If there’s ever been an artist suited for the digital renaissance of putting art on the blockchain, it would be Matt Kane — a traditional artist who transitioned into digital art by writing his own software and pushing boundaries impossible in the physical art world.
Kane is most known for his collection “Gazers,” which launched in December 2021 and is considered by many to be an OG among generative artists. He recently released his collection Anons, which is centered around understanding identity through art and immortalizing true anons from yesteryear.
Kane spent a chunk of his career as a software developer but was always experimental with different artistic mediums, including physical canvas. However, the limitations of the physical art world made the American ponder whether digital art could remove many of the barriers to better his vision for creating art.
“In my 20s and 30s, I was really trying to find what the right medium for my voice was. I’ve spent a lot of time experimenting with canvas and fabric because I was really interested in pattern. But I realized it’s not the medium that matters — it’s my vision. It’s how I get my vision and my mind out into the world,” Kane tells Magazine.
“Within that realization, I knew I had to learn to code because there’s so many physical limitations to traditional art. Code circumvents the limitations of our physical bodies and time. It allows us to manifest our visions, and so it’s become the perfect medium for me.”
Anon #3 by Matt Kane (anons.art)
Kane had heard about NFTs a week before CryptoPunks launched in June 2017 through a Quora article, but he remained an observer while he continued to create and tinker with digital art, a medium that had captured his deep curiosity as early as 18.
“When I read this [Quora] article, and it talked about NFTs — I understood from years before what Bitcoin was and the blockchain — it just all snapped, and I remember thinking, this is what I’m looking for. It’s going to allow me to sell digital work, and prints can be optional. What I’ll be creating are actually paintings as databases, and this is going to be the way that I’m going to be able to do that. To transmit files and ownership of the artwork,” says Kane.
Despite being introduced to the concept of digital art provenance via NFTs in 2017, it wasn’t until May 2019 that Kane minted his first NFT, M87 Black Hole Deconstruction, on SuperRare.
M87 Black Hole Deconstruction #6 by Matt Kane (SuperRare)
“I watched the space develop just before Punks and looked on. I was Googling blockchain galleries, and there were none. That was the paradigm I was in at the time. I thought I needed to find a gallery to represent me on the blockchain. Now I’m very much about self-representation and cutting out the middleman, but back then, I was still in that paradigm,” Kane says.
“In 2018, I watched places like Dada, SuperRare and KnownOrigin come out in the summer of 2018. I continued to watch for another six to 12 months and then decided to pull the trigger,” he adds.
Lost in code dealing with personal tragedy
Kane’s journey to digital artist stardom has been bittersweet, however, as he lost a close friend to suicide while on the way to visit her in 2013. This left the then 32-year-old devastated and even, at one point, contending with some of his own suicidal thoughts.
“During that time, I had left my life in Seattle trying to find something new and was already in an upheaval. Then losing her — it really threw me quite into an abyss. I was on the road and about a week away from seeing her. It made me wonder, what if I had visited her earlier? It was really devastating,” Kane shares.
“I ended up in Texas and just making really destructive decisions. I caught myself in a moment of my own suicidal ideations and realized I was in a really bad place.”
“The next day, I bought a train ticket to LA to go visit my friend out there, and I think I stayed out there for a month. It was out there that I kind of just took some breaths, and I assessed my life and where I was. I was looking into my future and understanding how devastated I was and understanding my desire to rejoin society, my desire to get on with my life. I had years in front of me that were going to be wasted, and so I decided I’m going to just start coding.”
“One of Us” Variation 1 (Vimeo)
Kane used coding as a way to distract his mind from the painful emotional baggage he was dealing with.
“It was math, and it was distracting my brain. I couldn’t think about emotions or how I was depressed. It was like I needed to figure out how to use sine and cosine to make this brush. It was really about building a tool of expression for the future when it would be safe to express myself again,” says Kane.
Had it not been for the tragedy of losing a loved one, Kane, in his own words, says he may not have pursued the artistic path he is now so well known for.
“It’s one of those things where it’s like I’ve had a lot of conflicts coming into success the last few years because I understand that had I not lost her, I never would have committed myself to digital art the way that I have. And that’s difficult because I would trade all the success to have her back in the world, but things can’t change.”
Personal style
Much of Kane’s work shows an immaculate use of color and reflects his sense of history and time.
“I think my hope is that my art marks time, especially with Gazers. It’s not necessarily any emotion that I’m trying to imply. I think we all bring our own experiences, and if an image pattern or whatever I’m doing in my art is really resonating with me in a strong way, I’ve always believed that it’s really going to resonate strongly with others.”
Gazers #25 by Matt Kane (OpenSea)
Gazers inspired by cavemen
While often cliche, NFTs are still incredibly new. Kane has stated that we’re in “prehistoric times for NFTs,” and the inspiration for Gazers is connected to the caveman days.
Leaning on his passion and ability to work with color, Gazers is a 1,000-piece collection with the moon as its centerpiece and acts as somewhat of a lunar calendar for the blockchain.
