The art market had not yet experienced its digital revolution until one day, in 2021, NFTs — Non-Fungible Tokens — appeared on our screens. Thanks to this new transaction technology, Beeple, an almost unknown digital artist, became the world’s third most expensive living artist.
NFTs promise to revolutionize the art market. More money for artists, fewer intermediaries, and fewer barriers for collectors. Will this digital revolution be virtuous, or will it meet the same fate as many others, and find itself emptied of its meaning and diverted from its original goals?