> The problem with NFTs wasn’t that art was “corrupted by speculation.” > It was that a cultural field with no settled judgment standards was plugged directly into high-frequency financial logic. > Under those conditions, any content degrades into attention arbitrage — art included.
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The collapse of the NFT market does not signify the failure of digital art, but rather proves one thing: NFTs were never the “ultimate form” of digital art from the outset. They were merely a transitional financial interface. The problem lies not with “blockchain,” but with NFTs being designed as pure transaction tokens while being forced to shoulder three responsibilities: cultural carrier, preservation mechanism, and institutional infrastructure. https://x.com/mattmedved/status/2018764388300431690
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Agreed. A big failure of the last cycle wasn’t just speculative excess, but information asymmetry. Many so-called “NFT media” optimized for attention, not for alignment with the people actually building, collecting, and holding through cycles. That produced hype, bias, and short feedback loops—useful for clicks, corrosive for culture. If this space is going to mature, it won’t be on the back of louder platforms, but quieter, more disciplined ones. Media that reflects what the core community *actually needs* is infrastructure, not marketing.
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