The Art Angle Podcast: What Does the Future of NFTs Look Like Now?

Crowds at the 4th annual NFT.NYC conference on June 20, 2022 in New York City. (Photo by Noam Galai/Getty Images)

When NFT NYC, the world’s largest NFT conferencedescended on Times Square last month, Bitcoin and Ether were down more than 70 percent from their November highs. That put a damper on the proceedings, and it’s had a ripple effect on the once-ballooning market for digital collectibles. In the first half of 2021, Christie’s sold $93 million worth of NFTs; this year, they’ve sold just $4.8 million.

Meanwhile, NFT players and platforms are being dogged by allegations of insider trading and market manipulation, and many in the art world are reconsidering their relationship with the sector.

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