With investors such as Elon Musk and Chamath Palihapitiya backing the purely digital art form, the trade is beginning to take notice

Interest is growing in Non-Fungible Tokens, which represent digital works and proof of ownership

The partnership is the latest collaboration undertaken by the growing blockchain-based art registry to increase “transparency” in the art market

The firm announces a $7.3m group investment, following the acquisition of Auction Club and partnerships with Christie’s

The acquisition will make public 4,000 international auction house sale records

Digital initiative will invite users to explore and sponsor more than 190,000 works in the collection

David Hockney was latest white male artist to set a record this year

Estimated at $300m, the sale of American Modernist masterpieces will be digitally encrypted by the blockchain startup Artory

"Blockchain participants have had little guidance from regulators as to how they plan to shape the law so as to protect against criminal activity"

The technology offers the promise of a world in which a work of art’s provenance is held on a single database—if it lives up to the hype

Christie’s summit weighs up pros and cons of the technology and how it might bring greater transparency to the art market

Curious new relationships between art and capital are being enabled by cryptofinance, which places “monetary value” at the heart of the creative process

New research suggests that artists may be better off retaining equity in their own work than investing in the stock market

The software has the potential to improve transparency, copyright and ownership issues