Nyan Cat turns 10 this year, and to celebrate the occasion, a one-of-a-kind version of the iconic gif is auctioned.
And (Chris Torres), the artist behind Nyan Cat, reworked the original animation and sells it through The Foundation encrypted art platform, And the auction lasts approximately 24 hours.
Nyan Cat is a YouTube video uploaded in April 2011, and the video combined a Japanese song with a cartoon cat flying in space and leaving behind a rainbow effect.
And it increased in popularity The art of coding Over the past few years, there are now a number of digital markets, including Zora, SuperRare, and Nifty Gateway, where collectors can buy and sell digital businesses.
And last year, digital artist Beeple sold a series of works for more than $ 3.5 million in total, and the musician Deadmau5 sold thousands of digital pins, stickers, and other collectibles in December.
Buyers of these works get the privilege of owning a piece of digital art, and the artwork usually comes with a license that allows the buyer to display it for personal use via a social media page, another digital marketplace, in a gaming world, or in a virtual museum.
Artists generally retain all intellectual and creative rights to the works, and in some ways this means that buyers only purchase the bragging rights.
Crypto art pieces are generally sold through non-exchangeable tokens, or NFTs, which are unique digital tokens that live through the blockchain and verify ownership of the piece.
Digital artworks can be resold, and in some cases – as in the case of the coded art platform The Foundation – artists continue to make a portion of future sales.
This means, like a lot of other things that involve blockchain, that there is also an element of investment and speculation when buying crypto art that you may be able to resell a business for profit in the future.
Torres says coding offers creators like him a way to directly profit from work that spreads freely across the web.
He added: This gives power to the creator, as the content creator owns it in the first place, and can then sell it and generate income directly and acknowledge his work.
And Torres also built a licensing company around Nyan Cat, so that the character could appear in games or transform into games.
To rework Nyan Cat, who turns 10 on April 2, Torres reverts to the original motion picture to make it bigger and fix the minor flaws that have bothered him over the years.