But while NFTs certainly made a resounding impact in that moment, Sotheby’s Institute educators and alumni say it’s more accurate to think of the sale as our era’s Salon des Refusés—the coalescing of an outsider movement that has been building for quite some time.
The Institute’s successful online course, “Art and Technology: From AI to NFT,” has sold out every season since it was first put together in 2020.
Art NFTs, Institute alum Corinne Moshy said, are “born from a counterculture group who are into it precisely because it isn’t mainstream.
“The field will continue to grow until the line between counterculture and mainstream blur, capital flows in, and eventually NFTs are just a new sect within the market.
The world’s largest financial institutions, the most powerful governments, the oldest auction houses are involved.