2021/06/11

Artengine’s Ryan Stec Speculates About NFT Impacts on Trad Art Market

“Payment terms, usage rights—the things bundled into an NFT were already possible through contracts. Now what’s fascinating to me is the way the NFT hype might force Christie’s to rethink how they handle secondary markets, and for artists to demand residual rights.”
Artengine Artistic Director Ryan Stec, in conversation with Remco Volmer, Susan Johnston, and Dan Monafu about the collision of NFT platform capitalism and the commercial art market [quote edited]
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