Source | Cross Cut
New funding model for the arts or environmental hazard? Local artists, collectors and entrepreneurs are jumping into the fray
New Year’s Day 2021 was a historic moment for artist Victor L., aka FEWOCiOUS or “FeWo.” It was his 18th birthday, but more importantly, his artwork had sparked an online bidding war. On offer was a pair of brightly hued surrealist collages with googly eyes called “Afraid to be Myself” and “Over-Analyzing Again.” Both sold in less than 24 hours — for a total of nearly $90,000.
“IMGONNA FAINT I CANTBELIEVE THAT JUST HAPPENED,” he tweeted.
Since then, FEWOCiOUS (who did not respond to an interview request) has made hundreds of thousands more from online sales of his work. This recent success has brought the self-taught artist internet fame, multimillion-dollar sneaker “collabs” featured in the Wall Street Journal and helped him realize his dream of moving from Las Vegas to Seattle. Here, he’s part of the growing cadre of young artists who are monetizing their digital art by way of cryptocurrency — and in the process, kicking the “starving artist” cliché squarely in the solar plexus.
What’s remarkable is not just the age contingent and price range of this new art market, but that all of this is happening on entirely digital platforms. Welcome to the booming — and controversial — world of crypto art.