Kal Raustiala
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The One Redeeming Quality of NFTs Might Not Even Exist

The One Redeeming Quality of NFTs Might Not Even Exist

AdvertisementAdvertisementWhen Christie’s auctioned for $69 million a “nonfungible token,” or NFT, linked to the digital collage Everydays: The First 5000 Days, many people asked ? And why was a relative unknown artist by the name of Beeple now the third-highest selling living artist—for a digital work that the new owner can’t even hang on the wall?The ensuing media frenzy proved that NFTs have successfully consummated a buzzy marriage of cryptocurrency and contemporary art. But they have also been touted as solving the authenticity problem that plagues digital art.AdvertisementThe hallmark...

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Kal Raustiala
Apr 14
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