“People on Twitter were talking about how we’re in the caveman days of NFTs. What struck me about that was — it made one of these constellation connections for me. I knew that our caveman ancestors recorded phase calendars on antler bones, […] and they would use that to understand when to go, timewise, to attack a mammoth and whatnot,” Kane says.
The project’s website describes it as “algorithmically synching closely with moon phases in the sky, joining the blockchain with one of humanity’s longest running lineages in art. Gazers seeks to create a community of collectors celebrating the change of our perceptions that happen over time, our collective goals in crypto, and our love of color theory, astronomy, and generative art.”
Gazers #137 by Matt Kane (OpenSea)Gazers #126 by Matt Kane (OpenSea)Gazers #77 by Matt Kane (OpenSea)
Launched in December 2021 with Art Blocks Curated, Gazers has done over 8,800 ETH in secondary sales on OpenSea and still commands a 12.6 ETH floor despite being in the depth of an NFT bear market. Gazers are dynamic and have rules built into them. While possessing different rules, similarities can be drawn to 0xDEAFBEEF’s “Entropy,” which has a rule built in that when the NFT is traded, it degrades in quality.
“The way that each Gazer forms is it creates a color theory about it. It has different rules, so each month, different rules are formed that basically designate the color of your moon and sky. The frame around it stays the same, but the sky and the moon change. Then on the website, we track the lunations, so we have little previews to go back in history,” Kane explains.
“The moon phase changes over time, and some of the gazers are clocks — they’re all clocks. But some of them can also track minutes and hours, and those are really beautiful compositions because they play with the moon phases in a multilayered way.”
“I was really thinking about the future of art when I made Gazers. It accelerates over time. It speeds up one frame per second on average in each artwork every year.”
CryptoArt Monetization Generation: Sold for 320 ETH ($1.24 million equivalent on date of sale) on Oct. 18, 2021. (SuperRare)Surfacing Water Lilies IV: Sold for 110 ETH ($179,520 equivalent on date of sale) on Jan. 24, 2023. (SuperRare)Gazers #550: Sold for 46.5 ETH ($72,131 equivalent on date of sale) on Jan. 18, 2023. (OpenSea)
Rapid-fire Q&A
Influences
“I’m very eclectic, so it’s very strange, but Andy Kaufman [entertainer] is one. I got interested in comedy first, and Andy Kaufman is the comedian who made me understand that comedy is actually an art. It actually made me pivot from comedy to fine art. I also get around Mark Rothko [American abstract painter]. I really love his work and what he did in terms of layering, making these really thin layers of color. I was studying his work in my early twenties, and I’m still living off of that education that I learned.”
“Also artists like JOY [John Orion Young] and Josie Bellini. When I came into this, they were very self-representing. They weren’t using middlemen. They haven’t used middlemen as much in their careers on the blockchain, and I always admire that. Plus, they are fantastic artists in their own right. I like that principle, so releasing Anons on my own contract was a big deal because I felt like I’m joining you guys now, kicking the middleman out.”
Which hot NFT artists should we be paying attention to?
AwfulEye: “He’s legally blind in one eye, but he’s still painting with an iPad. I think he gets really close up. Recently, he’s been creating some code projects with the help of artificial intelligence. I find it incredible that you have an artist with a visual impairment using AI to help you manifest your vision. To me, it’s one of the reasons that we have AI, to benefit humanity.
Panter Xhita: “I’ve really been a big proponent of Panter. She’s Argentine and a surrealist. She’s fantastic.”
“I think that I’m so centered on the community. They all still make me smile. It’s the ones who are in Discord or on X [formerly Twitter] who give an update on what they’re thinking and feeling. They’re ever present in my life.”
Who do you listen to when creating art?
“Italian disco. Plus Giorgio Moroder. This playlist is what I’ve been listening to whilst creating Anons.”
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Greg Oakford
Greg Oakford is the co-founder of NFT Fest Australia. A former marketing and communications specialist in the sports world, Greg now focuses his time on running events, creating content and consulting in web3. He is an avid NFT collector and hosts a weekly podcast covering all things NFTs.
Despite the ongoing market meltdown on US trade tariffs, executives at major cryptocurrency firms Messari and Sygnum are bullish on institutional Bitcoin adoption later in 2025.
Speaking on a panel at Paris Blockchain Week on April 8, Messari CEO Eric Turner and Sygnum Bank co-founder Thomas Eichenberger said they expect a significant shift in the banking sector’s involvement with crypto in the second half of the year.
According to the executives, the global banking push into Bitcoin (BTC) services has great potential to happen in the second half of 2025 as regulators embrace crypto, including stablecoins and crypto services by banks.
“I think we’re probably looking at a muted Q2, but I’m really excited for Q3 and Q4,” Messari’s Turner said during the panel discussion moderated by Cointelegraph CEO Yana Prikhodchenko, forecasting “really interesting” things coming to the crypto market in 2025.
“When you look at the potential of having market structure regulation in the US, stablecoin regulation, and just the fact that across the board, not just President Trump himself, but the SEC and all these regulatory industries are really embracing crypto,” Turner said.
