{"id":6854,"date":"2021-03-11T13:34:07","date_gmt":"2021-03-11T18:34:07","guid":{"rendered":"https:\/\/cointelegraph.com\/magazine\/?p=6854"},"modified":"2021-03-11T15:12:29","modified_gmt":"2021-03-11T20:12:29","slug":"storming-the-last-bastion-angst-and-anger-as-nfts-claim-high-culture-status","status":"publish","type":"post","link":"https:\/\/cointelegraph.com\/magazine\/2021\/03\/11\/storming-the-last-bastion-angst-and-anger-as-nfts-claim-high-culture-status","title":{"rendered":"Storming the \u2018last bastion\u2019: Angst and anger as NFTs claim high-culture status"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><strong>It\u2019s as immutable as a transaction on the blockchain: Nonfungible tokens, or NFTs, have permanently made their mark on art history.<\/strong> While the movement has some members of the arterati swooning at the notion of unwashed digital hordes laying siege to their domain, the reality is that the two worlds of high art and crypto are fated to become one and the same.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You might not have heard of Mike Winkelmann, but at least one art icon is ready to say he could rank up there with Pablo Picasso. The 39-year-old artist better known as \u201cBeeple\u201d has successfully forced his way into over a half-dozen different encyclopedia entries today after the sale of a career retrospective collage, \u201cThe First 5000 Days<\/span><i><span style=\"font-weight: 400;\">,<\/span><\/i><span style=\"font-weight: 400;\">\u201d was auctioned off in the form of an NFT for a staggering $69.3 million.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">holy fuck.<\/p>\n<p>&mdash; beeple (@beeple) <a href=\"https:\/\/twitter.com\/beeple\/status\/1370037462085595137?ref_src=twsrc%5Etfw\">March 11, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The sale set numerous records and earned Winkelmann a number of highfalutin superlatives \u2014 ones that are no doubt making NFT collectors and prospectors rub their palms: the third-most expensive piece sold at auction by a living artist, the first wholly digital NFT sale at Christie\u2019s and the most expensive NFT ever sold.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Aside from bumping up the cap on multiple \u201cbiggest-ever\u201d records, the $69 million price tag also marks a definitive point of no return. If there was an opportunity to wrangle the narrative, to alter the trajectory of the zeitgeist, it has long past. Beeple is now an artist of worldwide historical importance; Beeple is high culture. Beeple sold his work as an NFT; NFTs are the new medium of high art. The debate is over, and we\u2019re merely left to wonder and worry over what it all <\/span><i><span style=\"font-weight: 400;\">means<\/span><\/i><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>As Kenny Schachter, a self-described \u201cwriter-artist-curator-teacher-dealer,&#8221; told Cointelegraph:<\/p>\n<blockquote class=\"pullquote align-center\"><p>\u201cWhether the fine art world likes it or not, this IS the fine art world now [&#8230;] These are the people [that] are going to revolutionize the business \u2014 they already have \u2014 and change how people collect and what people collect. It\u2019s already happened.\u201d<\/p><\/blockquote>\n<p>The great irony, of course, is that the fine art world and the cryptocurrency world have more in common than not. While the gatekeepers of high art rush to defend what Schachter calls the \u201clast bastion of expression that hasn\u2019t been exploited by the media\u201d from corrupting NFT incursions, the existing NFT culture, ethos and tech might be how the last bastion maintains its elite status for generations to come.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Scare quotes abound<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">\u201cBeeple is one of the largest natively digital artists and Christie&#8217;s one of the largest traditional auction houses,\u201d said Aaron Wright, co-founder of OpenLaw and the NFT investment group Flamingo DAO, of the auction. \u201cNFTs are no longer operating at the margin. They are moving to the heart of the art world.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s a shift that not even longtime participants in the NFT space, such as collector and developer Nate Hart, have fully come to terms with. Just two years ago, Hart was attending hackathons and shipping indie NFT projects; now, he\u2019s being <\/span><a href=\"https:\/\/www.cbsnews.com\/video\/the-rise-in-demand-for-digital-art\/\"><span style=\"font-weight: 400;\">interviewed<\/span><\/a><span style=\"font-weight: 400;\"> on nationally syndicated news programs about his collection.