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Pros and cons of Async Art
Pros
Unique creation tool. Create dynamic NFTs with multiple states and ownable, sellable layers.
Digital artists and musicians are welcome. Apply to become a creator as an artist or musician.
Mixed marketplace. Music and digital art is preferred, but Async Art has over 10 NFT genres on the platform.
Fees standard. Async Art's fees align with other marketplaces, and has a 10% creator royalty.
Cons
Not super popular. The platform's trading volume is way below other NFT marketplaces.
No mobile app. It has an app, but it's only for Apple TV and is exclusively for displaying owned NFTs.
Fiat not supported. All purchases must be made with ETH.
Innovative NFT concepts like generative art and mutations are capturing the imagination of a generation of digitally-native artists. Async Art is a platform that brands itself as "Art that changes over time," and is a place where you can create, collect, display and learn about NFTs.
Our take on Async Art
Async Art is a unique NFT platform that allows artists to create NFT art that can change over time, respond to its owner or use data to change its look — all without knowing any code yourself.
The platform does this with its Canvas tool, allowing you to create NFT "master" pieces and the individual NFT "layers" that make up the master.
For example, when creating art or music on programs like Photoshop or Fruity Loops, creators can "layer" their work. Any given piece of work on these programs can have multiple layers to view, remove or add to make the main piece look or sound different.
Async Art takes this utility from major creation tools and uses it on its platform, allowing NFTs to have layers that change over time. Each masterpiece can have multiple layers, and the owners of those individual layers can alter their layers to change the master piece that it belongs to.
Image source: Async Art, YouTube
These changes can include color, transparency, size and more — these are called state changes. The artist determines how each layer can change, and only the owner of the individual layer can change the state.
Or, the pieces on Async Art can have multiple states and no ownable layers; it's up to the artist.
Image source: Async Art, "Dream Landmarks" by Frank Achon
Take a look at the two images above. Both images are technically the same piece of art, but it comes with multiple states. The first image is State 4: Sunrise and the second image is State 3: Night.
Async Art best describes the concept this way: "The artist creates the sandbox and lets the community express themselves within it."
Layer changes can also change over time, be driven by weather, change with the stock market or shift with the time of day.
About Async Art
Async Art launched on January 1st, 2020, and is based out of California. The platform's founders are Conlan Rios, Lisa Liang and Nathan Clapp.
The platform's bread and butter is its programmable art that can be altered with separate, ownable layers.
Async Art features multiple explanatory videos that explain how its unique Blueprint art and music NFTs work. You also have a video explaining the difference between digital art and NFTs. These extras are a nice touch to help new artists get used to the platform.
Async Art has a hefty blog and help center, featuring useful information on how to become an artist, how the art works and general FAQs on using the platform.
Data and acquisition company DappRadar reports that there are 743 transactions on Async Art in the last 30 days between 84 unique wallet addresses. The total value of assets in the application's smart contracts is around 47 ETH, or $45,836, at the time of writing.
Image source: Async Art
Async Art blockchain and currency
Async Art is built on the Ethereum blockchain. For all purchases, minting and adjusting owned layers, you need ether (ETH), Ethereum's native asset. All NFTs on the platform are ERC-721 tokens.
Luckily, ETH is widely available for purchase on multiple cryptocurrency exchanges.
Gemini is a cryptocurrency exchange with a simple UI that's user-friendly and accommodating to newcomers and experienced traders.
Gemini's strongest point is its Gemini Earn program, which allows users to earn up to 7.4% interest on specified cryptocurrency balances.
Gemini has a wide selection of cryptos available for exchange on the platform. However, some notable entries from the top 20 by market cap are missing, such as Cardano and Solana.
Deposit Methods
Bank transfer (ACH) Cryptocurrency Debit card PayPal Apple Pay Google Pay SWIFT
Deposit Fees
Cryptocurrency: None Bank transfer (ACH): None, bank fees may apply Wire Transfer: Determined by your bank Debit Card: 3.49% + Trading Fees Paypal: 2.50% of total deposit amount + Trading Fees
Withdrawal Fees
Cryptocurrency: None (for 10 withdrawals and below per month) Others: None (for 10 withdrawals and below per month)
Trading Fees
Taker fee - 0.03-0.4% Maker fee - 0-0.2%
What types of NFTs are available on Async Art
Async Art mainly focuses on art and music NFTs, but it also features multiple NFT genres, classifying it as a mixed NFT marketplace. All NFTs on the platform are ERC-721 tokens.
The NFT genres on Async Art are:
3D
Collaboration
Collage
Generative
Glitch
Illustration
Interactive
Minimalism
Mixed Media
Notable
Painting
Photography
Text
Vector
There are two NFT genres unique to Async Art: Interactive and Generative.
The Interactive category — or Async Interactive Artwork category — features the programmable layered art and music.
