Viewpoint: Stablecoin technology provides greater momentum for NFT development

In 2020, in addition to the significant growth in the DeFi field, the digital art market is also developing well. Artists have new ways to show their talents in new markets. More and more creators are discovering the benefits of cryptocurrency and blockchain. , Many more radical artists have also proposed to incorporate decentralized encrypted tokens into the world of digital art, and the market’s interest in non-fungible tokens (NFT) has also surged, and this enthusiasm will continue to develop into 2021.

In the NFT field, Dai has achieved very good results, and it continues to become the currency of choice in the NFT digital art and cultural market. Stable and combinable decentralized stablecoins are ideal cryptographic tokens in this field because they are universal, stable in price, and have access to the evolving Ethereum economy.

"Creators, especially digital artists, are discovering new web3 tools that can help them expand their thinking and provide direct connections with collectors and the community," explained Jen Senhaji, Business Development Specialist, Maker Foundation. It’s great to see how artists and others in the creative industry continue to use stablecoins and NFT technologies when creating, trading and selling works on the blockchain." 

Last December, sales of NFT artworks hit a record high of US$8.2 million, compared with US$2.6 million in the previous month. The art market is ready for disruption led by the digital art community. 

Sarah Zucker

Sarah is a writer and artist based in Los Angeles. He has established a successful career in the field of traditional art and is excited about the potential of digital art and NFT innovation. Her work explores the interaction between humor, psychedelic, mysticism, and modern and outdated technology, and she also accepts xDai's work payment. 

Sarah Zucker said, “Distributed/decentralized stablecoins have the potential to play an important role in the art market. What’s interesting is how they can be incorporated into crypto art best practices as a way to regulate valuation so that artists , Collectors and platforms benefit."

Artist column: http://www.sarahzucker.com/ 

Digital artist Sarah Zucker works from cartoons and animations to self-portraits, including abstract portraits

Greedy snake

Snark.Art is a technology laboratory dedicated to exploring the creative and commercial possibilities of art on the blockchain, and helping artists who work with them create NFTs and market their images. The project supported and sold stablecoins for the first time on the OpenSea market at the end of 2020. 

Snark.Art co-founder Misha Libman said that the name of the platform was inspired by Lewis Carroll's "The Hunting of the Snark." That poem is a metaphor for pursuing a goal that is difficult or impossible to achieve. As far as Snark is concerned, the powerful but sometimes elusive attraction of blockchain technology to artists. 

"Stablecoin allows artists to try to use the blockchain, but at the same time avoids the uncertainty of pricing works with volatile currencies such as ETH or BTC." -Misha Libman, co-founder of Snark.Art

Art column: http://snark.art/ 

Trygve Skogrand’s "Indoor Browser" is the first image sold to Dai by Snark.Art

Vancouver Biennale / Art 2020

In November last year, the Vancouver Biennale, a large-scale public art exhibition held every two years, hosted #ArtProject2020, a virtual art and technology fair that explored the latest technologies affecting the art world. In an event organized by artist Jessica Angel, Dai and NFT were introduced to non-encrypted audiences. 

"Art is a mobilization force that has the power to bridge seemingly different worlds, and #ArtProject2020 provides proof of how crypto finance and creativity on the blockchain work towards a common goal."

——Jessica Angel, founder of #ArtProject2020 

Art column: http://artproject.io/

Cargo construction (Cargo.build)

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

"Dai is our first choice when choosing to add stablecoins to the Cargo platform. We hope that creators and collectors can choose to purchase NFTs with stable cryptocurrencies." Cargo.build co-founder Sean Papanikolas explained.

Artist Russd’s "Mysterious Hill" is listed on the Cargo market

The creator on Cargo.build can even store the content safely in a collection that only the owner can unlock. For example, the owner of Ziggy's Move can unlock the original high-resolution images of the animated work.

Art column: https://cargo.build/

Bryan Brinkman

Bryan Brinkman is an animator and visual effects artist whose work includes "Saturday Night Live", "The Tonight Show" starring Jimmy Fallon and other popular shows. For more than 4 years, he has converted his digital images into various natural artworks, but has been struggling with commissions and other expenses for large galleries. 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 art sales methods. He accepted Dai's work "Rarible".

"Using stablecoins, collectors can see a piece of art and immediately understand its value. With ETH, price fluctuations can make it difficult to understand the actual selling price of an item relative to the U.S. dollar. For those new to crypto , This kind of mathematics can be confusing," said cartoonist and visual effects artist Bryan Brinkman.

