AsyncArt is a platform to showcase and trade rare digital art that is programmable and able to change over time. Each single, complete artwork on the gallery is called "Master" while the different, modifiable features composing it are called "Layers". Both Masters and Layers are independently tokenized on the Ethereum blockchain to be bought separately: when collectors purchase a Master they do not own the single Layers that make it up. The variation of a Layer happens at its owner's will and informs the Master's appearance, creating new combinations of the piece’s main elements, making asynchronous art evolve.
All Async pieces, Masters and Layers, are purchased in Ether, with a 10% commission fee on first sales. On secondary sales, 10% of the work's price goes to the artist as royalty, the 89% goes to the seller while the gallery gets a 1% commission fee.
AsyncArt appeared online in February 2020 featuring many well-known artists from the crypto art scene. The launching event took place in San Francisco, where the founders Conlan and Nate are based together with their team.