![]() Robness compared NFTs to email, an elemental technology that he reckons will continue to find uses.īorn at the crossroads of technology and artistic provocation, NFT art quickly created its own emblems and myths - and the Pompidou exhibition is steeped in its iconography. "That's not conducive to actually creating." ![]() "If you start worrying about the market dynamics, you're taking your energy out, putting it into other places," he told AFP. He too was keen to shift the focus from the slump in prices. ![]() Crypto iconsĪmong those who happily handed over their work was Californian artist Robness, who came to see the show and said it was a "humbling experience" to be included. However, the collapse in interest in NFTs along with a wider plunge in the value of cryptocurrencies allowed the Pompidou to bag many of the works for just a handful of dollars, according to records on the OpenSea platform.Ībout half of the works were donated by their creators. "These artists get a place in the history of art and their works are guaranteed longevity," said Marcella Lista, the gallery's chief curator. The organisers of the event at the Pompidou, the first European gallery to start a collection of NFT art, are more keen to talk about the art than the economics. The Pompidou, a popular attraction in the Marais district of the French capital, has opened the exhibition in its minimalist halls dedicated to NFTs which could give the digital art form a much-needed lift.īlockbuster multimillion-dollar sales helped fuel publicity in 2021, and prices soared amid a lack of regulation and general confusion over what the digital tokens were.īut the value of NFT transactions fell 94 percent between 20, from $233 million to $14 million, according to French analytics firm Artprice.
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