Out with the Old and in with the New
Every now and then, something comes along and promises to challenge the status quo. Systems that have served us for decades, now bloated and inefficient, need to make way for new and radical approaches. We are at the cusp of such a change. Blockchain technology made waves in the financial industry when it proposed a new system to manage and exchange money. Decentralized, distributed and public, cryptocurrency sought to depose the major institutions and to put power back into the hands of the people. 

More recently, the fine art and art collecting industry embraced the potential of blockchain technology, in the form of non-fungible tokens (NFT). I spoke about how they introduce new, novel ways to collect art, giving artists and art forms that have previously had little to no representation in the art collecting world a platform to showcase their work. It also gives artists in general access to these new art types, breaking down old barriers and making way for more experimentation.