"Mandala" is the first NFT version of Brinkman on Rarible

Kate Vass Galerie

Swiss Kate Vass Galerie (KVG) is positioned at the intersection of art and technology, and its mission is to connect traditional art with digital art. The gallery exhibits physical artworks in Zurich and welcomes online visitors to its digital exhibition. KVG launched the #WomenSupportingWomen project at the Vancouver Biennale in November 2020, which promotes gender equality in the art world. The project accepts donated cryptocurrency.

Kate Vass Galerie Gallery Manager Alessia Realis Luc said, “In terms of providing tools to support #WomenSupportingWomen, we regard Dai as one of the major players in the DeFi field. It is a good way to diversify investment and helps hedge against the volatility of cryptocurrencies. Sex."

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

Artist Helena Sarin's "Sultry Night, Backyard Chronicles, 2020" has been included in the #WomenSupportingWomen project

Art Blocks

Art Blocks is an interesting project that uses a unique method to create digital images and NFTs. The platform hosts programmable “generative art” 6 on the blockchain. The artist generates a pattern seed for the algorithm, which generates a randomly generated image that is eventually received by the buyer. In other words, the collector buys a specific pattern and the algorithm introduces random elements To that seed block, the result is a brand new image encoded with NFT and sent to the buyer's connected MetaMask wallet. The collector does not know what its final block will look like. Like many other platforms, Art Blocks accept stablecoins because of their lack of volatility.

"Providing Art Blocks works in exchange for stable digital currency helps reduce entry barriers. The crypto art community will benefit from more traditional artists, especially masters in the field of generative art, who will "play" and help us in the blockchain world. Contribute to the rich art of the experience."-Eric (aka Snowfro), founder of Art Blocks

Daï mAggott-Hönsch (Daï mAggott-Hönsch) is 7 years old this year. He calls himself a Muslim mathematics artist, algorithmist and footprintist. He is the first generation artist to accept the Dai nationality in the art district. Projection is "the art of shaping mathematical entities, attributes, and relationships in an aesthetic and faithful manner." 

There are 8 types of Aggott-Hönsch's Cryptoblots series (sold on Art Blocks), which explores the trend of pareidolia (the tendency of the human brain to find familiar images in random patterns). Daïm believes that his apartheid relationship with Dai is partly due to the currency's similarity to his name.

Art column: https://artblocks.io/

——Daïm's Cryptoblots series, including #296 above, is an "algorithmic tribute" imprinted by Hermann Rorschach

Stable currency-the currency of digital art

The influx of artists and platforms, the use of stablecoins as payment for artworks and donations for various reasons, help to consolidate their status as currencies for digital art movements. Compared with extremely volatile cryptocurrencies, the convenient value provided by stablecoins increases the attractiveness of creators. 

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

Rune Christensen, CEO of Maker Foundation and Cooperative, said: "Dai stablecoin has been used to purchase NFTs in other fields, including video games. It is ideal for artists, museums and art auction platforms that accept cryptocurrency payments." MakerDAO 

DAO Decentralized Autonomous Organization See more founders: "Dai’s zero-trust, transparent, and secure attributes allow artists and customers around the world to focus on art, instead of focusing on the transfer of funds from one account to another. Minutes." 

 Foundation

Foundation is a cryptocurrency-driven platform and market for buying and selling unique and limited-edition products, with prices determined by supply and demand. The platform provides a range of features that allow artists to profit from their work, including pre-sales of tokens to fund new series, and high and low series price settings that encourage competition among early buyers. In addition, artists have their own smart contracts, which means that certain conditions are embedded in the code. For example, the artist can not only receive the initial selling price of the NFT, but also receive automatic commissions in subsequent transactions of the 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 the cultural space." said the founder of the foundation, Kayvon Tehranian (Kayvon Tehranian).

Foundation supports Dai and credit card payments, and also provides an introduction to Dai with the title "Dai is the currency of culture".

“It’s exciting to work with Foundation and other platforms. These platforms provide support to artists and creators through decentralized tools. These tools help them to communicate more personally and seamlessly. The audience’s ability to provide services.” Jen Senhaji, Business Development Assistant at Maker Foundation, explained this in detail.

There are currently three artists on the Foundation homepage

Art column: https://withfoundation.com/

 OpenSea

OpenSea is one of the largest markets for various digital art and collectibles. The platform is an aggregator of popular collections, providing a series of NFTs, from Ethereum Name Service (ENS) domain names, and Decentraland plots, to F1 Delta time drivers, and Axie Infinity's Axies (digital pets). Although not all platforms behind the collection have Dai integrated, OpenSea has Dai, and all the digital products they sell are more accessible to everyone. 

