Irish Artists Turned To

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Irish Artists Turned To "Crypto Art" When Lockdown Impacted Business

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Newsroom

01:55 28 May 2021


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The pandemic has led to many Irish artists venturing into the world of "crypto art".

Some are now earning tens of thousands of euro from their pieces.

 

The artists involved in this space are creating digital works - with a token of ownership sold for crytpocurrency.

The public can still view the piece online - and if its NFT ownership token is sold again the artist would get a royalty payment.

Galway woman Orflaith Egan says that is a huge step forward:

"I would receive a royalty every time a token is re-sold."

"For me that was huge, all of my art could be token-ised."

Artists Turned To NFTs During Lockdown

The pandemic led to many artists losing regular work, so they innovated.

Alan Bolton from Offaly is among them.

The digital artist is now enjoying huge success - working with renowned DJ DeadMau5:

"I lost a lot of my client work obviously, so I was focusing a lot more on my own artworks."

"My one-of-one pieces at the moment usually go from like $20,000 to $30,000."

Galleries showcasing the digital works are now popping up online.

Vincent O'Donohoe of Green Fuse in Mayo explains:

"Various virtual worlds."

"They all look at little bit like Minecraft, where you can look in at the art."

He says users can choose artworks they like, and purchase them there and then.

The sky is the limit for crypto art.

Earlier this year, US artists Beeple sold an NFT piece for $69 million.

Additional Reporting By Spin's Niall Colbert.

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