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe Beeple thing is pretty crazy to me. It doesn&#8217;t strike me as something that would be placed among high art, but I have long expected some of the most elite NFTs like CryptoKitties #1 and\/or CryptoPunk aliens would be in Christie&#8217;s or Sotheby&#8217;s eventually,\u201d said Hart. \u201cI have several NFTs that are worth 6 figures now and I wonder to myself, \u2018Am I a high-end art collector now?\u2019\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That exact question has the established high-end dealers, collectors, gallerists and other art world banner carriers breaking into fits of apoplexy. There\u2019s been a spate of grumblings disguised as think pieces from members of the art world both high and low: Georgina Adam broke out scare quotes while <\/span><a href=\"https:\/\/www.theartnewspaper.com\/news\/nfts-a-new-disruptor-in-the-art-market\"><span style=\"font-weight: 400;\">arguing<\/span><\/a><span style=\"font-weight: 400;\"> that most established art world participants would be \u201chorrified by most of the \u2018art\u2019 offered as NFTs\u201d; Brian Droitcour <\/span><a href=\"https:\/\/www.artnews.com\/art-in-america\/features\/nft-art-1234585590\/\"><span style=\"font-weight: 400;\">decried<\/span><\/a><span style=\"font-weight: 400;\"> the majority of the listings on SuperRare as \u201cderivative dross\u201d and said that the wider crypto space is fundamentally \u201cpyramidal\u201d in nature; and prior to recanting some of his statements as \u201cstupid\u201d in an interview with Cointelegraph, Schachter <\/span><a href=\"https:\/\/news.artnet.com\/opinion\/kenny-schachter-tk-1946256\"><span style=\"font-weight: 400;\">combined<\/span><\/a><span style=\"font-weight: 400;\"> Adam\u2019s and Droitcour\u2019s views, saying \u201cA lot of NFT \u2018art\u2019 doesn\u2019t communicate much, nor have anything in the way of purpose other than its exchange value.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Art critic Blake Gopnik <\/span><a href=\"https:\/\/www.marketplace.org\/2021\/03\/02\/non-fungible-tokens-blockchain-you-can-now-own-authenticated-digital-artwork-is-that-a-good-thing\/\"><span style=\"font-weight: 400;\">made<\/span><\/a><span style=\"font-weight: 400;\"> his view especially clear in his interview with Marketplace:\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"pullquote align-center\"><p>\u201cNo one, I hope, no one is saying these are timeless works of human creation and ingenuity, because they\u2019re just completely trivial as artworks.\u201d<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Adding on top of these qualitative arguments, anti-riot gear has recently been distributed to arterati gatekeepers in the form of accusations regarding the calamitous environmental impact of NFTs \u2014 a tired old Gish gallop that the wider cryptocurrency world has been fending off for a decade-plus. The thing is, crypto can keep fending: Outsiders wildly underestimate the delight nerds take in <\/span><a href=\"https:\/\/sterlingcrispin.blogspot.com\/2021\/02\/crypto-art-sky-is-not-falling.html\"><span style=\"font-weight: 400;\">composing<\/span><\/a><span style=\"font-weight: 400;\"> rebuttal blogs.<\/span><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"und\" dir=\"ltr\">\ud83d\udd25\ud83e\uddd1\u200d\ud83c\udfa8\ud83d\udca5\ud83d\udc69\u200d\ud83c\udfa8\u2620\ufe0f <a href=\"https:\/\/t.co\/jenl2Bl31u\">pic.twitter.com\/jenl2Bl31u<\/a><\/p>\n<p>&mdash; Moxarra Gonzalez (@Moxarra) <a href=\"https:\/\/twitter.com\/Moxarra\/status\/1369526290257154049?ref_src=twsrc%5Etfw\">March 10, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">If digital currency aficionados feel like they\u2019ve heard all this before, it\u2019s because they have \u2014 \u201c<\/span><i><span style=\"font-weight: 400;\">It\u2019ll be blockchain, not Bitcoin\u2026 It\u2019s a fun experiment, but there\u2019s no staying power\u2026 It&#8217;s a pyramid scheme; the only value comes from greater fools.\u201d <\/span><\/i><span style=\"font-weight: 400;\">There are a few slight twists in terminology and use case (art instead of currency), but ultimately, it\u2019s the same cocktail of long-debunked FUD.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Strange \u201cMy Bed\u201d<\/b><b><i>&#8211;<\/i><\/b><b>fellows<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Likewise, art world participants with a greater sense of nuance (or in possession of a financial incentive to welcome a new trend, take your pick) also spot cyclicality in these arguments from critics.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Noah Davis, a specialist in Post-War and Contemporary art at Christie\u2019s who oversaw the Beeple auction, told Cointelegraph that the pearl-clutching response is \u201cnot unlike the advent of Street Art as a blue chip collecting category,\u201d where the controversy surrounding the work of outsider artists like Banksy entering auction houses paradoxically legitimized the work.