NFTs were meant to help artists, but the new ‘Digital Art Market’ seems even more capitalistic and messy than the non-digital one, and has a high environmental cost. The rich get richer, while artists and others are hurt by scams. Artists are not responsible for the technology itself and we understand the tech’s attraction. We, too, believe artists should be paid when their art is re-sold. However, artists who mint NFTs must contend with their negative environmental and economic consequences.
Read MoreIn honor of our new book, “The Noble Art of Art Writing, The Art Writing Challenge,” we will be publishing a selection of outstanding challenge winners. To order a book, email editor@theartblog.org!
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