Bitcoin Artist on NFT and OpenSea Minting

“Art is not a thing, it is a method,” said American writer Elbert Hubbard. For Bitcoin (BTC) artists, this method is inspired by Bitcoin, its code, its philosophy, and its image. In some cases, they are even inspired by memes. For some Bitcoin artists, Bitcoin has become a ‘lifestyle’, inspiring the way they do business, accept payments, and interact with customers.

Cointelegraph talks about Satoshi Nakamoto’s 13-year-old invention, what inspired the Bitcoin artists, and how minting non-fungible tokens (NFTs) has helped them develop their art. I asked if the “how to” could be complemented. Ultimately, NFTs are unique digital receipts that exist on the blockchain to prove ownership of purchases. Do artists want to prove ownership of their hard-earned art?

Lena poses with one of her creations. Source: justlenasart

Bitcoin artist Lena, who recently moved from Germany to crypto-friendly Dubai, jumped down the Bitcoin rabbit hole in 2018 before starting to create, paint and print Bitcoin artwork. She changed her approach and eventually passed on. She currently manages a Bitcoin “maxi-style” portfolio.

“My mindset changed and I started working on myself, asking myself what I would do with my life because of Bitcoin. It should be poured in.”

When speaking to people in the crypto community, she describes herself as a Bitcoin artist, and crypto enthusiasts ask, “Oh, are you doing NFTs?” She told Cointelegraph: Taijutsu! ”

“OpenSea is full of art that isn’t art.

But countless artists make a living by generating AI artwork and selling or minting it as NFTs on platforms like OpenSea. The biggest stories of 2021 involved the Boredom Monkey Yacht Club and Cryptopunks, a collective of cartoon chimpanzees, plus digitally rendered imagery and art.

The hype around NFTs has reportedly died down in the 2022 bear market. Still, big name brands such as Starbucks continue to stay on trend, with luxury jeweler Tiffany & Co seeing a 1,700% increase in transaction volume following the NFT move in August.

When asked if FractalEncrypt (anonymous Bitcoin artist) will release NFTs of their art in the future, they told Cointelegraph: FractalEncrypt sculpts the massive, impressive and time-consuming bitcoin full node structure and hides it in locations around the world.

“I created NFT in 2017/18 and the more I researched, the more disenchanted I felt. would be a fraudster.”

FractalEncrypt explained that the link between art and tokens was “temporary at best and blatant misrepresentation/fraud at worst”. They compare NFT issuance to be similar to tokens issued by centralized companies, which is problematic and could even lead to litigation.

But that doesn’t mean FractalEncrypt abandoned NFT technology from the start. Like Lena, the two artists were interested in her Ethereum-based technology when it first appeared.

“When an artist issues NFT tokens and sells them to others in the hope that their value will increase, the artist is put in a situation where they may issue securities.”

In fact, Wikipedia describes NFTs as “financial security consisting of digital data stored on a blockchain.” The US Securities and Exchange Commission has focused on certain crypto projects during the bear market. At the same time, litigation between the SEC and Ripple (XRP) regarding the latter’s XRP token is intensifying.

One of the FractalEncrypt sculptures.Source: Twitter

BitcoinArt, who chose to remain anonymous, is one of the few Bitcoin artists to venture into the world of NFTs. He told Cointelegraph that he was able to sell some of his NFTs of Bitcoin-related artwork, but that he didn’t enjoy the medium or the concept.

“I made some great Bitcoin pictures but I didn’t know how to mint them.Someone told me to mint them on OpenSea. …but the good news is they cut the middle by selling NFTs through Twitter for the SAT instead.Man out.I hate ETH.”

A recurring theme at this point, BitcoinArt likes to interact with prospects one-on-one. He enjoys the interaction that comes from discussing works of art.

One of my BitcoinArt creations, an astronaut in the Bitcoin universe.Source: Twitter

Lena also prefers a personal approach. She builds connections with her clients, spending hours sketching, painting, and painstakingly perfecting her client’s vision. In Lena’s words, the time spent on her art reflects the consensus her mechanism behind Bitcoin her protocol, Proof of Work. She told Cointelegraph that she doesn’t need NFTs because the process of creating a single piece of art is as unique and exclusive as Bitcoin. Here, Lena is making her statement with one of her own creations.

Lena makes a statement with her art. Source: justlenasart

FractalEncrypt mocked NFT’s visionary “high-time preference culture”. In fact, many of CryptoPunks’ biggest backers quickly traded allegiance to BAYC before jumping on their next glorious new collection.

Related: NFT Art Galleries: The Future of Digital Art or Another Crypto Craze?

Bitcoin, on the contrary, is movement. “Bitcoin changed my mindset, Bitcoin changed me,” Lena said. […learning about Bitcoin] It was a very meaningful chapter in my life. ”

Interestingly, a search for “Bitcoin NFT” on OpenSea reveals over 70,000 items. The door is still open for Lena. OpenSea was hit by a hack and wash her trade, but her jpegs of pixelated images worth seven figures are still for sale. She “feels like a bubble,” summarizes Lena.

Conversely, bitcoin has fallen more than 50% from its bubble high of $69,000, and “tourists” have checked out. We will not do anything.