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A similar view comes from Damien Hirst, the iconic British artist who recently said <\/span><a href=\"https:\/\/cointelegraph.com\/news\/british-art-icon-damien-hirst-to-accept-btc-eth-payments-for-print-run\"><span style=\"font-weight: 400;\">he loved cryptocurrency and would be accepting it<\/span><\/a><span style=\"font-weight: 400;\"> for a print run. When Hirst and the other Young British Artists forced their way onto the scene in the late 80s, critics launched similarly predictable, scare-quote heavy tirades, going so far as to write whole books about why Hirst\u2019s work was a sham. Today, he\u2019s one of the highest-grossing artists at auction ever.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hirst told Cointelegraph that the critical dustup is a rodeo he\u2019s attended at least once before:<\/span><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"pullquote align-center\"><p>\u201cI haven\u2019t heard a good argument yet for why this new crypto art isn\u2019t art and that\u2019s how it always starts, there\u2019s not really any doubt that Beeple, (Mike Winkelmann) is a fucking great artist and why not on a par with any of the great artists of history? I love it when something comes along that makes the small minded artworld get its knickers in a twist and mostly when that shit happens in my experience it\u2019s not going away anytime soon.\u201d<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The centimillionaire also teased an NFT project of his own, \u201cThe Currency,\u201d which is set for release later this year \u2014 a drop that will make him comfortably the highest-profile institutional artist to make the leap into the NFT art world.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Ideology, art and technology<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Part of what\u2019s making the arterati so fussy is that NFTs as an art movement resist simple historical contextualization. It\u2019s not quite a semi-homogenous aesthetic trend like Pop art or Post-Internet, nor is it just a technological advancement like photography \u2014 and it can\u2019t be easily lumped into an ideological movement like the Situationists or Dadaism. It\u2019s a loose, dynamic blend of ideology, art and technology. But despite the ever-shifting landscape, the critics sought and found in that slurry the necessary ingredients to set themselves dyspeptic.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In contrast, participants within the young movement are notably optimistic. NFT collector gmoney breaks down three key technical innovations:<\/span><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"pullquote align-center\"><p>\u201cI think there are a few things that are making blockchain art stand out as a movement. First is the artist being able to more directly interact with their collectors. Second, is the provable provenance of work, and the ability to get paid for that work. And third, is the 24\/7 international market that is always open.\u201d<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Combine those properties enabled by the blockchain with a free, open-source ethos and an aesthetic that tends toward a \u201cflashy and a more-is-more attitude, for better or for worse,\u201d as Hart puts it, and you have the outline of something at least vaguely resembling a fully-fledged artistic movement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Critics, however, point out that \u2014 barring the blockchain-based technological advances \u2014 everything the NFT art movement is bringing to the table has been done before. Droitcour says there were experiments in digital ownership with the \u201cnet art of the \u201890s,\u201d and multiple observers have noted that NFT artists are largely deploying well-trod forms artists have experimented with since digital art first emerged in the 1960s.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These gripes aside, most critics just don\u2019t <\/span><i><span style=\"font-weight: 400;\">like<\/span><\/i><span style=\"font-weight: 400;\"> NFT art. Reason being: NFT art doesn\u2019t know how to put the pinkie out.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Descriptors include \u201cgarish,\u201d \u201ccartoonish\u201d and comparisons to something you\u2019d see \u201con the back of a van.\u201d It <\/span><a href=\"https:\/\/www.vice.com\/en\/article\/4ad9ww\/nft-crypto-digital-blockchain-art-explainer\"><span style=\"font-weight: 400;\">needs<\/span><\/a><span style=\"font-weight: 400;\"> a \u201clittle bit more critical engagement.\u201d There\u2019s a more-than-faintly paternalistic belief that NFT artists \u201cneed to open a few history books and learn about art-art if they really want to make a lasting historical impact.