Jean-David Malat is a distinguished celebrity art curator and owner of JD Malat Gallery. His collaborations with icons like Madonna, Kate Moss, Dolce & Gabbana, and Bono have solidified his prominence within the art world. Jean-David’s perspective within the art community stands out due to a unique blend of expertise, evoking admiration and garnering accolades. This quality makes him an engaging interviewee, as his insights possess the power to captivate and enlighten.
Around February of this year, in the midst of the still-pending cryptocurrency boom, a sub-category of digital assets started to really take off. NonFungible.com reported that by the first quarter of 2021, over $2 billion worth of transactions had taken place in the NFT market. Musician Grimes sold almost $6 million worth of digital art via digital asset marketplace Nifty Gateway, who are partnered with Sothebyโs. Twitter founder Jack Dorsey auctioned his first ever tweet as an NFT, the final bid closing at $2.9 million. UFC Heavyweight Champion Francis Ngannou sold NFTs following his knockout victory over Stipe Miocic. The proceeds of the sale, $580,000, was actually more than his disclosed purse for the fight itself that earned him the belt. Despite the hype, in many regards serving as a speculatorโs dream, NFTs come with inherent issues that threaten to hamper widespread and enduring adoption.
