The London and Los Angeles-primarily based artist after dubbed “the up coming Andy Warhol” by actor Michael Caine, Lincoln Townley, has bought an complete assortment of operates in trade for cryptocurrency through common social media system Wechat.
Present-day Artist Sells Complete Collection for Cryptocurrency Applying Social Media
Present-day British artist, Lincoln Townley, has manufactured headlines soon after advertising an complete assortment of work for cryptocurrency making use of Wechat.
The artist, who frequently employs social media to distribute his work, lately mentioned in an interview: “I’m generally hunting at methods to do items in different ways in my route to market.”
“There is no two methods about it,” Mr. Townley ongoing, “The people today who commit in Bitcoin are without doubt speculators – they are hunting at something with much more of a hazard. But which is why I assumed to myself, these are the kind of people today that would be fascinated in buying my artwork as an extension to their financial investment portfolio.”
“The ideal matter is it fuels my belief that galleries are secondary to an artist’s good results – they just need to search at galleries as a further string to their bow. There are so quite a few other methods to get revenue with technology,” Mr. Townley additional.
Decentralizing the Art Marketplace
Mr. Townley states that his developing of a network of artwork consumers who make contact with him right by means of social media is “shaking up the artwork planet,” emphasizing the elimination of middlemen in the brokering of artwork transactions.
Mr. Townley asserts that a range of cryptocurrency buyers are also artwork collectors, stating that quite a few of them are “looking for a tangible asset they can put this newfound currency into.”
The artist expects that cryptocurrency charges will continue on to rise, stating: “I imagine there is a huge market for growth, with it being something that is heading to inflate in value. Consequently, inflating in value will give you much more of a auto to purchase artwork in the long term.”
Do you imagine that much more artists will search for to provide their operates for cryptocurrency? Share your thoughts in the feedback segment down below!
Pictures courtesy of Shutterstock, Wikipedia
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