05-05-2021 17:43 via artnews.com

The NFT’s Promise of Control

Artists are always looking for ways to make financial and legal systems that usually favor collectors and dealers work better for them. This attitude has led some to experiment with non-fungible tokens (NFTs). The technology is a digital “smart contract” encoded on a blockchain, which stipulates the ownership and resale rights for a specific digital artwork that is typically linked in the contract but hosted elsewhere. Artists see potential to ensure royalties for themselves when an
Read more »