Art Industry News: NFTs Barely Bring a Trickle of Profit to Galleries, a Report Finds + Other Stories

Images of CryptoPunks displayed on a digital billboard in Times Square on May 12, 2021 in New York City. Photo by Alexi Rosenfeld/Getty Images.

Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Thursday, April 21.Artworks on loan from Russia to institutions in Seoul are stuck in South Korea as a result of Western sanctions that are limiting flights out of the country.

And that is why NFT's are the future for ART. Monies going straight to the artist--not the middleman/galleries/gatekeepers. Sucks when the dynamic changes...?

Galleries barely bring a trickle of profit to artists.

Maybe the curators should invests in 1/1 instead of just buying PFP's... like investinart remember?

To soon

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Source: Cointelegraph - 🏆 562. / 51 Read more »