2022/06/02

Richard Kim on NFTs, a “Strange Combination of Community, Cult, Robin Hood, Slot Machine, and Status Game All in One.”

“I don’t subscribe to the view that flipping is a bad thing, partly because this art form is not pure art. It’s a strange combination of community, cult, Robin Hood, slot machine, and status game all in one.”
– Galaxy Interactive Managing Director Richard Kim, answering a fiercely debated question: is buying and then quickly reselling NFTs to profit on the money (and greed) in the cryptoart space gross?
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$40 USD