"Ask not what NFTs can do for you, but what you can do for NFTs" When we talk to established art organizations about NFTs we get varying perspectives. Some think it’s a passing (and energy wasting) fad that will add nothing of value to traditional art.  Others are intrigued, but are in a “wait and see” mode.  A few have…

Root of Provenance Service launches at CCC NFT Auction San Francisco, CA Oct 28, 2021-- Wivity, a blockchain cybersecurity company, launched its new Root of Provenance service today at the Chinese Culture Center of San Francisco’s (CCC) first NFT art auction. The service uses trusted third parties to verify the origins of an NFT, so artists can secure their work…

With $2.5 billion in sales in the first half of 2021 and $1.2 billion in July 2021 alone, NFTs have elicited a varying number of responses from traditional art institutions, be they museums, galleries or auction houses. Some have embraced it, such as Sotheby’s first NFT sale with digital creator Pak in April 2021 which garnered $17 million.  Some are…