , collectors and platforms benefit.”

Painter's column: http://www.sarahzucker.com/

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Snake

Snark.Art is a technology lab dedicated to exploring the creative and commercial possibilities of art on the blockchain and helping the artists they work with to create NFTs and market their images. The project first supported and sold stablecoins on OpenSea's marketplace in late 2020.

Snark.Art co-founder Misha Libman said the platform's name was inspired by Lewis Carroll's "The Hunting of the Snark." That poem is a metaphor for pursuing an elusive or unattainable goal. In the case of Snark, the powerful but sometimes elusive appeal of blockchain technology to artists.

“Stablecoins allow artists to experiment with the blockchain, but avoid the uncertainty of pricing works in volatile currencies like ETH or BTC.” — Misha Libman, co-founder of Snark.Art

Art column: http://snark.art/

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Vancouver Biennale / Art 2020

Last November, the Vancouver Biennale, a major biennial public art exhibition, hosted #ArtProject2020, a virtual art and technology fair that explored the latest technologies impacting the art world. Dai and NFTs were introduced to a non-crypto audience at an event organized by artist Jessica Angel.

“Art is a mobilizing force with the power to bridge worlds that seem disparate from each other, and #ArtProject2020 provides proof of how crypto-finance and creativity on the blockchain can work towards a common goal.”

- Jessica Angel, founder of #ArtProject2020

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Cargo Build (Cargo.build)

Cargo.build enables artists to generate, batch, manage and sell NFTs on its platform, reducing barriers for artists to enter the digital art space.

“Dai was our first choice when choosing to add a stablecoin to the Cargo platform. We wanted to give creators and collectors the option to buy NFTs with a stable cryptocurrency,” explained Cargo.build co-founder Sean Papanikolas.

'Mystic Hill' by artist russd is listed on Cargo's marketplace

Creators on Cargo.build can even keep content safe in collections that only the owner can unlock. For example, owners of Ziggy's Move can unlock original high-resolution images of animated productions.

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Bryan Brinkman

Bryan Brinkman is an animator and visual effects artist whose credits include Saturday Night Live, The Tonight Show Starring Jimmy Fallon, and other popular shows.4Over the years, he transformed his digital images into a variety of nature artworks, but struggled with big gallery commissions and other fees. After learning about NFTs and the passionate community of crypto artists and collectors in the movement, Bryan realized the appeal of stablecoin payments to more volatile crypto options and traditional methods of art sales. He accepts Dai's work "Rarible".

“With a stablecoin, a collector can see a piece of art and understand its value instantly. With ETH, price fluctuations can make it difficult to understand how much an item is actually selling for relative to USD. For someone new to crypto , this kind of math can be confusing," says cartoonist and visual effects artist Bryan Brinkman.

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Kate Vass Galerie

Positioned at the intersection of art and technology, Switzerland's Kate Vass Galerie (KVG) is on a mission to bridge traditional and digital art. The gallery exhibits physical artworks in Zurich and welcomes online visitors to its digital exhibitions. KVG launched the #WomenSupportingWomen project at the Vancouver Biennale in November 2020, which promotes gender equality in the art world. The project accepts cryptocurrency donations.

Alessia Realis Luc, gallery manager at Kate Vass Galerie, said, “We see Dai as one of the major players in the DeFi space in terms of providing tools to support #WomenSupportingWomen. It’s a great way to diversify your investments and help hedge against volatility in cryptocurrencies sex."

Art column: https://www.katevassgalerie.com/womensupportingwomen

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Art Blocks

Art Blocks is an interesting initiative that takes a unique approach to creating digital images and NFTs. Platform hosts programmable 'generative art' on the blockchain6, the artist generates a style seed for the algorithm that generates a randomly generated image that is ultimately received by the buyer, in other words, the collector buys a particular style, the algorithm introduces random elements into that seed block, the result is a brand new image encoded with an NFT, and Sent to the MetaMask wallet connected by the buyer. Collectors do not know what their final block will look like. Like many other platforms, Art Blocks accepts stablecoins due to their lack of volatility.

