NFT's the token of the crypto worlds linked to digital networks, Have been granted a show at the Pompidou center in Paris, despite an almost total collapse in their price and cultural cachet. The Pompidou, a popular attraction in the Marais district of the French Capital, has opened the exhibition in its minimalist halls dedicated to Non-fungible tokens (NFTs) which could give the digital art from a much-needed lift.
Block-buster multimillion-dollar sales helped fuel publicity in 2021, and prices soared amid a lack of regulation and general confusion over what the digital tokens were. What the value of NFT transactions fell 94 percent between 2021 and 2022, from $233 millions to $14 million, according to French analytics firm art price.
The organizers of the event of the Pompidou the first European gallery to start a collection of NFT art, are more keen to talk about the art than the economics. These artists get a place in the history of art and their works are guaranteed longevity, said Marcella Lista, the gallery's chief curator.
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