NFTism at Art Basel

Art Basel is one of the most influential art fairs, which has been spotting new cultural trends for over 5 decades.           

It’s no surprise that this year’s edition was marked by the presence of the NFTs, like the NFT-dedicated corner by the famous Gallery Nagel Draxler. The gallery had to adapt to the traditional collectors’ mood though, allowing them to pay for digital art pieces in fiat and only then finishing online transaction.

It should take time for the big art institutions to fully embrace crypto and its methodology. However if they don’t catch up fast enough, who knows, maybe the next most influential art fair will happen in the metaverse, propelled by the likes of Konig Gallery’s exhibit in Decentraland…