The global financial landscape is undergoing a structural shift toward "collapse finance," where institutions designed to manage risk are increasingly profiting from and accelerating systemic instability. Amid geopolitical turmoil and the abandonment of green initiatives, traditional concepts of market security are unravelling, replaced by a system that monetizes uncertainty through instruments like catastrophe bonds and volatile cryptocurrencies.
The group exhibition 'Down the Rabbit Hole' at The Crypt Gallery features over 30 artists reflecting on the psychological and social impacts of the Covid-19 pandemic. Presented by the social enterprise Katya’s Space, the show honors the legacy of the late artist Katya Kan, who passed away in 2023. The works explore themes of digital addiction, isolation, and the 'dystopian' shift in reality experienced during global lockdowns, using Lewis Carroll’s Alice in Wonderland as a metaphor for this profound transformation.
Foundation, a prominent Ethereum-based NFT marketplace that launched during the 2021 digital art boom, has announced it will shut down following a failed acquisition by the digital art company Blackdove. CEO Kayvon Tehranian confirmed that the platform has entered a one-year wind-down phase, urging users to migrate their assets as no other viable buyers exist in the current market. The closure follows the collapse of a deal that was intended to provide long-term stewardship for the platform, which had facilitated over $230 million in sales since its inception.