As Gizmodo reported Friday, March 23, artist Andy Bauch’s new series of paintings, “New Money,” combines art and crypto with images that hide abstract codes in Lego paintings, with private keys representing wallets with $9000 worth of cryptocurrency content.
Purchasing a table does not mean you own the private key. Because anyone who understands the code can get the money themselves. However, Bauch told Gizmodo that he would give any artwork to the buyer with a clue. It also includes a live display of the changing prices of the cryptocurrency in the key.
As per press time, all cryptos remain in wallets.. This means that no one has been able to crack any of the codes or perhaps even withdraw the funds to the wallet yet.. Each image sells for between $1,500 and $4,800, the price not reflecting the value of private key wallets.
Bauch started collecting cryptocurrencies in 2016
Bauch told Gizmodo that he became interested in crypto in 2013. : “I wasn’t smart enough to buy it so I had a lot of money.” For this particular art project, Bauch started collecting various cryptocurrencies in 2016, including Bitcoin (BTC) and Litecoin (LTC).. He then used his own private keys to create an abstract pattern through an algorithm that allowed for his own personal aesthetic modifications as long as he kept his secret codes valid. Blockchain, the technology behind cryptos, can help artists claim rights on their projects, according to Daniel Zhai, CEO of INK platform.. In December last year, Zhai spoke about the potential of his Blockchain-based platform to help artists symbolize their projects and offer a space for crypto crowdfunding.