It’s no secret that issues of equity and access plague the art market on both ends of the spectrum. Artists typically receive payment only after a work’s initial purchase and are left out of any resale residuals as their work appreciates in value. Meanwhile, the question of public access to culturally and historically significant works sequestered in private collections looms ever-larger.
Could 2023 Be the Year of the DAO?
Decentralized Autonomous Organizations are making a bid to change the economic structure of the art world. But is the art world ready?