We talked about the NFT crash as reported in the WSJ last month and its art world implications. Ben also asked me about a story that had been going around about a “landmark” decision in the UK, where a judge said NFTs were property. I told him it was a bit overblown.
As a follow up, I wrote a blog post: “No, a UK judge didn’t actually rule NFTs are property.”
I have done a lot of writing for Artnet News. They are fabulous to work for. This was the first time I’ve done anything for The Art Newspaper.
I was recently interviewed by Artnet News Editor Julia Halperin on Yuga Lab’s Bored Ape Yacht Club project for an Art Angle podcast. We talked about how Yuga Labs got its start, the launch of BAYC, and how Yuga is currently transforming itself into a gaming company.
One thing I keep stressing is the importance of fungible tokens like Apecoin in these NFT projects. They allow investors and insiders to sell to the general public, while BAYC itself becomes just a publicity stunt.
It’s very difficult to find buyers outside of the crypto universe for a $250,000 NFT. You are much better off creating an ERC20 token and getting it listed on Coinbase — which is exactly what Yuga Labs did in conjunction with its backer a16z.
In any case, it was a delight speaking with Julia. She asked a lot of good questions.