Paris Blockchain Week’s panel with Cointelegraph CEO Yana Prikhodchenko, Bancor co-founder Eyal Hertzog, Sygnum co-founder Thomas Eichenberger, Messari CEO Eric Turner, AWS fintech leader Alex Matsuo and Near chief operating officer Chris Donovan. Source: Cointelegraph
Sygnum co-founder Thomas Eichenberger said international banks with US branches are also poised to enter the market once the legal landscape becomes clearer:
“I think it’s a matter of fact that US banks are preparing to be able to offer crypto custody and at least crypto spot trading services anytime soon.”
“I think by then I would agree with you, Eric,” he continued, projecting a continued phase of market uncertainty until the US establishes a clear regulatory framework.
With the establishment of clear crypto rules for banks in the US, there will be a rush for crypto services by large international banks that are incorporated outside of the US but have a US-based presence, Eichenberger said.
“Some of them may have had their strategic plans in their cupboard to offer crypto-related services, but have been afraid that at some point they will be gone after by any of the US regulatory authorities,” he said, adding:
“Now I think there’s no one to be afraid of anymore in terms of regulatory authorities worldwide. So I think many of the large international banks will launch this year.”
Global trade tensions triggered by US President Donald Trump’s sweeping tariff measures may come to an end with a potential deal with China as investors remain concerned about escalation from both sides.
Trump’s April 2 announcement of reciprocal import tariffs sent shockwaves through global equity and crypto markets. The measures include a 10% baseline tariff on all imported goods, effective April 5, with higher levies — such as a 34% tariff on Chinese imports — set to begin on April 9.
However, the tariff negotiations may only be “posturing” for the US to reach an agreement with China, according to Raoul Pal, founder and CEO of Global Macro Investor.
“In the end, almost all the other tariff negotiations and rhetoric are all about getting China to agree a deal,” Pal wrote in an April 8 X post, adding:
“That is the big prize and both China and the US understand it and need it. Everything else is negotiation posturing. China needs a weaker $ and the US needs tariffs.”
In response to US tariffs, China imposed a 34% tariff on all US imports effective April 10, media outlet Xinhua News reported on April 4. China’s foreign ministry also vowed to “fight till the end” against Trump’s tariffs, which it called “bullying” by the world’s largest economy.
China overtakes the US in global trade. Source: Econovis
China overtook the US in 2012 to become the world’s largest trading nation by the total value of exports and imports, surpassing $4 trillion in goods trade that year, according to The Guardian.
Crypto markets watch trade outcome closely
As the trade dispute continues to evolve, analysts say a potential agreement between the two global superpowers could serve as a key catalyst for recovery in digital asset markets.
Crypto markets have a 70% chance to bottom by June 2025 before recovering, Nansen analysts predicted.
Investor appetite for risk assets such as Bitcoin will depend on the global tariff responses from other countries, according to Nicolai Sondergaard, a research analyst at Nansen.
“We have reached somewhat of a local bottom in regard to tariffs and the impact on prices,” the analyst said during Cointelegraph’s Chainreaction live show on X, adding:
“Trump came out guns blazing, and we’ve mostly seen the worst from the US side, so we’ll see if other countries are willing to drop some of the tariffs because it’s very likely the US will do the same.”
A Nigerian court has reportedly delayed the country’s tax evasion case against Binance until April 30 to give time for Nigeria’s tax authority to respond to a request from the crypto exchange.
Reuters reported on April 7 that a lawyer for Binance, Chukwuka Ikwuazom, asked a court the same day to invalidate an order allowing for court documents to be served to the company via email.
Binance doesn’t have an office in Nigeria and Ikwuazom claimed the Federal Inland Revenue Service (FIRS) didn’t get court permission to serve court documents to Binance outside the country.
“On the whole the order for the substituted service as granted by the court on February 11, 2025 on Binance who is … registered under the laws of Cayman Islands and resident in Cayman Islands is improper and should be set aside,” he said.
FIRS sued Binance in February, claiming the exchange owed $2 billion in back taxes and should be made to pay $79.5 billion for damages to the local economy as its its operations allegedly destabilized the country’s currency, the naira, which Binance denies.
It also reportedly alleged that Binance is liable to pay corporate income tax in Nigeria, as it has a “significant economic presence” there, with FIRS requesting a court order for the exchange to pay income taxes for 2022 and 2023, plus a 10% annual penalty on unpaid amounts along with a nearly a 27% interest rate on the unpaid taxes.
Nigeria’s legal history with Binance
In February 2024, Nigeria arrested and detained Binance executives Tigran Gambaryan and Nadeem Anjarwalla on tax fraud and money laundering charges. The country dropped the tax charges against both in June and the remaining charge against Gambaryan in October.
Tigran Gambaryan (right) was seen in a September video struggling to walk into a courtroom in the Nigerian capital of Abuja. Source: X
Anjarwalla managed to slip his guards and escape Nigerian custody to Kenya in March last year and is apparently still at large.
Gambaryan, a US citizen, returned home in October after reports suggested his health had deteriorated during his detainment with reported cases of pneumonia, malaria and a herniated spinal disc that may need surgery.
Binance stopped its naira currency deposits and withdrawals in March 2024, effectively leaving the Nigerian market.