OpenSea co-founder Devin Finzer mentioned, “Dai is an important part of the DeFi and NFT ecosystem. We have found that using Dai is particularly useful when pricing high-value assets such as digital art and physical assets, because it is useful for other currencies ( Such as ETH) price fluctuations may have a greater impact, and we are very happy to have more activities in Dai!"

OpenSea lists various NFTs, including these two F1 Delta time drivers

OpenSea also provides support for other NFT trading platforms, such as the market in Somnium Space. Somnium Space is a virtual reality world with a blockchain economy. This means that anyone in the Somnium community can buy wrapped with Dai and share Stable coins are accepted in the market without worrying about the fluctuation of cryptocurrency prices. 

Somnium's digital art and other NFT integration markets

Vita Pur, Chief Operating Officer of Somnium Space, mentioned, “Our vision is to achieve a complete digital life within VR. In the cryptocurrency world, the volatility of tokens, artworks and other digital assets is both upward and downward. Therefore, , It’s great that the community can buy and sell Somnium Space wrapped and artwork in Dai, so that they can better manage their own assets. For example, you can buy a wrapped for 1,000 Dai, build a music club, and then Two weeks later, 10 lifetime use tickets will be sold at a price of 100 Dai. The advantage of using stablecoins is that you can achieve balance of payments without having to deal with price fluctuations caused by volatile currencies such as ETH."

Art column: https://opensea.io/

Asynchronous Art (Async.art)

Asynchronous 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! The artist can create and mark the main work, as well as the "layer" on top of it and expressed according to the code; collectors can purchase one or more layers and change them within the range of features 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". This is the work of Latin American artist Carlos Marcial, a passionate user and supporter of DaiDAO.

Lisa Liang Marcial's "Art is Infinite Currency" was created using 3D software and applications. Is it lifelike?

Art column: https://async.art/

Oive Alen

Olive Allen (Olive Allen) is a New York artist whose work explores the concept of cultural change. In the past, Olive has created a summary and limited edition series, but one of her latest projects, "Unbearable", is quite different from before. It is described as "gamified art" and further pushes the boundaries of digital art. The series includes 265 NFTs in limited operation. Each NFT represents one of seven different digital images that portray the current Coronavirus-induced turmoil as "annoying" collectible bears. 

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

"The Unbearable" was randomly assigned when it first launched, so buyers don't know which NFTs they will receive. All NFTs are collectible, but some are more precious and valuable than others. This is a very special game of chance. When a buyer collects all seven bears, the game will end. 

Collect seven bears and summon the game to end.

Olive's original collection of bears is described as "gamified art"

The Unbearable Band is very popular, so Olive created a special series of 10 NFTs called "Summer Bears". One NFT was given away in the promotion contest; the rest is only sold on OpenSea. In this series, the bear is depicted as enjoying summer activities until the animation frames show a more mundane existence. This is a drama about dreams and reality, their summer fun was stolen by COVID-19.

This is also a work to promote the global resistance to the new coronavirus.

Olive's "Cruel Summer Bears" (Cruel Summer Bears) are only sold as Dai

Art column: https://oliveallen.com/

Contemporary Digital Art Museum

The Museum of Contemporary Digital Art (MoCDA) is an online gallery that showcases digital art in its local media and is committed to curating, educating and improving contact with artists. It achieves its goals through regular activities, regular discussions and speeches. The topics of discussion and speeches involve topics ranging from art gamification to women in the blockchain.

The MoCDA team cooperates with major art and blockchain organizations (including Tate, SuperRare and Blockchain Game Alliance) to jointly organize exhibitions. In the museum, donations from ETH and Dai are accepted, and cash payments via credit cards and PayPal are supported.

"With the advent of cryptocurrencies and the growing interest in digital art collections, we have witnessed a trend towards collectors who hope to achieve a diversified portfolio without affecting the way most people buy new assets. With the vigorous development of the NFT market and the constant 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, and at the same time Enjoy a pleasant and safe experience throughout the process.” MoCDA CEO Serena Tabacchi explained.

The most recent exhibition of MoCDA is called "Digital Agency"

Art column: https://www.mocda.org/

Dai: the currency of art

Among all the popular stablecoins on the market, Dai is currently playing the biggest role, the most popular, and the highest usage rate in the digital art world. On the blockchain, works of art are provided in the form of NFT, enabling digital artists to sell and trade works on a secure and traceable platform. On the chain of artworks can solve the problem of forged image sources or ownership to a certain extent.

With the popularity of NFTs and the continuous increase in the adoption of stablecoins represented by Dai, the mutually beneficial synergy between tokens will stimulate more growth. At present, the historical sales of the entire NFT has exceeded 100 million US dollars.