| 'I don’t think NFT art is a thing. people will find novel ways to build around the node we call an NFT. ultimately, we will probably drop the acronym altogether,' conceptual crypto-artist kevin abosch tells designboom following his participation at NFT ART DAY ZRH, the first annual NFT and digital art conference in switzerland. the conference took place a day before art basel 2022 opened its doors, where, amid the ongoing cryptocurrency collapse, modern and contemporary art took the lead in sales. while the past few months have seen floor prices for popular NFTs plummet - beeple and madonna's NSFW triptych went for $135,000, $346,000 and $146,000, respectively; quite the drop from the digital artist's record-breaking $69M sale last spring – 'phygital' artworks seem to be on the rise. at the swiss art fair, several versions of jeff koons’s moon phases NFT project were successfully sold alongside their physical, sculptural version. thanks for reading! sofia lekka angelopoulou | senior editor |
