At the same time, cryptocurrencies have been booming in value, fueled partially by superstar enthusiasts like Elon Musk and Mark Cuban. Bitcoin, as an example, is up more than 1,000{516bd1612be164d72a165cd01acbc29b110f9ccd582f0150059dea3a057c38a6} over the past yr, and anything remotely crypto-adjacent—including NFTs—is getting swept up in that mania. But baseball cards, sneakers and that Wu-Tang CD all exist within the physical area, so it’s easier to grasp why they’re value something. It may be more durable to know why digital art, or some other digital file, has value. It was painted by US graffiti artist JonOne in entrance of an viewers in Seoul in 2016.
- The various visible arts exist within a continuum that ranges from purely aesthetic purposes at one finish to purely utilitarian functions on the other.
- This fallacy would later be repudiated by theorists from the reader-response faculty of literary concept.
- The School of Art is known for diverse, internationally-renowned