As the crypto art market cools, Seattle’s NFT museum in limbo

Visitors exit the Seattle NFT Museum during in 2022. When the Belltown museum quietly closed its doors last December, on the heels of the global NFT market crash, some saw a fitting bit of real-world symbolism. — AFP

Like the volatile, hype-prone digital art market it briefly celebrated, the Seattle NFT Museum sometimes struggled to be taken seriously.

Billed as the world’s first museum for NFTs, or non-fungible tokens," it opened in Seattle in 2022, when the NFT market was on fire and celebrities were paying fortunes for art that lived on cryptocurrency blockchains.