An annual award with a growing reputation as one of architectural academia’s most dynamic new prize competitions is making headlines again today after Columbia University’s Temple Hoyne Buell Center and the Association of Collegiate Schools of Architecture (ACSA) announced the winners of.
The non-fungible token or NFT has taken the No 1 spot in the annual ranking of the contemporary art world’s most influential movers and shakers marking the first time a non-human entity has topped the list.
ERC-721, the specification for the “non-fungible token” on the Ethereum block-chain, tops the 20th Power 100 list published by ArtReview, after a year in which it upended the art market by bringing together contemporary art and millennial meme culture.
ArtReview said NFTs had given rise to a whole new generation of collectors and allowed artists to find ways around the traditional gatekeepers of the market.
“NFTs