Cryptoart: Ethical Challenges of the NFT Revolution
- URL: http://arxiv.org/abs/2307.03194v1
- Date: Sun, 2 Jul 2023 08:56:50 GMT
- Title: Cryptoart: Ethical Challenges of the NFT Revolution
- Authors: Patrici Calvo
- Abstract summary: The digital transformation of the art world has become a revolution for the sector.
This study will delve into the ethical aspects underlying what is known as the NFT Revolution.
- Score: 0.0
- License: http://creativecommons.org/licenses/by-nc-nd/4.0/
- Abstract: The digital transformation of the art world has become a revolution for the
sector. Cryptoart, based on non-fungible tokens (NFT), is attracting the
attention of artists, collectors and enthusiasts for its ability to tokenise
any element that can be sold as art in the digital market. That means it is
able to become a scarce resource and an economic asset by encapsulating the
market value of a piece of digital art, which may or may not have a reference
in the real world. This study will delve into the ethical aspects underlying
what is known as the NFT Revolution, particularly impacts related to the abuse
or destruction of cultural heritage, speculation and the generation of economic
bubbles and environmental unsustainability.
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