Is Blockchain Part of the Future of Art?

Abstract

Art is an important part of our culture, and economy. The global art market reached $67 billion in 2018 . While some individuals might purchase art solely for their own enjoyment, for others it can be a status symbol or an investment. However, the world of art is not without its problems. Two of the most important challenges are are fraud, and ownership of digital assets. However, blockchain is promising to solve both of these issues soon. Blockchain for Art is here to stay. While there are still some barriers to the widespread adoption of Blockchain for Art, there is no denying of the fact there is a significant potential of Blockchain for the advancement of Art.