NFTs ignite the art market

The term “non-fungible token” (NFT in English) made its entry into the Larousse 2023. If these new technological tools existed before the pandemic, the phenomenon has since grown to the point of reaching the general public… and some excess. However, beyond a fashion effect or a marketing speech, these digital assets are shaping a profound upheaval for many sectors.

A hunting ground for new speculators, the world of NFTs is today bearing the brunt of the crisis, with the fall of cryptocurrencies. Does the excitement of buyers, investors rather than collectors, mark a pause? End of quick wins insurance. Disenchantment with the artistic quality of the pieces. Uncertainty of resale value on a secondary market that does not yet exist. And yet, nothing seems to stop the players in the field, still convinced that this universe of web 3 will be an upheaval in the way of apprehending the art market.

Certainly…