Everydays: The First 5000 DaysBut while NFTs certainly made a resounding impact in that moment, Sotheby’s Institute educators and alumni say it’s more accurate to think of the sale as our era’s Salon des Refusés—the coalescing of an outsider movement that has been building for quite some time.
“The increasing obsolescence of traditional art-market yardsticks and rules of thumb makes the pre-pandemic trade appear comparably procedural, and it’s fascinating to witness how big tech’s strategic pivots are now being front-run by creative communities, while the traditional banking sector is cautiously reversing their battleships,” Gareth said.
rn from a counterculture group who are into it precisely because it isn’t mainstream. One doesn’t have to be part of the ‘in-crowd’ to gain access. “To make it simple,” Kiryushkina explained, “any type of project needs a community to sustain itself.” Besides community, the intention of creating or building in it plays a significant role—as does transparency and accountability to the collective invested into the project.