Non-fungible tokens (NFTs) are one of the latest trends in the world of technology and art. But what exactly are they and what are their possible implications on the art world as we know it ? SnT’s Alexander Rieger, member of FINATRAX, a highly interdisciplinary research group from the University of Luxembourg, tells us about NFTs, his research and the future of blockchain in Europe.  

In Gartne's recently published “Predicts 2022: Prepare for Blockchain-Based Digital Disruption,” they predict that “by 2024, successful cryptocurrency thefts and ransomware payments will drop by 30% due to criminals’ inability to move and spend funds off blockchain networks.” They attribute this to four developments.