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Decentralized autonomous organizations, or DAOs, are all the rage at the moment. We’re seeing explosive growth in this sector as people experiment with building companies on top of tokens and smart contracts. And where new organization types bloom, so does the need for infrastructure. Utopia Labs is a team of four founders who met on […]
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The Untold Story of the NFT Boom
https://www.nytimes.com/2021/05/12/magazine/nft-art-crypto.html
The New Digital Market
The Untold Story of the NFT Boom
Digital creators used the blockchain to create a whole new art scene. Then their work started selling for thousands sometimes millions of dollars.
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“It’s at 40.7 ETH,” FEWOCiOUS gasped. “That’s crazy.”
It was not quite 4 in the afternoon, and Victor Langlois, an 18-year-old cryptoartist, was at his desktop computer, watching a frenzied bidding war between two art collectors. Langlois known by his art name FEWOCiOUS, or Fewo, to his friends and fans was dressed in a white hoodie that he had designed, its arms covered in his own psychedelic art, including an eyeball and sunflower afloat in a blue sky. The room’s window had been covered with cardboard to keep things dark, and a string o
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