NFTs get the thumbs-down from some artists

Singapore

WHEN non-fungible tokens, or NFTs, first exploded on to the market last year, proponents touted their potential to democratise art and give emerging artists new ways to earn money.

But these unique representations of digital artworks are increasingly drawing the ire of some artists, who say they exacerbate the commodification of art and are making only very few artists very rich.

Such misgivings come on top of the staggering and widely acknowledged environmental costs of minting NFTs.

"Right now, and increasingly so, the market is dominated…

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