artindustry

Why NFTs (Probably) Won’t Make You Money in the Long Run

Over the last few weeks, it seems like the world wide web has been swamped with both explainers and critiques of Non-Fungible Tokens, or NFTs. It’s a pyramid scheme! It’s the next thing in Fine Art! It’s an ecological disaster! I am making so much money!

Largest US Art Museum May Sell Off Art to Pay Bills

The COVID-19 pandemic has wreaked havoc across the economy, and one niche hit particularly hard has been the world of museums, which has seen ticket sales plummet due to lockdowns and people staying away from indoor spaces. Now the largest art museum in the US is facing a massive budget shortfall, and it's looking into selling art to pay bills.