Is there a limit to the NFT surge after topping ArtReview's 'Power 100' ranking?

The NFT phenomenon has consolidated over the months, turning it into a veritably booming market. They generated nearly US$3.5bil (RM15bil) in the first three quarters of 2021, according to the latest edition of the annual Hiscox online art trade report. Photo: AFP

A minor revolution has been shaking up the art world for the past 10 months. Its name: the non-fungible token, or NFT. Industry professionals have massively adopted these digital property certificates - whose authenticity is verified by blockchain technology - in turn disrupting the established order in the sector.

The publication of the prestigious ArtReview "Power 100" ranking is eagerly awaited each year. For the past 20 years, the British magazine has been revealing what's making waves in the art world through this list. But it's not an artist, a gallery owner, a curator, a patron or even a museum that tops the latest edition.