Books

Welcome to @zacharyhsmall! 

Zachary is the author of Token Supremacy, a new book on the rise and fall (and rise again?) of token-based art. 

They have agreed to do an AMA on all things art, finance, and their experience documenting the mania of the previous bull market cycle.

Reply with your questions. :)

Chief art reporter at the New York Times and author of TOKEN SUPREMACY (Knopf 2024)

Building /bright-moments - minting onchain art IRL | /purple #15 | FID 129 #magikarp

@zacharyhsmall welcome. What was the wildest example of outright grift within NFTs that you saw last cycle (that wasn't obvious initially)

Oh, I think the craziest example was undoubtedly what happened at Sotheby's with their failed CryptoPunks auction.

It was perhaps the best chance that NFTs had to become part of the mainstream art world — there were a handful of influential, traditional collectors in the audience. But the collapse of the $30M sale with an anonymous seller claiming he did it on purpose, using the auction house's valuation as a base line for a a crypto loan, killed the possibility for the time being.

You could actually read an excerpt about this, which ran in The New York Times:

cooking @tybb | blockchain research @coinbase | sidshekhar.com

Oh, I think the craziest example was undoubtedly what happened at Sotheby's with their failed CryptoPunks auction.

It was perhaps the best chance that NFTs had to become part of the mainstream art world — there were a handful of influential, traditional collectors in the audience. But the collapse of the $30M sale with an anonymous seller claiming he did it on purpose, using the auction house's valuation as a base line for a a crypto loan, killed the possibility for the time being.

You could actually read an excerpt about this, which ran in The New York Times: https://www.nytimes.com/2024/05/18/business/sothebys-crypto-nfts-auction.html