Joe Chiappetta Art • Comics • Books: money

Blockchain Bonnet by Joe Chiappetta is available as rare digital art on the SuperRare marketplace.

An Introductory Crypto-Art Article by Joe Chiappetta of Silly Daddy Comics

An overview of opportunities for artists on the blockchain are covered here, including rare digital art, crypto community graffiti, and online crypto social meritocracy.

It’s a pretty interesting time to be alive. Especially as an artist, I have seen rapid opportunities opening up for creative people. This has been largely due to advances in cryptocurrency, blockchain technology, and high speed mobile internet. With new technology often comes new terminology, methodology, and of course, opportunity. Such is the case with a wide classification of artwork known as crypto-art, which can be very loosely defined as artwork having something to do with cryptocurrency.

All Quiet on the Bitcoin Front by Joe Chiappetta is mixed media and collage on paper, scanned and made available as rare digital art on MakersPlace

All Quiet on the Bitcoin Front by Joe Chiappetta is mixed media on paper, available as rare digital art on MakersPlace

Of course, the broad category of crypto-art includes physical artworks where the subject matter has to do with cryptocurrency, such as a tangible painting on canvas featuring a Bitcoin logo. In fact, such artworks are probably the first types of modern crypto-art. Yet this article has more to do with a newer phase of crypto-art: specifically digital art that is powered by blockchain technology.

Squiggly Rare Silly Chain by Joe Chiappetta is rare digital art available on the MakersPlace marketplace.

Indeed, cryptocurrency and the mobile web are opening up the art world in unforeseen ways. Three new categories for an artist are now available... where previously there was nothing in terms of opportunity. This crypto-art article for beginners is focused solely on existing opportunities rather than resources that will soon be available. To be even more specific, in this primer I’m talking about current ways for digital artists to increase their exposure and earn more income from their digital artwork through new developments in cryptocurrency. Opportunities covered here include the following:

Rare Digital Art making
Rare Digital Art collecting
Crypto Social Networks

There are actually more than 3 categories of opportunity now available, but the opportunities that I chose to highlight in this crypto-art article are in their infancy yet have large growth potential, plus they are widely available now to every artist with high-speed internet and a computer.

Crypto Bridge of Wisdom by Joe Chiappetta, available as rare digital art on SuperRare

DISCLAIMER

While I absolutely believe that this is a time of incredible and unprecedented opportunity for artists because of cryptocurrency developments, I must also add a disclaimer. Cryptocurrency is fairly new technology, somewhat unregulated, yet subject to certain tax laws and often volatile in its US Dollar equivalent highs and lows. In other words, if you do get into this field and start earning a lot, definitely consult a tax professional and know that there’s a lot of price fluctuation in the cryptocurrency market. Moreover, if you’re a risk taker, slightly tech savvy, willing to learn the tax implications, and not faint of heart, pay close attention to developments in this space, and perhaps even test the waters.

RARE DIGITAL ART or CRYPTO-COLLECTIBLES

The first and second opportunity for artists that has become new through cryptocurrency would be in the category of rare digital art: making it as well as collecting it. This category is also known as crypto-collectibles, or even digital collectibles. I personally prefer the term rare digital art, but this field is still so new, that no one really knows which term will stand out above the rest.

Payment Playground is a blockchain card by Joe Chiappetta available on Book of Orbs in the CrystalsCraft Collection

The rare digital art industry is comprised of limited edition digital artworks that are each attached to a unique cryptographic token--also known as a cryptocurrency. A record of who owns this token and its attached art is readily available on a specific blockchain. Cryptocurrency runs on a "chain" of typically unalterable data, grouped in sequential "blocks." That's where the term blockchain comes from.

Often for those first hearing about the concept of rare digital art, an important question comes up. "Why would anyone want to spend money to own digital art when anyone can just copy the artwork file for free from the Internet to their own computer?" The answer is just as simple. Indeed, some will simply copy the file from the Internet. Yet certain collectors want more. These collectors will want to own the digital art that was personally issued directly by the artist in verifiably limited quantities. Blockchain has made this possible, and collectors are already doing exactly that. Moreover, many of these collectors choose to show off their collections to the public. Again, blockchain has made ownership of digital goods a new reality.

As a quick reference, here is a bulleted list that answers this common question:

Why Own Rare Digital Art When I Can Copy It for Free?

