How NFTs Explain Everything Wrong with Art

The video explores the rise of NFTs in the digital art world, highlighting major sales like Beeple's $69 million piece. It delves into the art movement Zombie Formalism and the evolution of the art market, emphasizing the commodification of art. The discussion includes the dynamics of NFTs, market speculation, and investment strategies, questioning the true value of art in a market driven by hype and novelty.

In what ways has the commodification of art changed the relationship between artists and collectors?

How do art advisors influence the art market according to the text?

What are the potential conflicts of interest in the sale of NFTs as highlighted in the text?

What does the text suggest about the future of NFTs in the art market?