A Bear Market Looms Over This Year’s NFT.NYC Conference

Editor’s Note: This story originally appeared in On Balance, the ARTnews newsletter about the art market and beyond. Sign up here to receive it every Wednesday.At the Rainbow Room Tuesday night, the once-and-future NFT community gathered to kick off the third edition of NFT.NYC, the premier Web3 conference that has served as a barometer for the crypto market since it began in 2019.“Frank Sinatra used to sing here, but what matters most now