Cryptocurrencies Might Be The Next Big Thing Transforming The Art Market

But seriously, what does that even mean? Meme-able art may turn into money, basically. “The most spectacular proof of this concept has been CryptoKitties. These cute virtual felines have a collectibility — and tradeability — that has attracted more than 235,000 registered users and more than 37,000 Ether, or about $52 million in transactions, according to the company. Cryptokitties.co charges 3.75 percent every time a cat “breeds” with another or is sold in its own marketplace. In December, one of the 100 ‘Founder Cats’ traded for 253.3368 Ether, equivalent at the time to about $111,000. (It would now be more than $300,000.)”