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15.12 - 18:27
Non-fungible tokens take No 1 spot in influential art world power list
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theguardian.comThenon-fungible token or NFT has taken the No 1 spot in the annual ranking of the contemporary art world’s most influential movers and shakers – marking the first time a non-human entity has topped the list.
ERC-721, the specification for the “non-fungible token” on the Ethereum block-chain, tops the 20th Power 100 list published by ArtReview, after a year in which it upended the art market by bringing together contemporary art and millennial meme culture.
ArtReview said NFTs had given rise to a whole new generation of collectors and allowed artists to find ways around the traditional gatekeepers of the market.
“NFTs have turbocharged a new crossover between pop culture and contemporary art, even if you can’t avoid the fact that the NFT
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