Cryptocurrency millionaires stock up pricey digital art. What you need to know!

Cryptocurrency millionaires stock up pricey digital art. What you need to know!

Dubai: Billionaire and millionaire veteran investors who made a huge chunk of their savings buying and selling stocks and bonds often find themselves parking their money nowadays in fine art or priceless paintings. Some of the popular choices of art include Jasper Johns painting on the wall, Picassos in a bunker at the Geneva Free Port or, famously in the case of renowned US-based hedge fund manager Steve Cohen, a 14-foot tiger shark preserved in formaldehyde by Damien Hirst at the center of a penthouse living room. Digital art is an artistic work or practice that uses digital technology as part of the creative or presentation process. Since the 1960s, various names have been used to describe the process, including computer art and multimedia art. Digital art is itself placed under the larger umbrella term - new media art. Crypto art is a way of making digital art unique, and therefore, also making it more valuable. Normally, digital art is very easy to replicate due to the very nature of digital information. So, crypto art is a way of making digital files one-of-a-kind. Technically, it's not the art that isn't replicable; it's something that's linked to the piece of art,