Currency Economy

Storming the ‘last bastion’: Angst and anger as NFTs claim high-culture status

Cryptocurrency (Mar 11, 2021 01:40PM ET) Storming the ‘last bastion’: Angst and anger as NFTs claim high-culture status

Storming the ‘last bastion’: Angst and anger as NFTs claim high-culture status

Its as immutable as a transaction on the blockchain: Nonfungible tokens, or NFTs, have permanently made their mark on art history. While the movement has some members of the arterati swooning at the notion of unwashed digital hoards laying siege to their domain, the reality is that the two worlds of high art and crypto are fated to become one and the same.

You might not have heard of Mike Winkelmann, but at least one art icon is ready to say he could rank up there with Pablo Picasso. The 39-year-old artist better known as Beeple has successfully forced his way into over a half-dozen different encyclopedia entries today after the sale of a career retrospective collage, The First 5000 Days, was auctioned off in the form of an NFT for a staggering $69.3 million.

Scare quotes abound

Strange My Bedfellows

Ideology, art and technology

Gobbling tulips

Citadel, meet bastion

Continue Reading on Coin TelegraphStorming the ‘last bastion’: Angst and anger as NFTs claim high-culture status

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