The work features a 1:10 loop of a business-class white man standing on an auction block

Russian museum will look beyond the market hype to address deeper questions about "the specific possibilities of this medium", says contemporary art curator Dimitri Ozerkov

NFT of a smoking punk appeared to link to Banksy’s website but the webpage was swiftly removed, prompting rumours of a hack

The Russian museum had to overcome country's stringent restrictions on cryptocurrencies

One marketplace has already blocked the artist who goes by the name of Pest Supply

With investors such as Elon Musk and Chamath Palihapitiya backing the purely digital art form, the trade is beginning to take notice

Interest is growing in Non-Fungible Tokens, which represent digital works and proof of ownership