Article 5F8P2 Non-fungible tokens are revolutionising the art world –and art theft

Non-fungible tokens are revolutionising the art world –and art theft

by
Alex Hern UK technology editor
from Technology | The Guardian on (#5F8P2)

Artists have been dismayed to find their work ending up in the control' of others

When the virtual auction bell rang at Christie's on Thursday, Mike Winkelmann, a digital artist better known as Beeple, made history: he had sold a non-fungible token" representing his piece Everydays: The First 5,000 Days, for $69.4m.

But while the new cryptocurrency craze may have brought the high-end art market into the 21st century, it's also modernising another aspect of the industry: art thieves.

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