Prestige of Ownership
Collectible
Tradable
Portable
Curation Statement
Pioneering
Patronage
Safe Crypto Use-Case

Another concept to keep in mind is that there are many different blockchains that have been created. In fact there are well over 2,000 separate blockchains, yet many of them will amount to nothing special. CoinMarketCap, a site that lists key metrics on most cryptocurrencies, currently shows that there are at least 2,070 different cryptocurrencies.

Gratefully we can just focus now on the main blockchains that are in the widest use today to release and sell art directly on the blockchain. Presently there are only a handful. The blockchains that are currently in very wide usage to issue rare digital art include the Bitcoin blockchain (through an add-on crypto-data layer called Counterparty), and the Ethereum blockchain.

Since blockchain data can't be easily altered, and the data is verifiable by anyone, digital scarcity is now a real option for any piece of digital artwork. This means that digital art can now be issued in limited editions and collected for its level of rarity on the blockchain! Such collectible art is packaged in at least two different forms: (1) rare digital game items and (2) independent rare digital artwork.

Rare Digital Game Items: This refers to various unique digital game items that interact and function as game pieces within a larger gaming ecosystem.

Heavenly Shepherd blockchain card playable in Spells of Genesis mobile game

One fine example would be the Spells of Genesis blockchain cards that are playable in their online game and tradeable on the blockchain. Incidentally, EverdreamSoft, the Swiss company that makes this cool game and issues its blockchain cards, holds the distinct honor of being the very first to ever issue rare digital art.
Independent Rare Digital Artwork: This refers to stand-alone, limited edition digital art pieces, both as static images as well as animated artworks.

CrystalsCraft Collection on Book of Orbs marketplace contains many Joe Chiappetta blockchain cards

CrystalsCraft Collection (launched March 2018) on Book of Orbs marketplace contains many Joe Chiappetta blockchain cards.

I have sold an incredible amount of my comics in the rare digital art marketplace. Naturally, I look forward to issuing more of my art there, as well as other key places. Many markets already exist out there for rare digital art, additionally known as non-fungible tokens (but I sure hope that odd, techie name referring to the art's non-interchangeable and unique nature doesn't stick).

Joe Chiappetta rare digital art store on the MakersPlace market

Markets that I favor for issuing and also collecting rare digital art (because I personally use these particular markets) are many and varied, probably because I am pretty prolific. Therefore I like to diversify, having my art on a number of markets, based on where I think the art will sell the best. These crypto-collectible markets include:

MakersPlace (using Ethereum or a credit card)
SuperRare (using Ethereum)
Book of Orbs (using BitCrystals, a Counterparty token running on Bitcoin)
Cryptographics (using Ethereum)
RARE Art Labs (using Ethereum)
CryptoSketches (using Ethereum)

Street sign art by Joe Chiappetta pointing the way to crypto-collectible marketplaces

Street sign illustration by Joe Chiappetta pointing the way to some of the many crypto-collectible marketplaces

There are many additional rare digital art markets, with new ones launching every quarter. I suppose no one person--other than a die-hard crypto-art researcher--could cover them all thoroughly. The markets that I use are working for me and have a nice track record of professional accomplishment. Of course, as time and opportunity permits, I am open to trying additional markets.

The Collectible Vitalik is a vector drawing of Ethereum founder Vitalik Buterin, by Joe Chiappetta on CryptoSketches

As a specific market for minimalist rare digital art, CryptoSketches deserves a bit more attention because of its groundbreaking nature. When I say minimalist, I mean line drawings that take about 40 strokes or under to complete. It is the only site I know of currently where anyone can instantly make a minimalist drawing directly into the CryptoSketches drawing app and that art becomes a piece of finished rare digital art on the Ethereum blockchain within the hour (or as soon as the transaction is cleared on the Ethereum network). This means your art is available for sale with no human approval necessary--and in the same hour that you created it.

Artists will need much more Ethereum than usual to issue their art in this particular platform. On other Ethereum platforms it currently only costs a few cents to issue rare digital art. But on CryptoSketches, the transaction fee to issue rare digital art is currently between $3 and $6. My guess is that this is probably because there is way more data in a CryptoSketches smart contract since each drawing's vector data is contained in the transaction, making it more expensive to run that transaction through the Ethereum network. I think of these expense, high or low, as if they were postage costs to send my work to a global market. That expense also weeds out spam artists who would otherwise flood the market with junk.

