Among those flocking to this year’s Art Basel Miami Beach are traditional brands with Web3 projects—and parties—to plug.
The annual art fair, while not a crypto conference, has seen representation from Web3-based creations and artists looking to break into the established art world. Last year’s event featured new levels of exposure thanks to the explosive popularity of NFTs, although the market for the tokens has since dried up. The crypto world in general has been decimated by a nearly year-long downturn that reached a fever pitch last month with the collapse of crypto exchange FTX.