The Async Blueprint work, called Generative art or music, is an NFT collection generated from a single source with a limited number of Editions, and each are random and unique — aka, generative. Art Blueprints can also contain some audio.
Image source: Async Art
How to buy NFTs on Async Art
Async Art is built on Ethereum and supports four crypto wallets to sign in with: Coinbase Wallet, FormaticVector, MetaMask and WalletConnect. You also need to create a username and add your email address.
From there, you can start browsing for NFTs. Filter your search for art or music Blueprints, which are Generative pieces. Or search through the art and music Interactive/Dynamic NFTs.
Image source: Async Art
Once you find an NFT you want to buy, follow these steps:
Choose the NFT you want, view its artist, current owner, see if it has Ownable Layers or has autonomous layers, date of creation and more.
Log into Aysnc Art if you haven't already.
Proceed with purchase, and connect your ETH-compatible wallet. You need ETH for purchases for the sale price and for gas fees.
Be sure to examine the layers, if applicable. Some are available for immediate purchase and others are in an auction format: "Open to bids."
Once your purchase is complete or you win an auction, the NFT is sent to your wallet's address.
How to sell NFTs on Async Art
To sell NFTs on Async, it's fairly simple and much like other NFT marketplaces:
Log in to your account, and select the NFT you want to sell.
Select the Sell button next to the NFT.
Select a sell option: auction, buy now or private sale. Know that setting up an auction requires paying a gas fee.
There are a few things to note about auctions. The first time you set up an auction on the site, you must grant permissions to the auction contract. You only need to do this once, and the platform walks you through the process.
Secondly, auctions come with a reverse price, countdown timer and an optional Buy Now price. This must be 25% higher than the reserve price.
Image source: Async Art
Minting on Async Art
You must apply to become an artist on Async Art. Apply as an artist or a musician, and links to the application are accessible on the site's homepage. You must have an account to apply.
After you've completed the application, the Async team reviews it. The platform says the response time is within a week, but this can vary.
You don't have to be a verified artist on Async Art to use the Canvas tool on the site, though — you only need to be accepted to mint and list NFTs for sale.
Image source: Async Art
Once you're accepted as an artist and have created a custom piece using your tool of choice or Async Canvas, it's time to upload your work and sell it to your community. Once you've uploaded your piece, you'll see a Sell button when selected.
Async Art fees
Async Art claims that its fees on NFT sales are competitive in the industry, starting as low as 10% on a primary sale. Fees vary because you can sell custom NFT art or art created with Async Art's internal tool, Async Canvas.
NFTs can also be sold on secondary markets and the original creator can retain a 10% royalty.
Primary sale (Canvas created)
Async Art takes 10%, artist receives 90%
Primary sale (custom created)
Async Art can take between 20% to 30%, artist can receive between 70% to 80%
Secondary sales
Async Art takes 1%, artist receives 10% in royalties, secondary seller takes 89% of sale price.
How the Async Art app works
Async Art does have an app, but it's a gallery app exclusive to Apple TV. It's basically a display app that lets you view your owned art via Apple TV.
Async Art's unique features
Async Art's most unique feature is the Canvas tool that allows you to create its layered NFTs with master pieces. It's accessible to anyone with an Async Art account, even if you're not a verified creator on the site.
Image source: Async Art
Is Async Art legit?
Async Art is a legitimate NFT marketplace and platform to mint NFTs. One of the platform's NFTs was auctioned off on Christie's, a British fine art auction house that's been around since 1766.
There's no evidence that Async Art has been hacked or experienced a security breach, but that doesn't mean NFTs featured on the site are guaranteed. While Async Art does require a creator application to list original NFTs, there's still a risk of running into NFT scams like rug pulls, fake NFTs or even phishing scams pretending to be Aysnc Art.
For more information on protecting yourself in the world of NFTs, read our NFT scams guide.
Compare marketplaces to buy NFTs
Bottom line
Async Art is a unique platform, with a new spin on creating dynamic NFTs with community engagement. It's a neat concept, but in terms of engagement and trading volume, it's far behind other major NFT marketplaces such as OpenSea, Nifty Gateway or Foundation.
If you're a creator that loves dynamic art with layers and "if this, then that" conditions, Async Art could be worth checking out. If you're more of a collector, the dynamic pieces could add a nice flair to your collection, but blue-chip NFTs are missing; Async Art is more for creators than big-name collections featured on other mainstream platforms.
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Bethany Hickey is a personal finance writer at Finder, specializing in banking, lending, insurance, and crypto.
Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt.
Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others.
Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine.
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Image source: Async Art, YouTube
Image source: Async Art, "Dream Landmarks" by Frank Achon
Image source: Async Art
Image source: Async Art
Image source: Async Art
Image source: Async Art
Image source: Async Art
Image source: Async Art
