Amanda A. Rottermund
Senior Associate | USView profile
 Margaret Carrigan, Major Ebsworth Collection Sale at Christie’s Marks the First Blockchain-Recorded Auction, THE ART NEWSPAPER (Oct. 11, 2018, https://www.theartnewspaper.com/2018/10/11/major-ebsworth-collection-sale-at-christies-marks-the-first-blockchain-recorded-auction
 Jonathan Zittrain and Will Marks explain that cryptocurrency is just “blockchains whose core function is to record the sale of unique internet tokens that need not point to anything at all and yet are independently accorded value because they’re commonly understood to be currency.” See infra note 3. Blockchain technology results in the sale execution being permanently stored electronically in a way that cannot be modified by anyone. For example, many NFTs are purchased via marketplaces for “ETH,” which is the abbreviation for the cryptocurrency called Ether (the name is a synonym for “vapor”). Ether can be purchased from websites such as Coinbase. Once someone has Ether, they can then use crypto wallet websites (such as Metamask) to purchase NFTs and/or crypto art through different marketplaces that use blockchain technology to execute the purchases and sales.
 Jonathan Zittrain and Will Marks, What Critics Don’t Understand About NFTs, The Atlantic (April 7, 2021), https://www.theatlantic.com/ideas/archive/2021/04/nfts-show-value-owning-unownable/618525/. “IPFS” stands for the “InterPlanetary File System.”
 Jamie Crawley, NFT Trading Volume Surges 700% to $10.7B in Q3, COINDESK (Oct. 5, 2020), https://www.coindesk.com/business/2021/10/05/nft-trading-volume-surges-700-to-107b-in-q3/.
 Jonathan Zittrain and Will Marks, What Critics Don’t Understand About NFTs, The Atlantic (April 7, 2021), https://www.theatlantic.com/ideas/archive/2021/04/nfts-show-value-owning-unownable/618525/.
 Christopher N. LaVigne & Georges Lederman, A Digital Art Gold Rush? – The Regulators Are Watching, WITHERS WORLDWIDE (Apr. 1, 2021), https://www.withersworldwide.com/en-gb/insight/a-digital-art-gold-rush-the-regulators-are-watching.