Is your arts org crypto-ready?

Cryptocurrency has the potential to open up a new world of philanthropy, here are some key considerations for arts organisations.
Arts crypto philanthropy

Increasingly, the art world is seeing auction houses, galleries and institutions opening up to cryptocurrency. The benefits are clear cut: accepting crypto taps into more (digital) wallets, whether that’s for philanthropy or commercial ends, with quicker transaction times and lower costs.

Yet even with this upward trend, the arts are some of the slowest sectors when it comes to adopting new technology. Many accept that the future of wide-spread cryptocurrency is close, but progress is dwindling when it comes to actual implementation.

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Celina Lei is an arts writer and editor at ArtsHub. She acquired her M.A in Art, Law and Business in New York with a B.A. in Art History and Philosophy from the University of Melbourne. She has previously worked across global art hubs in Beijing, Hong Kong and New York in both the commercial art sector and art criticism. Most recently she took part in drafting NAVA’s revised Code of Practice - Art Fairs. Celina is based in Naarm/Melbourne.