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

Are NFTs here to stay and become a necessary fixture of the future?

This week, “Opinionated” hosts Ben Schiller, Anna Baydakova and Danny Nelson are talking about Art Basel Miami Beach, the annual international art fair that took place in Florida last week.

Danny was reporting from the ground: This year, a new kind of art made its way to Miami, under the picky gaze of art collectors, curators and, yes, artists themselves. And yes, it’s NFTs, or non-fungible tokens.

NFTs used to be seen as merely cute funny antics of the crypto world (remember Crypto Kitties?) back in 2017, but now, they go for millions of dollars in the world’s most prestigious auction houses, like Christie’s and Sotheby’s.

The auction houses are aggressively hiring, fashion brands and music labels are signing up international stars to do exclusive NFTs, and artists are learning how to store files on IPFS and use MetaMask – are NFTs here to stay and become a necessary fixture of the future?

Listen to Ben, Danny and Anna discuss Danny’s impressions from Art Basel Miami Beach – and learn what Tina Turner high heels have to do with it!

This episode was produced, announced and edited by Michele Musso. Our theme song is by Elision.