pixEOS Redefines Art Functionality for the Digital Age

Redefining Art Functionality for the Digital Age

As technology continues to leap ahead, how does art fit in to an increasingly dynamic and digitized landscape?

When blockchain technology comes up in conversation, talk often turns to the market momentum of various cryptocurrencies. Volatility might make for great headlines or smalltalk, but dig a bit deeper and there is a more extensive list of use cases that go beyond mere price action.

For one startup in this field, expanding use cases for cryptocurrency is something that has become a primary focus on the road to a greater mission. pixEOS, the art collective and gamified smart economy, has been hard at work creating a platform for artists, gamers, and collectors to reap multiple benefits from being involved in their ecosystem. They are doing this on a more recently developed blockchain called EOS. It is similar to Bitcoin, but features more elastic programmability, higher transaction throughput, and nullifies user transaction fees.

To best achieve their goals, the pixEOS team has been working on a universal protocol for decentralized applications alongside many partners in the EOS community. The collaboration among startups, venture capitalists, artists, technologists, and like-minded blockchain companies has the potential to revolutionize the world of digital goods. In fact, their collective accomplishments are already changing how the world interacts with and sees value in a new form of art called “rare digital art.”

Digital Solutions for a Digital Age

In a digital age, the future of art lies in digital innovation. Once such solution involves art sales powered by blockchain based systems, enabling instant delivery from artist to collector without the need of intermediaries. Rare digital art on the blockchain makes such transactions possible. Digital art can now be cryptographically tied to a token and art metadata on a blockchain based ledger. Through this technology, artists can manage the rarity of their art. They can issue one-of-a-kind pieces or limited edition pieces. With blockchain technology, digital scarcity can now be publicly verified. It’s a feature that artists and collectors both want; and now it’s here!

For art lovers, authenticity is everything. It is often a costly endeavor to establish provenance for fine art, which is essentially the fingerprint as well as ownership history of a particular piece of artwork. In a market abound with forgeries often indiscernible to the naked eye, an industry has been built around certifying rare art. The companies that control the prices for this industry are relatively centralized, and what’s more, even experts can be fooled. A recent case in 2018 serves as proof that with a modernly applied aging process, a fake Jackson Pollock might fetch as much as $17 million. Events like this remind us that the legacy method of certifying art leaves much to be desired.

A Tokenized Smart Economy

Helping to facilitate every aspect of the pixEOS art and gaming ecosystem is the platform’s native currency, PIXEOS Tokens. After onboarding artists with an identity verification system that utilizes PIXEOS Tokens, they will be able to use PIXEOS Tokens to issue rare digital art, host exhibitions in the Grand pixEOs Art Gallery, as well as set prices for their work in PIXEOS Tokens. Collectors will be able to use PIXEOS Tokens to bid on rare digital art in the pixEOS Auction House, which will also accept listing fees in PIXEOS Tokens.

In addition to art, pixEOS sees the potential for a wider world of games with blockchain based assets. The very first game launched on the platform was pixEOS paint. When you paint on the digital canvas right now you can earn PIXEOS Tokens, or strike a Lucky Pixel worth an EOS prize. In the near future, you’ll be able to play a number of different games in the pixEOS Game Center, all of which utilize and offer rewards in PIXEOS Tokens. pixEOS plans to continue releasing new original titles inspired by the community’s favorite retro games, offering crypto-gamers a place to enjoy a classic arcade experience.

If you’re interested in passive crypto income, with the staking system, PIXEOS Tokens holders may stake their tokens to receive daily and weekly rewards in additional PIXEOS Tokens and EOS. These rewards are dependent on overall platform volume. Soon you’ll be able to exchange PIXEOS Tokens across a number of our partner’s networks, so the rewards from keeping tokens staked may increase in value over time. However, always keep in mind that cryptocurrency is relatively new technology and prices can be volatile.

Collaborating In A Thriving Ecosystem

pixEOS has already laid the foundation for interoperability between various applications with blockchain backed assets. Our pixEOS Avatar Maker associates data points with an EOS account and stores it on the EOS blockchain, which other sites can refer to in order to reveal that account’s avatar on their platform. The pixEOS Avatar Maker is already integrated with a number of EOS applications including DICE, bloks.io and EOSPayout.

Blockchain technology has many exciting, creative, and useful applications. pixEOS has only scratched the surface on what is possible with blockchain backed assets, and the team is just getting started. To find out more about the pixEOS project, get involved, or inquire about becoming a partner, get touch with us at info@pixeos.io.

pixEOS Official Links:

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pixEOS Redefines Art Functionality for the Digital Age was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.