This Is the World's Most Expensive Piece of Crypto-Art
Art imitates life, as the saying goes.
For Andy Tian, Co-founder and Group CEO of Asia Innovations Group, that means leveraging the shift towards blockchain technology to produce a piece of virtual artwork: “The Forever Rose.”
“Just because you can’t really see it, doesn’t mean it’s no less valuable,” says Tian, whose company operates the GIFTO virtual gifting platform.
“The Forever Rose,” created by renowned artist Kevin Abosch, sold for $1 million worth of ethereum on Valentine’s Day, making it the most expensive piece of crypto-art so far. The token was split between 10 collectors who can resell their portion of the artwork.
Tian says any art, physical or virtual, derives its value from both the artist and “the significance of the artwork.” The medium it’s produced in doesn’t matter.
In fact, blockchain’s safe, decentralized nature makes it an ideal platform for the art world, he says. The market can’t be tainted with fake works, the art can’t be damaged or hacked, and it throws open the typically exclusive collector’s club to anyone who wants to buy or sell.
For the full interview, [click here](https://cheddar.com/videos/cryptocurrency-is-changing-how-we-view-art).
Managing Editor at Tom's Guide, Kate Kozuch, joins Cheddar to explain how Apple's AirPods now work as hearing aids and what she thinks of Apple Intelligence.
A Polish radio station said Monday that it has ended an “experiment” that involved using AI-generated “presenters” instead of real journalists after the mo
Co-founder and CEO of Rad Intel, Jeremy Barnett, joins Cheddar anchor Dave Briggs to discuss the influencer marketing space and how RAD is changing the game.
Founder, Chairman and Principal Analyst of Constellation Research Inc., Ray Wang, reveals how Tesla's Robotaxi is going to disrupt the transportation industry.