“Providing Art Blocks works in exchange for a stable digital currency helps to reduce barriers to entry. The encrypted art community will benefit from more traditional artists, especially masters in the field of generative art, who will "play" and contribute to our blockchain world Contribute to the richness of art experienced in the world.” – Eric (aka Snowfro), Founder, Art Blocks

Daïm Aggott-Hönsch, a 7-year-old self-proclaimed Muslim mathematical artist, algorithmist and footprinter, is the first generative artist to embrace the Dai family in the art district. Projectionology is "the art of shaping mathematical entities, properties, and relationships in an aesthetically faithful manner."

Aggott-Hönsch's Cryptoblots series (on sale at Art Blocks) comes in eight varieties and explores the tendency of pareidolia, the human brain's tendency to seek out familiar images in random patterns. Daïm believes his apartheid relationship with Dai is due in part to the currency's similarity to his name.

Art Blocks: https://artblocks.io/

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Stablecoins - the currency of digital art

The influx of artists and platforms adopting stablecoins as payment for artwork and donations to various causes has helped cement their position as the currency of the digital art movement. The convenient value offered by stablecoins makes them more attractive to creators compared to highly volatile cryptocurrencies.

As a stable currency that can realize stable value storage, Dai is currently in circulation in some digital art trading markets.

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Foundation

Foundation is a cryptocurrency-powered platform and marketplace for buying and selling unique and limited-edition items, with prices determined by supply and demand. The platform offers a range of features that enable artists to monetize their work, including token pre-sales that fund new collections, and high and low series price setting that encourages competition among early buyers. Additionally, artists have their own smart contracts, which means specific conditions are embedded in the code. For example, an artist can not only receive the initial sale price of an NFT, but also earn automatic commissions on subsequent transactions of that NFT.

“The foundation wants to define the concept of a cultural stock exchange. We like Dai’s values ​​of openness, transparency, and fairness, which are closely related to cultural spaces,” said foundation founder Kayvon Tehranian.

Foundation, which supports Dai and credit card payments, also provides an introduction to Dai, titled "Dai is the Currency of Culture."

"It's exciting to partner with Foundation and other platforms that empower artists and creators with decentralized tools that help empower them to connect in a more personal and seamless way and provide The ability to serve the audience.” Jen Senhaji, Business Development Associate at Maker Foundation explained this in detail.

There are currently three artists on the Foundation homepage

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OpenSea

OpenSea is one of the largest marketplaces for all kinds of digital art and collectibles. The platform is an aggregator of popular favorites, offering a range of NFTs ranging from Ethereum Name Service (ENS) domains, and Decentraland plots, to F1 Delta time drivers, and Axies (digital pets) from Axie Infinity. While not all platforms behind the collection have Dai integrated, OpenSea has Dai, and all the digital products they sell are more accessible to everyone.

Devin Finzer, co-founder of OpenSea, mentioned, “Dai is an important part of the DeFi and NFT ecosystem. We find that using Dai is especially useful when pricing high-value assets such as digital art and physical assets, because other currencies ( Price swings like ETH) could have a bigger impact, and we're excited to see more activity in Dai!"

OpenSea lists a variety of NFTs, including these two F1 Delta time drivers

OpenSea also provides support for other NFT trading platforms, such as the marketplace in Somnium Space, a virtual reality world with a blockchain economy, which means that anyone in the Somnium community can buy wrapped with Dai, and in Stablecoins are accepted in the market without worrying about fluctuations in cryptocurrency prices.

Somnium's integrated marketplace for digital art and other NFTs

Vita Pur, COO of Somnium Space, mentioned, “Our vision is to realize a complete digital life inside VR. In the cryptocurrency world, the volatility of tokens, artworks and other digital assets has both upside and downside. Therefore , it's great that the community can buy and sell Somnium Space wrapped and artwork in Dai so they can better manage their assets. For example, you can buy a wrapped for 1,000 Dai, start a music club, and Selling 10 lifetime tickets for 100 Dai after two weeks, the advantage of using a stablecoin is that you can break even without having to deal with the price fluctuations that come with a more volatile currency like ETH.”

