NFT: A Revolutionary Bubble or a Lasting Digital Shift?

Nine professionals from criticism, market, journalism, and art production assess the state of NFTs, reflecting on the hype, market reactions, and future prospects. Pietro De Bernardi of Pandolfini Casa d'Aste sees an optimistic reset after speculative excess, with digital property rights as a lasting legacy. Serena Tabacchi highlights blockchain's role in certifying provenance and enabling perpetual royalties, though quantum computing may soon supersede it. Pamela Diamante dismisses NFTs as a speculative bubble, while Marco Mancuso notes that some, like Beeple's Everydays, achieved cultural value. Valentina Tanni recalls Harm Van Der Dorpel's 2021 Art Basel Miami panel, emphasizing decentralized systems as opportunities. Oriana Persico warns of blockchain's push toward transactional existence and identifiability over identity. Giacomo Nicolella Maschietti views NFTs as a digital ownership tool ill-suited for visual arts, citing Cinello's DAW as a superior alternative. Andrea Concas sees NFTs as an advanced medium for digital artists, predicting the term will fade as digital art becomes mainstream. Valerio Veneruso condemns the phenomenon as unparalleled speculation exacerbated by the pandemic, calling for honest parameters from institutions.