Article: Invisible Labor, Visible Value. Blockchain’s Impact on the Economics and Recognition of Digital Art
Author(s):
Abstract
Digital art has historically encountered market challenges related to authenticity
and reproducibility. This article explores the impact of blockchain technology on
digital art’s valuation, visibility, and structural organization, emphasizing artistic labor
and decentralized networks. Blockchain, through mechanisms like NFTs and smart
contracts, offers provenance, secure ownership, and visibility of labor, leading to
improved economic recognition. Additionally, DAOs are stabilizing new models
for collective involvement in artistic creation and decision-making, redistributing
agency among artists and communities. However, this infrastructure also facilitates
the commodification of social interaction and cultural value, subjecting artistic labor
to speculative market forces and raising concerns about tensions between community-
driven art practice and financial speculation. Evolving legal regulations like Mi-
CAR will determine the long-term viability of these frameworks. Thus, blockchain presents both opportunities and significant risks for a more transparent, equitable,
and dynamic art ecosystem, increasing artistic labor‘s visibility and incorporating
collective valuation models.
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