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Async Art (Async.art)

Asynchronously allows users to create, sell, buy, collect and trade artworks. In addition to these basic operating functions, this platform has a unique trick: artworks are programmable! Artists can create and label the main work, with "layers" that sit on top of it and behave according to the code; collectors can buy one or more layers and change them within the range of characteristics specified by the artist. In other words, buyers can influence the overall appearance of the artwork.

On September 5, 2020, the platform held its first art auction with "Art is Unlimited Currency", the work of Latin American artist Carlos Marcial, an enthusiastic user and supporter of DaiDAO.

Lisa Liang Marcial's "Art Is Infinite Currency" was created using 3D software and apps, isn't it lifelike?

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Oive Alen

Olive Allen is a New York-based artist whose work explores ideas of cultural shift. Olive has created one-off and limited-edition series in the past, but one of her latest projects, Unbearable, is quite different, describing it as a "gamified artwork" that pushes the boundaries of digital art even further. The collection includes a limited run of 265 NFTs, each representing one of seven different digital images depicting the current coronavirus unrest as a "nasty" collectible bear.

The original version of The UnBearables was sold on Nifty Gateway, a popular NFT trading platform that recently set a record $55,555 auction price for a digital artwork in the news outlet.

The Unbearable was randomly assigned when it first went on sale, so buyers didn't know which NFTs they would receive. All NFTs are collectible, but some are more precious and valuable than others. This is a special game of chance where the game ends when a buyer collects all seven bears.

Collect all seven bears and the summoning game ends.

Olive's original collectible bear described as 'gamified art'

The Unbearable Band piece was so popular that Olive created a special collection of 10 NFTs called "Summer Bears." One NFT was given away in a promotional contest; the rest were only sold on OpenSea. In the series, bears are depicted enjoying summertime activities until animated frames reveal a more mundane presence. It's a drama about dreams versus reality, and their summer fun was stolen by COVID-19.

It is also a work to promote the global fight against the new crown virus.

Olive's Cruel Summer Bears are on sale for Dai only

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Museum of Contemporary Digital Art

The Museum of Contemporary Digital Art (MoCDA) is an online gallery that presents digital art in its native medium and is dedicated to curating, educating, and improving access to artists. It achieves its goals through regular events, hosting regular discussions and presentations on topics ranging from gamification of art to women in blockchain.

The MoCDA team collaborated with major art and blockchain organizations including Tate, SuperRare and Blockchain Game Alliance to co-host the exhibition. In the museum, donations in ETH and Dai are accepted, as well as cash payments via credit cards and PayPal.

“With the advent of cryptocurrencies and growing interest in digital art collecting, we are witnessing a shift towards collectors looking to diversify their portfolios without compromising the way most people use to purchase new assets With the vigorous development of the NFT market and the continuous ups and downs of the encrypted market, we regard Dai as a breakthrough solution for the art market, providing everyone with a fast and convenient way to access the encrypted art market, while at the same time It was a pleasant and safe experience throughout the process,” explains MoCDA CEO Serena Tabacchi.

MoCDA's recent exhibition titled "Digital Agency"

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Dai: The Currency of Art

Of all the popular stablecoins on the market, the one currently playing the biggest role, most popular, and most used in the digital art world is Dai. On the blockchain, works of art are made available as NFTs, enabling digital artists to sell and trade their works on a secure and traceable platform. On-chain artwork can solve the problem of forged image source or ownership to a certain extent.

As the popularity of NFTs continues to increase, and the adoption of stablecoins represented by Dai continues to increase, the mutually beneficial synergy between tokens will stimulate more growth. At present, the historical sales of NFTs as a whole have exceeded 100 million US dollars.

Reference：

https://blog.makerdao.com/