art auction
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“According to reports from Cointelegraph citing CoinGecko, the total NFT market capitalization stood at just $2.5 billion in December, representing a 72 % collapse from the January peak of $9.2 billion. Weekly NFT sales remained below $70 million, while the number of unique buyers and active sellers dropped sharply, indicating a loss of momentum across the entire ecosystem.” — Analysis Blockchain / Bitcoin World
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AI-Driven Creators Are Better For The Environment Than Humans, Says New Study
“A study from earlier this year asserts that artificial intelligence-based systems like ChatGPT, BLOOM, DALL-E2, and Midjourney can create literary and artistic works with significantly lower carbon emissions than humans performing the same tasks.”
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“The Museum of Modern Art in New York has acquired eight CryptoPunks and eight Chromie Squiggles for its permanent collection, marking one of the most significant institutional endorsements of onchain art to date.”
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“I’m not interested in beauty for beauty’s sake. I’m interested in truth.”
George Condo
Rodrigo at his Wedding
2007
oil on canvas
50 1⁄8 x 42 1⁄8 in.
Price realised
$1,134,000
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Foundation NFT Marketplace Review 2025
“Foundation is a decentralized NFT marketplace launched in early 2021. It aims to connect digital artists and collectors through a platform that emphasizes quality and originality. Unlike other marketplaces that prioritize volume, Foundation focuses on curating a selection of high-quality NFTs, making it a popular choice for serious artists and collectors.”
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Artist Diversity in Art Industry
Art Industry Representation
White artists: 75–85%
Black artists: 8–10%
Asian artists: 6–8%
Latino artists: 3–5%
Other / mixed: 2–4%
Approximate averages based on museums, galleries, exhibitions, and art market data.
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“Art can be deeply meaningful, but so can teaching, engineering, raising a family, repairing bicycles, or running a small shop. When someone can’t see the value in other people’s choices, it usually comes from a narrow mindset and a limited perspective.”