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Mar 7, 2022

How NFTs have altered the art world

A year ago this week, a JPEG file containing a collage of digital illustrations by the artist known as Beeple sold for $69.3 million at an art auction. It was a record-setting sale, and it’s added fuel to the hype train surrounding NFTs. We spoke to art critic Blake Gopnik about what’s changed for artists and the art world – if anything – since the sale. Western countries are thinking about a Russian oil ban, something they hoped to avoid in the past.

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Blockchain entrepreneur Vignesh Sundaresan purchased the non-fungible token for the digital collage "Everydays — The First 5,000 Days" by artist Beeple for $69.3 million in 2021.
Blockchain entrepreneur Vignesh Sundaresan purchased the non-fungible token for the digital collage "Everydays — The First 5,000 Days" by artist Beeple for $69.3 million in 2021.
Roslan Rahman/AFP via Getty Images

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The Team

How NFTs have altered the art world