The project, called the Forever Rose, was produced by artist Kevin Abosch and GIFTO, virtual gifting platform on blockchain — a digital ledger. It’s the technology that supports cryptocurrencies such as bitcoin, but in this case it’s hosting a digital picture.
Crypto-art is a new market. While you can’t touch the artwork or hang it in your home, collectors can choose to hold their “rose token,” sell it or give it to someone for a special occasion.
It’s an abstract concept designed to get people thinking about how blockchain technology could be applied to the art world, according to a press release from both parties.
“People traditionally have valued things they can see and feel. But some of the most valuable things — like love, for example — can be felt but not seen,” Abosch told CNN. “Art reduced to its core essence is about the idea.”
Abosch is most well known or selling a photo of a potato — called “Potato #345” — for more than $1 million in 2016. He is also recognized for his celebrity portrait photography…