Remember, March 2021, an eternity ago. In just a few clicks, Beeple’s digital collage fetched $69 million at Christie’s. The art world discovered NFTs, these non-fungible tokens (non-fungible tokens in English) supported by cryptocurrencies. A year later, nothing was right: in one semester, the bubble deflated.
While it topped out at over 56,200 euros in November 2021, bitcoin is currently hovering around 20,000 euros. And the monitoring platform Chainalysis recorded in September a sales volume of 279 million dollars (about 285 million euros), against 4.7 billion dollars nine months ago. “People are less inclined to take risks”said economist house Ethan McMahon.
Caroline Vossen and Albertine Meunier, co-founders of Avant Galerie Vossen, the first gallery in France to exhibit NFTs from 2019, enjoy it. “It’s amazing to see how the end of speculation has lost so much interest in the subject”, they flirted. The philosophers, the two pioneers, who in three years have sold about sixty NFTs, believe that“there are only a few left today who still believe in it and continue to collect”.
It is in this chaotic context that the NFT Factory opened on September 19, rue Saint-Martin, in Paris (4e arrondissement), a mixed area built by about fifty actors from galaxy 3.0. “We’re in it for the long terminsisted its CEO Lucie-Eléonore Riveron. We are convinced that NFT, the basis of Web3, will change our lives, like the Internet twenty years ago. » His goal? Demystifying digital tokens to the public. “The NFT factory is concrete, it exists, it is tangible, I think that for many this projection will finally allow them to be able to approach the subject more easily”Brian Beccafico predicted.
Obviously Takashi Murakami
This young NFT specialist at Sotheby’s, who monitors the price of digital tokens like fire milk, is not worried. “Prices are lower than average, chaos around collectibles [« objets de collection »] gone”he acknowledged, while thinking about that “Demand at Sotheby’s has stabilized around a daily average of fifty thousand buyers in the last few months, double in September 2021”. For New Yorker Fanny Lakoubay, who advises about fifteen NFT collectors, the drop is a “natural phase of a new market”.
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