Another nice feature of CryptoSketches is that when you view finished pieces in the market, a replay of the drawing process is automatically generated. Currently, this might only be viewable to those who have the MetaMask browser installed. If you do have MetaMask, see the drawing replay example here of my ETHmobile art.

These unique features make CryptoSketches first-in-class for being the only app (so far) for direct draw-to-market issuance of rare digital art that also includes a video replay of the creative process. I am going to rephrase these features because it is a huge innovation for the entire art world. Think about it; where else can any artist quickly draw digital art and in that same action, directly and immediately issue that art onto the market for sale as a one-of-a-kind piece of rare digital art?

Since this is a vector based app, the built-in video-redraw features also gives CryptoSketches that added bonus of being able to review the exact creative process for each piece of art issued on its marketplace. This video replay turns the art into more than a static image owned by a unique collector on the blockchain. That collector is also buying the exact artistic process. In other words, what the collector also owns is not just the finished art, but also the code that replays the lines that made the art. How cool is that?

Cryptographics, mentioned earlier as another fine market for rare digital art, is also groundbreaking in so many ways. It is a generative art site, meaning that artists go there to add (or generate) unpredictable elements of randomness to their art. Additionally on Cryptographics, one artist's work can even be combined automatically with another artists work. This creates new hybrid artworks, where all contributing artists get a portion of the hybrid art sale for each crypto-collectible generated.

Blockchain Kingdom is rare digital art by Joe Chiappetta available on Cryptographics marketplace

While being one of the newest sites that I issue rare digital art through, Cryptographics has instantly earned my respect as one of the most innovative and useful tools that a visual artist could utilize in this ever-changing digital age. In fact, I even wrote a more in-depth review of Cryptographics after using it extensively.

Asset pack created by Joe Chiappetta on Cryptographics allows others to create crypto-art with Joe's art

Asset pack created by Joe Chiappetta on Cryptographics allows others to create crypto-art with Chiappetta's art.

CRYPTO SOCIAL NETWORKS

An additional new opportunity for artists is in online crypto social networks. Once example of this is the site Steemit. Therein, creators can post their art, not merely for "likes" that don’t transfer into value, but "likes" that transfer into earning cryptocurrency that can (possibly) have a real world financial value: some only in fractions of a penny, yet others in higher dollar amounts.

Steemit screenshot of Joe Chiappetta posts shows upvote earnings in USD.

However keep in mind that for most people, these crypto-social media earnings will not be enough to live on, and I would guess that some of these sites will not thrive since the market could get flooded or just plain fickle. Remember MySpace? There are only so many social media sites a person can be active on at any given time.

Most of these crypto social networks could also be called crypto social meritocracies. I use the term "meritocracy" because on these sites, the more you contribute, in terms of time into the community and value-added to the community, the more your presence there often earns you a reputation score that in turn, earns you more cryptocurrency. In other words, this is artistic social activity and earnings based largely on what you do, not on race, social class, gender, or past accomplishments. These meritocracies measure what you contribute now for the community, usually in the form of content creation as well as thoughtful curation of other people’s creative work.

Keep in mind that each crypto social network usually mints its own unique cryptocurrency. Some of these crypto coins are worth a decent amount if you accumulate enough of them over time. Yet others are worth almost nothing.

Summing up the category of Online Crypto Social Meritocracy, if you want to post your artwork on the web and earn some cryptocurrency while doing so, this is a definite way to do that. I am not saying that non-crypto-social media has no value. In fact I still use such sites for publicity, yet in a much reduced capacity because there is no financial compensation for contributing to these sites.

Therefore, as an entrepreneur, I have to look at what gives the most value for my time. Many artists already post their work only on non-crypto sites like Facebook, Instagram, and Twitter, yet get absolutely no monetary compensation in return for their consistent contributions to these sites. Been there. Done that. Might as well move to where some compensation exists and start getting paid in crypto for our time on the site. Then in the process, we may also find a new tribe of like-minded, creative-crypto people.

Crypto-Art Conclusion

With all of these new categories of opportunity for digital artists, there is a bit of a learning curve to know how to access the full benefits of these new systems--or even where to start first. Yet artists are learners, risk takers, and observant people themselves. In time those who want to be part of this new crypto-art movement will learn the ins and outs as lifelong learners.

