2RO075 - NFT Roundup
20 Questions to ask if you’re interested in buying an NFT
Which artist created the artwork?
What is the format of the artwork?
What are the artist’s aesthetic goals?
What are the owner’s aesthetic goals?
Which platform minted the NFT?
Who mined the blockchain?
What was the energy cost of this sale?
Which gallery facilitated the sale?
Who purchased the artwork?
Who owns the artwork?
How is the artwork stored?
How is the NFT stored?
How is the artwork loaned?
How are loans incorporated into the blockchain?
How is the artwork financially evaluated?
How does the NFT capture the financial value?
Who benefits financially off the artwork?
What is the aesthetic potential of the artist?
What is the financial potential of the artwork?
What are the owner’s financial goals?
From Hyperallergic, March 2nd 2021: How Crypto Art Might Offer Artists Increased Autonomy - Rea McNamara
From NPR, March 5th 2021: What's An NFT? And Why Are People Paying Millions To Buy Them? - Bobby Allyn
From The Verge, March 15th 2021: The Climate Controversy Swirling Around NFTs - Justine Calma
From Vulture, April 2nd 2021: Screen Time at the ‘World’s First Physical NFT Gallery,’ Whatever That Means - Rebecca Alter
From Artnet, April 13, 2021: ‘It’s Whiplash’: After a Record-Setting Run, NFT Artwork Prices Have Plummeted Nearly 70 Percent in Four Weeks - Sarah Cascone