Business & Economics

Christie's, Sotheby's, and Phillips collectively earned a record $15B in sales this year. Between a third to one half of the buyers were new. A third of Christie's buyers were millennials.

In 2021, users have sent at least $26.9 billion worth of cryptocurrency to ERC-721 and ERC-1155 contracts, the two types of Ethereum smart contracts associated with NFT marketplaces and collections.

As co-founder of a website tracking the spectrum of digital collectibles, Gauthier Zuppinger has seen it all. Drawings of toads, apes, abstract blobs, octopuses on heads, fire-breathing devils, and more.

The NFT market has collapsed nearly 90% since the bubble popped last month, and crypto collectibles like CryptoPunks are fading fast.

Details about the project are scant though it appears GameStop will use Ethereum as a technology base.

The alternative to Venmo has become ubiquitous in rap lyrics. How did that happen?

Getting past the cult of Genius and the bleakness of capitalist futurism.

The company’s stock market arrival establishes Bitcoin and other digital currencies in the traditional financial landscape. It also elevates a technology with astonishing environmental costs.

Technology will make it possible to compensate each person according to their economic value. That’s pretty bad news for most people, and very good news for some.