Actionists reinventing art: As it ever was, so shall it ever be (even in crypto)
Actionists reinventing art: As it ever was, so shall it ever be (even in crypto)

Art trumps money. Always. It is important to remember this amid the current crypto art hype. Nonfungible tokens have given digital art the benefit of provable ownership, scarcity and programmability, allowing digital creators to promote and sell their work in ways never before possible.

With the blockchain industry growing and markets becoming more liquid, crypto art has seen a flurry of incredible primary market sales. The ICO-like fear of missing out has inspired collectors and artists to chase scarcity, and even destroy art in the process, as was the case with the creation and auction of the Banksy print NFT.

Ilya Abugov is an experienced analyst with a background in equity analytics, international management consulting and IT. He incorporates his traditional industry experience in his approach to data analysis and project evaluation. Ilya is the former head of research at Crypto Briefing and is an advisor at DappRadar. He is especially interested in the DeFi, art and collectibles sectors of the crypto industry.

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