Are NFTs Taking Over the Art Market? Notes From Art Basel Miami Beach

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This week, “Opinionated” hosts Ben Schiller, Anna Baydakova and Danny Nelson are speaking about Art Basel Miami Beach, the annual worldwide artwork truthful that occurred in Florida final week.

Danny was reporting from the floor: This yr, a brand new type of artwork made its method to Miami, underneath the choosy gaze of artwork collectors, curators and, sure, artists themselves. And sure, it’s NFTs, or non-fungible tokens.

NFTs was once seen as merely cute humorous antics of the crypto world (bear in mind Crypto Kitties?) again in 2017, however now, they go for thousands and thousands of {dollars} in the world’s most prestigious public sale homes, like Christie’s and Sotheby’s.

The public sale homes are aggressively hiring, style manufacturers and music labels are signing up worldwide stars to do unique NFTs, and artists are studying the best way to retailer information on IPFS and use MetaMask – are NFTs right here to remain and turn out to be a needed fixture of the future?

Listen to Ben, Danny and Anna focus on Danny’s impressions from Art Basel Miami Beach – and study what Tina Turner excessive heels should do with it!

This episode was produced, introduced and edited by Michele Musso. Our theme tune is by Elision.