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Hito Steyerl on Why the Metaverse Has Already Failed

The Art Angle

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The Challenges of Institutions in the Blockchain

I think institutions were more interested in throwing out NFTs of basically everything of their own IP intellectual property, then sinking through the technology and what it could mean. It's interesting that institutions did not think about this themselves, like what their roles are in the blockchain. And actually to be fair, institutions have started improving their idea of what art history is,. They have been doing this a lot during the past 10 years.

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