The Art World Goes Blockchain — from protocol.com by David Pierce
Excerpt:
The NFT explosion is tied up in the rise of Bitcoin and other cryptocurrencies, which is tied up in a general frenzy of investment, and so who knows what will eventually crash when the rest of it does.
- But there’s something here. You probably don’t want to spend half a mil on a Pop Tart cat, but the idea that digital goods can be authenticated and verified — that you might someday buy a GIF the same way you buy a painting or a Rolex — is transformational.