How NFTs Could Disrupt the Art Market

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WSJ The Future of Everything

Technology


After years of being a museum novelty, digital art is starting to sell like hotcakes--and in some cases for millions of dollars--because of a crypto asset called nonfungible tokens, or NFTs. And it isn't just art--sales of digital collectibles of all kinds are benefiting from these blockchain-based certificates of authenticity. NFTs are making the market more accessible for artists, but in the future, they also could disrupt the entire economy of the art market.