Artist Kevin Abosch, who gained recognition in the blockchain ecosystem by selling his work based on an intelligent contract of Ethereum Forever Rose for $ 1 million in mid-February, is once again involved in the cryptographic world with his YLAMBO.
The work, called Yellow Lambo, consists of a notice created in neon lights that represents the direction of the smart contract of your YLAMBO token. This piece was purchased by Michael Jackson, Skype's former head of operations, who in 2015 joined the Blockchain.com platform team for $ 400,000.
According to Abosch, the objective of this piece is to reflect on the way in which we give value to things. He explains that, although at first he found vulgar the use of the #lambo tag on social networks, he later realized that this is a sign of the frenzy that surrounds cryptocurrencies.
This tag is used by the participants of the crypto community to express their profits with the accelerated increase of the cryptoactive or investment goal. This reference is so widespread that even the CoinMarketCap portal, during the first of April, changed its metric and represented the value of the cryptoactive with this vehicle.
In the words of Abosch:
"Depending on who you're talking to, a person might ask" why would someone spend $ 400,000 on bitcoins? "Another person might ask" Why would someone spend $ 400,000 on a car or on a work of art? An invitation to discuss how and why we value things. "
Kevin Abosch
Artist
This discussion is especially important in the blockchain ecosystem, as there are many works of art or collectibles that are sold at high prices.
In addition to Abosch's Forever Rose, which sold for $ 1 million and is the most expensive blockchain-based digital object in history, there are many CryptoKitties, Rarepepes and CryptoPunks that have sold for more than $ 100,000.
This field, without a doubt, represents a paradigm shift in the way we conceive and appreciate art. Abosch says that several people asked him how it is possible that something that can not be seen or touched could have value, which led him to think how healthy is the relationship of people with material objects.