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Digital works that do not exist in the real world and cannot be touched are sold at high prices these days.
The value of the work is also rising because it is recognized that it is the only genuine product in the world through a kind of virtual certificate.
It is mainly using technology that is widely used to prevent counterfeiting in virtual currency, but now it is expanding not only to art but also to other fields.
Today (25th), we focused on this content.
Reporter Joo-sang and reporter No.
<Reporter Jusang Lee> An
official from an American blockchain company is burning the prints of British graffiti artist Banksy.
[Blockchain company officials: By doing this, the value of the work is converted to the blockchain NFT, and it becomes the only way to own the work.]
Even if the original print disappears, it remains as a digital artwork encrypted with the blockchain.
On the 12th, a work by a digital artist in the United States was auctioned off for $69 million and about 78 billion won in our money.
It is sold in the form of a file, and it is the value of blockchain art that cannot be forged and altered and that only you can have it.
In addition, Singer Grimes, famous for being the lover of Tesla Motors CEO Elon Musk, created a block-chained character called'War Fairy' and sold it for 6.5 billion won.
In Korea, such blockchain art transactions are becoming a reality.
The digital work applied with the blockchain was sold for 288 Ethereum and about 600 million won in our money through an internet auction on the 19th.
[Marie Kim/Artist: I think opening such a market where you can draw and sell pictures is very helpful in revitalizing art and can cultivate a lot of young artists.]
Representative auction company Seoul Auction will also enter the blockchain market in the second half of this year. With the aim, we started to develop a trading system and discover writers.
The idea is to create a new market where anyone can become an artist and anyone can become a collector by building a digital ecosystem of artwork.
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<Reporter Noh Dong-gyu> A
digital work that recently sold for over 600 million won is also a 10-second computer video file.
It is a story of being duplicated, and the duplication can be repeated infinitely like this.
By the way, NFT is a way for the creator of these digital files to use blockchain technology to give a kind of original certificate.
If you include information such as the creation time, owner, and transaction history of a work in a file, it becomes an NFT work that gives authenticity using blockchain technology in the digital world.
NFT trading volumes have quadrupled over the past year, especially in the art sector where authenticity is important.
Q. Why did you participate in the auction?
[NFT bidders: I'm a bit interested in investments and things like this, but these days, as well as real estate, I feel like I've seen a new market (in NFT auctions) personally.] The
range of applications has also been diversified.
Ownership of in-game items or creations that were guaranteed to be'digital authentic' was created, and ownership of short original videos edited from highlights of American professional basketball was also traded.
LeBron James' 10-second original NFT video was sold for 230 million won.
However, the evaluation of the NFT is still dubious.
There is also a view that it will be an opportunity in the domestic art world.
[Seonhee Choi/President of Gallery: Actually, it is very difficult to sell video work.
Because of the conversion to NFT art works, it opened a market where artists can actively and sell in a wider area...
.]
On the other hand, there is also an opinion that it is speculation.
[Simsangyong / Seoul National University professor: creating greater insight look at the art only one of the 'investment''s talk about that as you represent it to the value of the price]
assessment as controversy about the NFT to Bitcoin continues It is expected to be.
(Video coverage: Kim Tae-hoon, video editing: Lee Seung-jin, VJ: Kim Cho-ah and Oh Se-kwan, author: Kim Chae-hyun, CG: Hong Sung-yong, Choi Jae-young, Lee Ye-jeong, Seong Jae-eun, Jung Si-won, screen courtesy: YouTube Burnt Banksy)