Beyond an elevator wallpapered with hacker mantras like “you can’t spell culture without cult” and “fear kills growth” was a gray cement basement where two associates from Bright Moments Gallery guarded an iPad that was the key to owning a Tyler Hobbs original. The artist was upstairs with the live band, catered sushi rolls, and champagne. Dozens of NFT artworks generated from his algorithm were presented to the New York gallery’s applauding crowd, while collectors moved downstairs to point-and-click their way into the digital art collect-athon.

The “Incomplete Control” exhibition happened nearly a year ago when speculators turned NFTs into a $60 billion market as the price of cryptocurrencies shot through the roof and public interest in these blockchain-based collectibles spiked. That December evening, collectors had swiped about $7 million in artworks, which made Hobbs feel like he had really made it.

Η συνέχεια εδώ.