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" ... And the 39-year-old brothers’ hottest venture, digital art auction platform Nifty Gateway, is basking in the glow of a sale at Christie’s, where the gavel is about to fall on the 255-year-old auction house’s first-ever sale of a nonfungible token (NFT) artwork, a one-of-a-kind computer file tracked on a digital ledger known as a blockchain. Nifty Gateway put the artist, Mike Winkelmann, who goes by Beeple, on the map through a series of “drops” starting last year. Before the day ends, Gemini’s custodial business, which houses digital assets securely, will receive a $69 million cryptocurrency payment for Beeple on behalf of Christie’s, making his “Everydays: The First 5,000 Days” the third-most-expensive work sold by a living artist, after Jeff Koons and David Hockney. ... "
" ... Beeple's 'Everydays – The First 5000 Days,' is the first purely digital artwork backed by a ... [+] nonfungible token to be offered by a major auction house. ... "
" ... Finally, there is NFT (nonfungible tokens) coming up behind. NFT are tokens that can lock up and protect digital items. You can giggle at Cryptokittens, which are a NFT project but the gaming folks are only pioneering a sector where real assets, many of which are now wholly digital, will be made unique by this technology and open up yet another new powerful horizon of financial and non-financial products. ... "
" ... NFTs may be nothing more than a fad, and even cryptocurrency may not stand the test of time. Art that uses NFTs to examine nonfungible tokens may therefore be as ephemeral as any nonfungibly tokenized commodity. But it is worth remembering that Duchamp’s Fountain has long outlasted the lost original urinal, and even the style of plumbing he chose, which cannot be found at Home Depot. The work has lasted as an idea (as well as an edition of authorized copies) because the idea has continued to unsettle us by stripping bare many of our pretenses about art and culture. NFTs are crystalized ownership. Given their pure abstraction, they are readymade for enduring artistic reflection on our whole cryptic economy. The first true NFT masterpiece will be an unsettling topic of discussion for generations. ... "