\u201d<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Gobbling tulips<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Many of the above comments came from one critic in particular: Schachter. He, who describes himself as the \u201cmost democratic person you\u2019ll meet who has a position in the fine art world,\u201d has since walked at least some of them back, however, and now thinks that NFT art is primed for an institutional takeover.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cAll the people making fun of it are going to be putting it on their walls in 5-10 years,\u201d he told Cointelegraph.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Shachter\u2019s about-face likely mirrors a conversion the rest of the art world is set to undergo. And how can they not? The crypto art market is rapidly <\/span><a href=\"https:\/\/cryptoart.io\/data\"><span style=\"font-weight: 400;\">approaching<\/span><\/a><span style=\"font-weight: 400;\"> a half-billion dollars in sales, a growing percentage of the entire art market. If you want blockchain tech and blockchain new money, the existing cultural capital of blockchain art is a necessary stick.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe Ether\u2019s out of the ether, and nothing\u2019s going to stuff it back in,\u201d said Schachter. \u201cThere will be hyperinflation of prices with a few specific phenomena, but this is no way a bubble.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Wedding the two worlds will require a period of mutual education, however. Schachter is currently teaching a class at New York University on NFTs (it was set to be a history of furniture design, but the students demanded more timely material), doing a \u201cdeep dive\u201d on the history of NFTs and NFT art.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He says he loves \u201cthe anarchy, and the nihilism, I love the disruption of these people fucking the art world up and shaking it up,\u201d but he bemoans the lack of contextualization NFT artists have about their place in art history.<\/span><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I tokenized my grandma <a href=\"https:\/\/twitter.com\/opensea?ref_src=twsrc%5Etfw\">@opensea<\/a> <a href=\"https:\/\/t.co\/3NNZgEI0ck\">pic.twitter.com\/3NNZgEI0ck<\/a><\/p>\n<p>&mdash; kenny schachter (@kennyschac) <a href=\"https:\/\/twitter.com\/kennyschac\/status\/1368593007117799424?ref_src=twsrc%5Etfw\">March 7, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\u201cSome of these artists don&#8217;t know who, you know, who Calder is, Giacometti, or Miro, or even the most well-known artists,\u201d he said. \u201c[&#8230;] These people are artists, I don\u2019t care if they know who Basquiat is or not, if anyone makes something that\u2019s a visual means of self expression, it\u2019s all valid. But if you want it to be art or call it art, crack a book.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s an onus he puts on himself, NFT artists and the \u201cfuddy-duddy\u201d art world all at once \u2014 all parties need to learn each other&#8217;s history and to adapt to the new technological world.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cCovid accelerated the boring, stupid art world relationship with technology and advanced it 15 years in one year,\u201d he said. There\u2019s simply no going back.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To help bring the worlds together, Schachter is curating \u201cBreadcrumbs,\u201d a show of NFT art that will be displayed at German gallery Nagel Draxler on April 9. A preview reveals he\u2019ll be showing off Cryptopunks and <\/span><a href=\"https:\/\/cointelegraph.com\/magazine\/2021\/03\/05\/crypto-pepes-what-does-the-frog-meme\"><span style=\"font-weight: 400;\">Pepes<\/span><\/a><span style=\"font-weight: 400;\"> as part of the pieces on display:<\/span><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\u201cBreadcrumbs\u201d an NFT art exhibit at @nageldraxler in Cologne opening April 9th. Artist list to follow&#8230; <a href=\"https:\/\/t.co\/MmHHC7HpIu\">pic.twitter.com\/MmHHC7HpIu<\/a><\/p>\n<p>&mdash; kenny schachter (@kennyschac) <a href=\"https:\/\/twitter.com\/kennyschac\/status\/1369683128869003264?ref_src=twsrc%5Etfw\">March 10, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">If there are battle lines between the traditional art world and the NFT art world, it\u2019s clear where Schachter stands (even if he has lobbed grenades in multiple directions). When asked about Breadcrumbs, the curatorial theme wasn\u2019t subtle:<\/span><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"pullquote align-center\"><p>\u201cIt\u2019s about giving a fuck-you to the art world, that this is art whether you like it or not.