Are NFTs a fad or do they represent the future of the art market? That is the question Christie’s appears to be testing later this month when it becomes the first major auction house to offer a standalone NFT (Non-Fungible Token) work of art.
For some, such as Jason Bailey, the founder of the analytical database artnome and digital art specialist, the current attention to NFTs is not surprising. As he puts it: “The centre of culture and influence has long been moving from the analogue world to the digital world”—and the pandemic is no doubt accelerating this shift.
Crypto is not about money. Read more