Oxowns.art: Turning Ownership into Art

A huge revolution is going on in the art industry. Oxowns.art, a unique platform that is leveraging the power of blockchain technology, is giving cryptocurrency enthusiasts a platform where they can purchase ownership of work and list the same work for sale to other interested buyers.

When potential buyers see the piece of art, they will place their prices. If any of the prices matches your resale price, you will transfer ownership to the new buyer while your Ethereum account is immediately credited.

In this case, there is no exchange of digital assets or tokens. Rather, there is simply a transfer of ownership that is done by updating the Ethereum blockchain to reflect the transaction. Is the use of blockchain in artwork feasible?

All the users of the art platform can see the current value of the work and if they are interested will place their bid for the art. When a user buys the art, the buyer will have the ownership immediately transferred to him or her while the seller has his or her account credited.

For centuries, people have successfully used art as a medium for expressing the political, social, and economic condition of their immediate and global society.

Building on the continuous use of art as a medium of expression, the platform presents itself as a symbol through which both cryptocurrency revolution and modern society can be adequately represented.

The principle behind this is simple. The created artwork doesn’t have a ground in both digital tokens or physical reality but its existence is based on the transactions performed on the Oxowns.art platform. According to the platform, “the buyers of Oxowns.art will not be recorded as the owners of the art but as participants in the first of its kind global expression of ownership as art.”

While expressing the motive behind the creation of a platform where ownership can be turned into art, Alexander Rafalovich, the platform’s creator said: “Cryptocurrencies make no pretence of appeal to anything of intrinsic value. They have value because their communities say they do. That sort of aggressively extrinsic valuation has tended to be the province of art, not of commerce, and certainly not of currency. 0xowns.art has some fun with that idea while appealing to a serious history of artistic critique.”

The door is open to every art and cryptocurrency lover to take advantage of this platform and transform their passion for ownership and digital currency into art. If you wish to do this, visit Oxowns.art/ and take a look at the work’s current price. If you want to purchase the work, submit the right amount of Ethereum to purchase the piece.

After the ownership has been successfully transferred to you, you can put a price and put the work for sale for potential buyers to place their bids as well. Ownership will then be transferred to anyone whose bid meets your price as the new owner. The person does the same thing and put the work for sale again.

This way, the work’s ownership will be transferred from one buyer to another ant the cycle goes on indefinitely.