NFTs = art

“When intelligent individuals with the appropriate pedigree for the conversation at hand can elucidate a thoughtful argument as to why a particular piece of matter or bits is ‘Art’ then it shall be so.”

The quote comes from Arthur Hayes article on non-fungible tokens in which he argued not only that non-fungible token is art, but that the art form will survive. He continues:

“…the NFT art form as a whole will survive because there are too many individuals holding expensive JPEGs who don’t want to believe they purchased digital trash. And given many of these individuals are respected for their past accomplishments, the sheer fact that they participate in the NFT ecosystem lends all the credibility the art form needs to persist.”

This post originally appeared on Vinter’s monthly newsletter that I write and send out once a month. You may subscribe to it at https://vinter.co/insights