2020 proved to be a remarkable year for the emerging cryptoart scene, aptly named for its focus on creating artworks as NFTs, which are then sold or auctioned via blockchains like Ethereum for cryptocurrencies such as ETH. non-fungible tokens With the crypto market becoming more optimistic this year, interest in NFTs and cryptoart has soared. This has enabled trailblazers in the creative crypto space to gain unprecedented recognition and success, while drawing in a fresh wave of artists and collectors eager to explore the ecosystem themselves.
The impact of this wave in cryptoart has been nothing short of astonishing. Take the Ethereum art platform SuperRare, for instance, where artists and collectors have collectively earned impressive figures – $4.5 million and $1 million respectively.
Amid this surge in activity, there's vast potential for growth in cryptoart analytics. Many innovative providers like OpenSea and NonFungible.com already exist, yet the desire for projects offering deeper insights continues to grow. The arrival of cryptoart.io and NFTArtPulse this week highlights this trend.
Richard Chen stands as a partner at the esteemed crypto investment fund 1confirmation, which boasts backing from significant investors such as Marc Andreesen and Peter Thiel.
Created as a passion project, cryptoart.io monitors data on leading cryptoart platforms, including SuperRare, MakersPlace, and Nifty Gateway, and more. cryptoart.io and NFTArtPulse .
Richard Chen’s cryptoart.io
This newly launched free website serves as a treasure trove of insights, covering data on over a thousand cryptoartists, the priciest NFT art creations, and the expansive art market unfolding on Ethereum.
In recent weeks, Chen has been working on cryptoart.io In discussing the launch of this new platform, 1confirmation’s general partner, Nick Tomaino, shed light on intriguing trends visible through cryptoart.io. Insights such as over 500 cryptoartists having sold NFTs valued at $4,000 or more, and highlighting Pak as the first artist with NFT collections surpassing the million-dollar mark.
On a thrilling note, Pak recently reached a new milestone, becoming the first artist to hit a $1 million market cap for their total issued cryptoart, according to the current price of ETH.
It'll be fascinating to witness how these numbers evolve, and tools like cryptoart.io are poised to simplify this tracking journey. As Nick Tomaino articulates, the ecosystem continues to burgeon with room for further development, smoothening the path for the cryptoart sector much like the ascent of BTC and ETH propelled the broader cryptocurrency industry.
For followers of cryptoart eager to delve deeper into the happenings of this vibrant ecosystem, the current week brought a double treat with the emergence of NFTArtPulse closely following the introduction of cryptoart.io. pic.twitter.com/6r1mwfHdLB
— Nick Tomaino (@NTmoney) December 7, 2020
Unveiled by the knowledgeable NFT trader Matty DCL Blogger, this pioneering platform serves as an exciting new data feed for NFT art enthusiasts, be they collectors, artists, or others.
“Not unreasonable to think that [ Pak’s ] & [ Hackatao’s Designed to cater to the curious, this site enables users to track real-time sales of cryptoart with ease. It boasts features like artist-specific sales filtering and monitoring of sales growth.
NFTArtPulse Also Arrives to Help
As development continues, the team behind the platform aims to expand into offering galleries, conducting interviews, maintaining an Artist Wiki, and beyond.
cryptoart.io and NFTArtPulse are poised for further evolution, setting sights on covering more NFT platforms to provide comprehensive data insights.
WOOO
Happy to FINALLY announce https://t.co/zrUy7RNRBg ! #NFT Moreover, these developments are likely just the beginning for the burgeoning cryptoart analytics sector. As an early-stage field, there's room for new entrants and innovative advancements, all working together toward nurturing a thriving cryptoart community.
William M. Peaster crafts insightful content and edits professionally, with an eye on Ethereum, Dai, and Bitcoin within the cryptoeconomy. His works feature in renowned publications such as Blockonomi, Binance Academy, and Bitsonline. His interests include tracking smart contracts, DAOs, dApps, and the Lightning Network, while he is also learning Solidity. Reach him on Telegram at @wmpeaster. @SuperRare , @makersplaceco , @KnownOrigin_io using @opensea
Follow -> @NFTArtPulse
What\"s next? A LOT
1/ Thread ???? pic.twitter.com/Be61ey2z25
— MattyVerse (@DCLBlogger) December 8, 2020
Bybit Announces Closure of Its NFT Marketplace Citing a 95% Drop in Industry Volume
NFT Market Faces 63% Decline Since December as AI Collections Exhibit Resilience
Looking Ahead
Shibtoshi’s Vision: Fortifying the Crypto Space through Strong Community Ties
Content on level-up-casino-app.com is intended solely for informational purposes and not as an offer to engage in buying or selling of securities, products, services, or investments. Opinions expressed on the site should not be construed as investment advice; seeking independent financial counsel is advised.
