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Blood, Lambos, Earn Kevin Abosh $1M from Crypto Art

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Blood, Lambos, Earn Kevin Abosh $1M from Crypto Art

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An artist’s desire to experiment with conceptual cryptocurrency art connected to elements of his physical body, including his own blood and luxury icon Lamborghinis, have made Kevin Abosch over USD 1 million.

Kevin Abosch is a conceptual artist and photographer that lives in New York and has been experimenting with cryptocurrency art. One of his artworks, Forever Rose, is considered the most valuable virtual artwork in history and the most expensive piece of art ever stored on a blockchain.

In January, he created 10 million IAMA Coin tokens using the Ethereum ERC-20 protocol, and had the desire to not just let these tokens be pieces of digital art, but to somehow connect them to his physical body. He accomplished this by drawing six vials of blood, and then stamping 100 blockchain addresses where the IAMA Coins reside onto 100 separate pieces of paper using his blood.

There is a notion in the cryptocurrency world that profits from Bitcoin’s colossal rise are being used to buy Lamborghinis, the popular and extremely expensive Italian sports car, and Kevin Abosch made a piece of art based on this. He created an ERC-20 token named YLAMBO, short for Yellow Lamborghini, and turned its blockchain address into a glowing yellow neon sculpture. The sculpture was purchased by Michael Jackson – former Skype COO and not the deceased singer – for USD 400,000.

The most expensive piece of cryptocurrency art that Kevin Abosch has created has no physical presence, but a digital ERC-20 token named Forever Rose. The Forever Rose token was purchased by 10 collectors who spent USD 100,000 of cryptocurrency each. Payments were made via IAMA Coins and GTO Coins on the GIFTO platform, which is a decentralized exchange of virtual gifts. Each collector received a tenth of the Forever Rose. All the money collected from the sale of Forever Rose was donated to CoderDojo, which teaches children programming for free.

His next project is tokenizing Manhattan; he has created a token for every street on the island and printed ERC-20 contract addresses on a 6-foot high map. Collectors will be able to send a few dollars of Ethereum to each address in order to purchase the associated token.

Abosch’s Yellow Lambo sculpture and a picture of an IAMA Coin address stamped with his blood can be viewed in this New York Times article. He is planning on continuing his experimentation with cryptocurrency art.


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