2020 was a banner year for the nascent and blossoming cryptoart scene, which is so dubbed because its participants create artworks as non-fungible tokens (NFTs), selling or auctioning the pieces on blockchains like Ethereum in exchange for cryptocurrencies like ETH.
As the cryptoeconomy turned increasingly bullish this year, interest accordingly surged around NFTs and cryptoart, too. This led to pioneers in this novel creative arena achieving new heights of acclaim and success, and lots of new artists and collectors arriving to check out the ecosystem for themselves.
The results of this cryptoart wave so far have been impressive. On popular Ethereum art platform SuperRare alone, artists and collectors have respectively earned $4.5 million and $1 million to date, for example.
As you can imagine, then, much of this activity has come this year as interest has picked up. Yet for all this activity, there’s still plenty of room for growth when it comes to cryptoart analytics.
There are already great providers in this sector, like OpenSea and NonFungible.com. But there’s been growing demand for projects that offer deeper data insights into cryptoart in particular, so the good news is two such efforts entered the limelight this week: cryptoart.io and NFTArtPulse.
Richard Chen’s cryptoart.io
Richard Chen is a partner at renowned crypto investment fund 1confirmation, which counts among its backers major investors like Marc Andreesen and Peter Thiel.
In recent weeks, Chen has been working on cryptoart.io as a labor of love side project tracking cryptoart data on the biggest cryptoart platforms, including SuperRare, MakersPlace, Nifty Gateway, and more.
The free and newly released website is useful because it offers insights into +1,000 cryptoartists, the most expensive NFT art pieces, and Ethereum’s wider art market in general.
In a thread on the new website’s release, 1confirmation general partner Nick…