A well-researched but overly dense account of the impact of NFTs on the art market.
An in-depth exposé of the recent multibillion-dollar surge and explosive crash in the speculative realms of digital art and crypto finance.
New York Times reporter Small dissects the recent history of nonfungible tokens (NFTs) and their significant effect on the investment art community, initiated by the sale of a digital artwork compilation at Christie's in 2021 for $69.3 million. “It was an outrageous sum for digital art—the kind of world record that raises conspiracy theories about the motives of its buyers and sellers,” writes the author. “Suddenly the art market was on the fulcrum of decentralized finance, splitting its weight between the invading crypto billionaires and the ancien régime of traditional art collectors. But auctioneers tipped the balance in favor of the new money, scrambling to find a historical precedent for their new cash cow.” In this sprawling narrative maze, Small profiles a diverse range of digital artists as well as other influential and often shadowy players across the finance, entertainment, tech, and gaming industries. They also expand the context with forays into pivotal movements in art history, a summary of the 2008 financial crisis and the rise of the crypto economy. Throughout, Small sharply critiques the erosion of art collecting's prestige by sellers and investors driven by insatiable greed. “The NFT explosion,” writes the author, “had begun with a deadly symmetry exposing culture’s worst tendencies: toward trustlessness, toward scarcity, toward desperation and sycophancy…criminals took advantage of the zeitgeist and errant entrepreneurs played at expertise.” In their meticulously documented exploration, Small reveals insights hinting at a compelling core story. However, the intricate details and tech-speak will overwhelm many general readers. In the hands of a more seasoned storyteller such as Michael Lewis, the material would resonate with a wider audience.
A well-researched but overly dense account of the impact of NFTs on the art market.Pub Date: May 21, 2024
ISBN: 9780593536759
Page Count: 368
Publisher: Knopf
Review Posted Online: Feb. 9, 2024
Kirkus Reviews Issue: March 15, 2024
Cogent, well-timed ideas for meeting today’s biggest challenges.
Helping liberals get out of their own way.
Klein, a New York Times columnist, and Thompson, an Atlantic staffer, lean to the left, but they aren’t interrogating the usual suspects. Aware that many conservatives have no interest in their opinions, the authors target their own side’s “pathologies.” Why do red states greenlight the kind of renewable energy projects that often languish in blue states? Why does liberal California have the nation’s most severe homelessness and housing affordability crises? One big reason: Liberal leadership has ensnared itself in a web of well-intentioned yet often onerous “goals, standards, and rules.” This “procedural kludge,” partially shaped by lawyers who pioneered a “democracy by lawsuit” strategy in the 1960s, threatens to stymie key breakthroughs. Consider the anti-pollution laws passed after World War II. In the decades since, homeowners’ groups in liberal locales have cited such statutes in lawsuits meant to stop new affordable housing. Today, these laws “block the clean energy projects” required to tackle climate change. Nuclear energy is “inarguably safer” than the fossil fuel variety, but because Washington doesn’t always “properly weigh risk,” it almost never builds new reactors. Meanwhile, technologies that may cure disease or slash the carbon footprint of cement production benefit from government support, but too often the grant process “rewards caution and punishes outsider thinking.” The authors call this style of governing “everything-bagel liberalism,” so named because of its many government mandates. Instead, they envision “a politics of abundance” that would remake travel, work, and health. This won’t happen without “changing the processes that make building and inventing so hard.” It’s time, then, to scrutinize everything from municipal zoning regulations to the paperwork requirements for scientists getting federal funding. The authors’ debut as a duo is very smart and eminently useful.
Cogent, well-timed ideas for meeting today’s biggest challenges.Pub Date: March 18, 2025
ISBN: 9781668023488
Page Count: 320
Publisher: Avid Reader Press
Review Posted Online: Jan. 16, 2025
Kirkus Reviews Issue: Feb. 15, 2025
BOOK REVIEW
PERSPECTIVES
An eye-opening look at prison life from the point of view of a true warrior for justice.
A memoir on the making of a literal “jailhouse lawyer.”
Wrongfully arrested and convicted of murder in New Orleans, which at the time had “the highest rate of wrongful convictions in the nation, with nearly all the victims being Black men who…grew up poor,” Duncan served for 23 years in Louisiana’s notorious Angola prison and other institutions. He might have done his time at the Orleans Parish Prison, but, he writes, he wanted access to Angola’s more extensive law library. Well before being transferred there, he petitioned the Louisiana Supreme Court for a law book, a motion denied because it had not first been adjudicated in a lower court. A sympathetic judge gave him a copy all the same, and Duncan was off to a career as an inmate advocate, regularly filing petitions and lawsuits on his own behalf and that of his fellow prisoners—the first suit being “over the jail’s failure to provide him with a high-fiber diet,” soon followed by motions to provide mental health treatment, end beatings and arbitrary punishments, and improve medical care. Known as the “Snickers Lawyer” for taking payment in candy, he became a self-taught expert on constitutional issues. Naturally, he recounts, he was targeted by guards and wardens for his legal activism, even as he proved essential to Angola’s population; in time, too, he found a few unlikely allies among the staff. Duncan’s well-told story is full of fraught moments of abuse both physical and judicial, though it has something of a happy ending in that, after earning a law degree after his release, he was exonerated of the crime and has since been fighting for other prisoners to “have meaningful access to the courts.”
An eye-opening look at prison life from the point of view of a true warrior for justice.Pub Date: July 8, 2025
ISBN: 9780593834305
Page Count: 400
Publisher: Penguin Press
Review Posted Online: April 17, 2025
Kirkus Reviews Issue: May 15, 2025
© Copyright 2025 Kirkus Media LLC. All Rights Reserved.
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