Is your point that LLMs are overhyped? Everything is overhyped. That's not what distinguished NFTs from previous hype cycles; the fact that there was literally nothing there is what distinguished it.
However, some artwork is lost to time and all we have are copies. Those copies may have lost important features from the original work, though they may provide additional insight into the artists who created the copies.
With digital works, one can usually trivially create an exact copy.
Indeed, for certain use-cases Bitcoin is competing with Christies too: a lot of the fine art market is actually about storing and moving value. Not about the art.
The Storm Hits the Art Market
the other interpretation is that digital art has become contemporary art
I like the latter
It just takes slower people longer to see the simple similarities to what they already do
regarding the catalyst for consolidating at Christie’s, the whole art market is following a similar downtrend in price and volume as the NFT market since 2022, there was an article about fine art and the contemporary market here the other day
