Increasingly, the art world is seeing auction houses, galleries and institutions opening up to cryptocurrency. The benefits are clear cut: accepting crypto taps into more (digital) wallets, whether that’s for philanthropy or commercial ends, with quicker transaction times and lower costs.
Yet even with this upward trend, the arts are some of the slowest sectors when it comes to adopting new technology. Many accept that the future of wide-spread cryptocurrency is close, but progress is dwindling when it comes to actual implementation.