Non-fungible tokens, or NFTs, have gone in the last year from a relatively obscure blockchain technology to a market valued at around $44 billion. WSJ explores how NFTs are transforming the art market and tells the story of who is behind the buzz.
Showing posts with label art market. Show all posts
Showing posts with label art market. Show all posts
Wednesday 16 February 2022
'The Sky Is the Limit' - How NFTs Are Revolutionizing the Art Market
Labels:
art market,
Blockchain,
investment,
NFT
Tuesday 30 November 2021
Soaring NFT sales redraw the art market - FT Film
The market for non-fungible tokens, or NFTs, is soaring, reaching $10.7bn in the third quarter of 2021. For the art world it's a new frontier, where ownership of digital assets is encrypted on the blockchain. The FT talks to artists, auction houses and collectors about how NFTs are bringing in new buyers and setting records for sales of digital works, and we follow a painter making his first NFT.
Labels:
art market,
Blockchain,
business,
cryptocurrency,
digital art,
digital assets,
money,
NFT,
technology
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