Creators of NFT art are organising themselves into new art scenes, but they are still searching for cultural legitimacy while museums remain skittish.
NFT sales passed $40 billion in 2021 and now more brands want to get in on the action.
The digital collectors items have become a multi-billion dollar industry in a matter of months.
NFTs are emblematic of capitalism’s growing retreat from productive activity — and the wealthy’s desire to extend their dominion into the digital ether. They’re worse than useless.