“I got involved in culture through a desire to see new ideas, or configurations of activity, stress tested in the world. So while I’m cautious about the majority of activity in the blockchain space, in my mind there is only one space currently showing a serious commitment to democratically governed user owned protocols, fair payment for digital labor, data unions and revaluing the arts, and that is the Web 3 space. So I will continue to try to contribute my thoughts and efforts.” – Mat
NFTs are everywhere right now, from the NBA to Taco Bell, and artists like Grimes, Yaeji, and Toro Y Moi have been testing the waters. Grimes sold a collection of visual art for over $6 million; 3LAU, an EDM musician, made $11 million by selling an album as 33 individual NFTs; and Mike Shinoda of Linkin Park has sold several multimedia pieces through the NFT marketplace Zora. The website XLR8R announced a dedicated marketplace for music NFTs earlier this week, and there’s a burgeoning cottage industry of NFT auction houses looking to bring these collectibles to the masses.