\u201d<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<h3><b>Citadel, meet bastion<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Of the dozen criticisms I\u2019ve read, only one came close to getting it right.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a piece for his publication, ARTnews president Marion Maneker <\/span><a href=\"https:\/\/www.artnews.com\/art-news\/market\/nfts-on-clubhouse-1234584766\/\"><span style=\"font-weight: 400;\">portrayed<\/span><\/a><span style=\"font-weight: 400;\"> the crypto hoards as barbarians, having successfully laid the financial doubters low and now roaming the lands for yet another city to raze \u2014 a city that Maneker implies exists only in their imaginations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIt\u2019s not about the art. It\u2019s not even all about the money,\u201d he wrote. \u201c[&#8230;] It\u2019s about toppling what many of the crypto advocates consciously or unconsciously see as the last bastion of a remote, opaque and gnostic high culture.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Maneker, who has an astonishingly long resume (he used to work for three different publications with New York in their title), implied that the notion of a removed, elitist art world was absurd, using largely unattributed quotes as his tool to do so \u2014 just a step up from scare quotes. Having read his resume, I\u2019m not falling for it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Snobbery aside, Maneker ultimately started down the right psychodynamic diagnostic route, but he simply came to the wrong conclusion. Barbarians don\u2019t always raze, and they don\u2019t always topple; in fact, there\u2019s good historical evidence that sometimes barbarians are lovers rather than fighters. And similar to ancient Rome, the art world can be proficient at folding outsiders into the flock.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin <\/span><span style=\"font-weight: 400;\">and crypto folks <\/span><a href=\"https:\/\/cointelegraph.com\/news\/economist-warns-of-dystopia-if-bitcoin-aristocrats-become-reality\"><span style=\"font-weight: 400;\">joke about \u201cthe Citadel,\u201d<\/span><\/a><span style=\"font-weight: 400;\"> a dystopian future where they\u2019ve become a permanently entrenched neo-aristocracy after taking down the legacy financial system. The Citadel will need art \u2014 and inhabitants will need a way to feel important. The barbarians don\u2019t want to burn the Last Bastion; they want a ticket in.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Right now, the art world wants crypto\u2019s money; soon, after a few more years of snobby scare quotes, they\u2019ll want the art too. The Citadel and the Last Bastion will become one and the same, and fine art and NFTs will complete their matrimony. The two already insufferable communities are fated to have horrible ideological babies that will no doubt deserve the guillotine, and the cycle will begin anew.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Water pours from the sky, and yet, the oceans never fill. Blockchain and art are both formed from a twin destructive\/regenerative energy \u2014 the kind that delights artists like Hirst:<\/span><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"pullquote align-center\"><p>\u201cPicasso made infantile art when he was a grand old man, Cy Twombly sells paintings for millions that look like scribbles, who the fuck knows. Who knows what\u2019s next? What\u2019s relevant. Let\u2019s let the people who haven\u2019t been born yet decide.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Holy fuck.&#8221;<\/p>\n","protected":false},"author":34,"featured_media":6868,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"mc4wp_mailchimp_campaign":[],"_links_to":"","_links_to_target":""},"categories":[157],"tags":[2838,2851,2814,2797,2815,2852],"yst_prominent_words":[311,471,315,1902,1888,224],"_links":{"self":[{"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/posts\/6854"}],"collection":[{"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/comments?post=6854"}],"version-history":[{"count":17,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/posts\/6854\/revisions"}],"predecessor-version":[{"id":6873,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/posts\/6854\/revisions\/6873"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/media\/6868"}],"wp:attachment":[{"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/media?parent=6854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/categories?post=6854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/tags?post=6854"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/yst_prominent_words?post=6854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}