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Galerie Nagel Draxler: Heiße Ware / Kunst / Kultur / / report-k de
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Are NFTs a Shrinking Market or the Next Amazon? Kenny Schachter Wages War With Crypto-Cynics and One Irksome NFT Terrorist
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Kenny Schachter Gets Sucked Into the Surreal NFT Vortex… and Makes a Fortune Overnight in the New Virtual Art Market
Our columnist describes his entry into the wild, revolutionary, and highly confusing art market springing up around virtual artworks.
February 24, 2021
My second drop on Nifty Gateway woohoo, I reinvented myself in late middle age. Courtesy of Kenny Schachter.
While writing this, I’m on WhatsApp chatting to a friend, listening to (yet another) Clubhouse talk drone on, and participating in a group discussion on Discord. If you have to ask what any of those are, you may not want to read any further. The topic du jour? A new pandemic that’s spreading quicker than COVID, and though it won’t be as devastating health-wise (and I’ve been fighting chronic headaches and fatigue months after fending off the virus), it may cause a lot of pain financially, that is. Put simply, Non Fungible Tokens (NFTs) are digital artworks hosted on a decentralized peer-to-peer ne