Blockchain Investments into Crypto Art

Aravind Meppadath parambil sasi

Master's thesis

Abstract:

Crypto culture is a relatively new artistic style that entails the artist creating masterpieces, often still or motion graphics, and distributing those through a cryptocurrency art gallery or through a media channel that uses smart contracts. We developed a "decentralized" policy paper on blockchain art, which incorporates comments from many actors inside this system, to demonstrate the concept from several angles and to underscore open difficulties (Ghosh et al., 2020). This research intends to investigate the application of blockchain technology in crypto art and its future prospects. Blockchain technology enables the sharing and recording of computer data without the need for editing, which provides numerous benefits to the sector. The study demonstrates that investing in NFTs can be profitable, but it is crucial to examine the ROI, NPV, and payback period for each NFT prior to investing. In addition, the substantial positive correlation between the purchase and selling prices for each NFT shows that investors should assess the original purchase price with great caution. Blockchain has the potential to transform the crypto art business due to the rising variety of applications for this technology, as well as its power to store and execute computer code.

Keywords

Cryptocurrency, Blockchain, Value generation, Crypto art, Payment Channel, Bitcoin, Non-fungible token (NFT), Ethereum

Language used: English

Date on which the thesis was submitted / produced: 2. 4. 2023

Thesis defence

• Date of defence: 5. 6. 2024
• Supervisor: doc. Ing. Petr Procházka, MSc Ph.D.
• Reader: Vladimír Hönig, externi

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme:
Economics and Management