NFTs & the Death of Art
9 Pages Posted: 20 Apr 2021
Date Written: April 19, 2021
A “non-fungible token” or “NFT” is an encrypted unit of data on a digital ledger, typically used to authenticate a digital artwork. NFTs actually lack any meaningful connection to the artworks they purport to authenticate. Accordingly, the market for NFTs is really a market for unique digital files, not a market for artworks. While NFTs are absurd, markets have survived far worse. And perhaps NFTs could liberate art from the art market.
Keywords: art, art market, copyright, NFT, non-fungible token
Suggested Citation: Suggested Citation
Frye, Brian L., NFTs & the Death of Art (April 19, 2021). Available at SSRN: https://ssrn.com/abstract=3829399 or http://dx.doi.org/10.2139/ssrn.3829399
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