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Art News: Are NFTs 'Democratizing' the Art Business? No, Says A New Study

By David Schonauer   Monday December 13, 2021


NFTs aren’t as revolutionary as some people thought.

While some journalists and NFT enthusiasts have described non-fungible tokens as having a ‘revolutionary’ and ‘democratic’ potential for upending the art market, a new study published in Nature “confirms detractors’ suspicions that the NFT market is likely reproducing similar dynamics at play …


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