Non-fungible tokens take No 1 spot in influential art world power list
The non-fungible token or NFT has taken the No 1 spot in the annual ranking of the contemporary art world’s most influential movers and shakers – marking the first time a non-human entity has topped the list. ERC-721, the specification for the “non-fungible token” on the Ethereum block-chain, tops the 20th Power 100 list published by ArtReview, after a year in which it upended the art market by bringing together contemporary art and millennial meme culture.