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NFTs are setting the art market on fire

The term “Non-Fungible Token” (English NFT) entered Larus 2023. While these new technological tools existed before the pandemic, the phenomenon has since grown to the point where it has reached the general public… and to some degree excess. . However, beyond a fashion effect or a marketing pitch, these digital assets are creating a profound upheaval for many industries.


A hunting ground for new speculators, the world of NFTs is now bearing the brunt of the crisis with cryptocurrencies in decline. Is the excitement of buyers, investors rather than collectors, marking a pause? Quick Wins Insurance Completion. Disappointment with the artistic quality of the pieces. Uncertainty of resale value in a secondary market that does not yet exist. And yet, nothing seems to be stopping the players in the field, still convinced that this web 3 universe will be a shocker on its way to taking over the art market.

Of course…

Source: Le Figaro

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