"Ethereum opened a new space and provides an opportunity for artists to work with a previously unknown medium. This is exciting to the point of mania-inducing, which is what makes it feel simultaneously hopeful and dangerous. It’s also what creates a financial bubble, which for the obvious reasons is dramatically exacerbated in the case of NFTs. Worst of all, it’s what often pushes aside the most interesting work being done, work which is trying to understand what the technology unlocks–what it enables in itself–separate from how it can merely transport an existing object (say, a JPEG) into a different realm (say, a hyperfinancial one). I’m talking about the work that literally cannot exist without the specific tool."