Abstract: Since March this year, Beeple’s “Everydays: The First 5000 days” set a record of the highest turnover of top 3 living artists in the world with $69 million at Christie’s, the word “NFT” has become popular in the international art circle overnight, and then major galleries, art institutions and artists have hurried to get on the “express train” of “NFT art”.
Singapore, Singapore–(Newsfile Corp. – July 14, 2021) – Cryptoart.Ai, the Asia’s largest NFT digital art platform, has joined hands with Shanghai Jiahe Auction Co., Ltd.to exhibition two masterpieces of Infinite Net (1959, c1979) and Infinite Net (MGPP), the most iconic series of Infinite Nets in Yayoi Kusama’s artistic career, collected by Jiahe. They employed block chain encryption in the authentication and record data of entity artworks in the form of “NFT Empowering” entity artworks to start a new cooperation between NFT and entity artworks and real art market.
The authenticity identification of traditional art works has always been a major difficulty in the process of works circulation. Whether it is the traditional authentication method in China or the international authentication method, its core is centralized authentication mode without exception. “Centralized recognition” depends on people, and the corresponding recognition is often based on the following process: Analysis of work style – Analysis of signatures – Analysis of historical materials (sources, authoritative documents, exhibition catalogues, past transaction records, etc.) – Technical Analysis and test reports, etc. As time goes by, the most easily lost part of a work is its accompanying historical documents, which is the key to doubt for many works. However, the emergence of “blockchain erc721 protocol” can change the way of recording and retaining historical documents in the traditional art appraisal process through blockchain encryption technology. Thus, it sets off an innovation in the field of art authenticity identification.
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Today, when this work and the story behind it reappear in the public view, together with another work, Infinite Net (MGPP), all the authentication materials of them, including circulation records, exhibition materials, publication catalogues and certificates, are encrypted in the form of “NFT + art”, which is cast into a complete NFT and stored in the blockchain. This practice undoubtedly has epoch-making significance! By “NFT empowering”, these rich authentication information and image data are permanently stored in the IPFs distributed server node in the form of distributed storage. This is the first example of NFT empowering entity artwork in the world! NFT will also be handed over to the new collectors after the transaction, and recorded and confirmed in each subsequent circulation.
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To highlight the special significance of this practice, Shanghai Jiahe Auction Co., Ltd. is planning a special show: A Thought in Eternity: Infinity Nets-Yayoi Kusama’s Original Artworks and NFTs. The combination of the two works into an integrated subject for auction is a very innovative attempt, no matter for the current secondary market, or NFT art market! On this occasion, CryptoArt.Ai x Shanghai Jiahe Auction Co., Ltd. will hold a special press conference on July 15 at the Shanghai Himalayan Art Museum to witness this moment. On the very day, various guests and scholars from different fields in the industry will be invited to discuss “cooperation” or “creation” between entity art and NFT technology through an open round table seminar with the theme of “Mutual Understanding of the Value of Cryptoart”.
Related activities and the follow-up auction will be held on July 23. Please look forward to it together!
Media Contact
Contact: Freya
Company Name: Cryptoart
Address: 2 VENTURE DRIVE ＃11-31 VISION EXCHANGE SINGAPORE(608526)
Website: https://cryptoart.ai/
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90217
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