These are exciting times, indeed. Being in the art gallery business and working with artists all the time, art/creativity on the blockchain is certainly something I try to keep my eye on.
One of the issues artists often face is how to "archive" their body of work in a safe yet accessible manner. The possibility of using some form of blockchain technology to create a permanent archive of an artist's body of work definitely has a lot of practical appeal.
Not sure if such a thing is in the works... one has to consider such a function would be more "archival" than "commercial."
RE: My 2 Satoshi: What to Expect from Blockchain Art