he rise of digital art is complete after game changing technology NFT topped a chart of the most powerful influencers in the art world.
NFT, which stands for non-fungible token, is a digital file confirming ownership of a work of digital art.
The digital asset is stored on a blockchain and can be copied but there is only one original and the technology means its ownership can be proved and then sold or traded with other collectors.
It topped the Art Review’s Power 100, which has been published since 2002, ahead of artists including Theaster Gates, Steve McQueen and Olafur Eliasson.
Steve McQueen
/ Dave BenettNFTs have been around since 2014 but really made headlines this year when Chris Torres created a rainbow animation of a cat based on his own pet and sold a one-off digital version for around £450,000.
That was followed by a first-of-its-kind sale at the historic auction house Christie’s where an NFT for a for a digital artwork by the American artist known as Beeple sold for almost £50 million.
The magazine said the technology has “upended the art market, bringing…