I hope this introductory article on how artists are migrating their business onto the blockchain for increased growth has stirred your curiosity--to say the least. In all my years as an artist I have never seen so much rapid development and economic opportunity for the creative mind. There is no way to tell how rapidly these markets will grow. Neither is there any way to determine which of the opportunities discussed here will be the most beneficial. Therefore, over time, perhaps look into each category. Test the crypto-waters, so to speak. As for me, I will be looking forward to these and probably many more art innovations as crypto-markets mature and increase in adoption. Hopefully, I will see you around the crypto-art universe too!

Joe Chiappetta
http://SillyDaddy.net

Bitcoin for Silly Daddy - comic by Joe Chiappetta

How many years are we away from a scenario where paper money is frowned upon and even rejected?

Of course no person in their right mind would be so ungrateful (or foolish) as to turn down any form of currency as a gift. But there could come a time when early adopters of cryptocurrency actually prefer to receive money exclusively in bitcoin or other alternative digital currencies. What is Bitcoin? It's a new kind of encrypted digital currency that is already being used on a global scale. The future is here now. And it is not just limited to Bitcoin. There are many other rising digital assets that operate like coins, tokens, and currencies on a new and digital level. For example, Ethereum is another of these rising new cryptocurrencies to watch.

The Tribe of Crypto-Enthusiasts

Cryptocurrency users are usually highly proactive about how to help newcomers cross over to wider digital currency usage. More and more, cryptocurrency users will teach others how to understand and use these new assets. It's been going on for many years already. This is a rapidly expanding and real movement: the Bitcoin Movement, the Cryptocurrency Movement, the Digital Asset Explosion. The names may vary, but the results are world-changing, largely because avid users of these cryptocurrencies operate not unlike a tribe. These groupings of people with shared values are collectively bringing our culture to parts unknown.

While much excitement is associated with all of these digital innovations, no form of money or asset should ever be a cause to live for. People must live for things eternal, and helping others along the way. Nevertheless, every movement needs at least a few good cartoons. Here I offer a Cryptocurrency Movement cartoon from the Silly Daddy Comics Universe. You might even call this a cryptocomic.

As a cartoonist, I am looking with a keen eye to see the mediums in which cryptocurrencies like Bitcoin and Ethereum can advance and prosper for all parties involved, because creators and entrepreneurs can benefit from certain paradigm shifts. I remember when webcomics were a new concept in the beginning of the Internet. Early adopters were trying to figure out an easy way to send micropayments to creators. That never really got off the ground... until recently. Indeed, cryptocurrency and comics make a great combo for an online tipping platform. It will be fun to see what the future holds and watch as more people get on board the crypto-ship.

Calculated Risk

Before jumping in on the cryptocurrency bandwagon, there's a lot more information that a person must weigh out. Most investments (including buying things like Bitcoin) are really calculated risks. It's not much different than gambling, which is mostly about odds, chances, and even gut level feelings. But a calculated risk--an investment--in any cryptocurrency like Bitcoin or Ethereum is best done after a person reviews enough information to make an educated decision. Each person needs to determine if their level of risk is acceptable. The main difference between a gamble and a calculated risk is that with the latter, there are more concrete facts to absorb and assess first. Gratefully, there now exists a wealth of tools and analysis, both pro and con, available about cryptocurrencies so that educated decisions can be made. In the end, each person makes their own choice.

In the case of Bitcoin, Ethereum, and a number of other alt-coins, people who hold these assets right now do get a real value for it. This isn't a case of "maybe this will be worth something some day." These digital assets are worth something right now. In the case of Bitcoin, a holder of the cryptocurrency can even use it to buy all sorts of things instantly at this very moment online.

Peeking into the Crypto-Future

As for the future, only God knows what will really take root, whether it be Bitcoin, Ethereum, the US Dollar, or even some other cryptocurrency. Perhaps one day, I may even launch ComicCoin, or SillyDaddy Dollars as digital assets. Yet for now, based on all the information I have absorbed, I believe Bitcoin, Ethereum, as well as the US Dollar have a place in all of our futures. Despite controversy surrounding each of these currencies, they each have a lot of support and a lot of motivated people/organizations fighting diligently for each currency's perpetual establishment and expansion.

Therefore, unforeseen apocalyptic events aside, I imagine that there will be a significant place for cryptocurrency and the US Dollar in the years to come.

Joe Chiappetta Art • Comics • Books

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