The Art Market is Broken

Web 3.0, digital art and NFT's could change everything

The global art market was valued at $50 billion in 2020 (according to Statista), dropping by roughly $14 billion over the previous year, due to the impact of the pandemic. The market has rebounded strongly in 2021 to possibly closer to $70 billion. NFT sales apparently topped $40 billion - making the overall maths a little confusing. Something seems to …