NFTs have disrupted the art world, with much speculation as to whether they are a passing trend or here to stay. With figures showing this new online marketplace has driven sales of contemporary art to a record £2.7bn and now account for 2% of all art sales, we continue the conversation from our NFT panel discussion earlier this year, by observing how the traditional art world is starting to embrace NFTs.
Among those joining the conversation is journalist Alex Estorick, whose writing specialises in the relationship between art and technology, Joe Kennedy, co-founder of Institut – the first art world-led platform for NFTs, art advisor and curator Daria Borisova, and interdisciplinary artist Lans King.
Installation view of NFTism: No Fear in Trying curated by Kenny Schachter, 11 – 25 September, 2021. Courtesy Institut.