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The House of Electronic Arts (HEK) in Basel and the Tezos Foundation have announced a year-long partnership to integrate blockchain technology into museum experiences. The collaboration includes virtual and physical exhibitions, workshops, and preservation initiatives, featuring six international digital artists. Exhibitions will be hosted on HEK's online platform virtual.hek and outdoors during Art Basel, with artworks released via the Tezos-based marketplace Objkt. The partnership also involves on-site kiosks and educational workshops on NFTs and digital ownership, as well as HEK's participation in the EU COST Action EMBARK training school on NFT preservation at ZKM in Karlsruhe.

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The Digital Art Mile, Basel's first-ever digital art fair, opened its second edition on Monday at the city's Kult Kino Camera cinema, running through Sunday. Founded by digital art adviser Georg Bak and ArtMeta founder Roger Haas, the fair features panels, conferences on the digital art market, and the headline exhibition “Paintboxed,” which explores the history of the Quantel Paintbox. In a calmer, more academic atmosphere than Art Basel, ARTnews asked 10 prominent digital art figures to select their favorite artwork from the fair, with responses highlighting works such as Kim Asendorf's "Monogrid 90," XCOPY's "Last Selfie," and Matt Kane's "Gazers 200."

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The Digital Art Mile returns to Basel, Switzerland, from June 16 through 22, 2025, timed to coincide with Art Basel. Organized by Artmeta and staged at the historic Rebgasse, the event features a fair, exhibition, and public program showcasing a wide spectrum of digital and computer-based practices—from 1960s early computer art to humanoid robots and autonomous AI agents. This year's edition includes roughly 11 exhibitors, with solo presentations by Nigerian digital artist Osinachi (at Kate Vass Galerie) and generative artist Tyler Hobbs (via LaCollection), as well as group shows and a conference program exploring themes like the digital art market, AI in generative practices, and institutional engagement with new media. A central exhibition, Paintboxed—part of the Tezos World Tour—examines the legacy of the Paintbox, an early digital painting system.

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The Financial Times reports that half of non-bank lenders offering loans against artworks experienced defaults in 2024, up from 17% two years earlier, according to the Art and Finance Report 2025 by Deloitte Private and ArtTactic. The art market has shrunk 12% to $57.5 billion since 2022, dragging down collateral values and triggering margin calls. Meanwhile, Australia's social media ban for under-16s raises questions for museums, with the Art Gallery of New South Wales noting minimal impact but the Museum of Contemporary Art Australia more reliant on youth engagement. Other news includes Vanessa Horabuena's speed-painted Jesus sold for $2.75 million at Mar-a-Lago, the cancellation of NFT Paris and RWA Paris 2026, and a critical column calling for the end of the Singapore Biennial.

New York's digital art gallery reboot

Two new galleries specializing in digital art have opened in New York's Lower East Side: Offline, a physical marketplace launched by the NFT platform SuperRare, and Heft Gallery, founded by curator and artist Adam Heft Berninger. Offline debuted in April with the exhibition "Mythologies for a Spiritually Void Time," featuring works by artists like Neal Cashman, while Heft Gallery focuses on artists using AI, code, and algorithms, with works such as Margaret Murphy's AI-generated photograph. Both spaces aim to bridge Web3 and traditional art venues, offering physical experiences for digital art.

Comment | Digital art today has a narcissism problem

Art Basel Miami Beach's new digital art section, Zero 10, featured a heavily subsidized presentation curated by Eli Scheinman, bypassing the fair's usual selection process. The centerpiece was Beeple's installation "Regular Animals" (2025), which displayed dog-like robots with humanoid masks of figures including Kim Jong-un, Elon Musk, and Beeple himself, which critics argue lacks substantive critique and relies on shallow satire.

Foundation, a Prominent NFT Platform of the 2021 Boom, Shuts Down After Failed Sale

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.

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Andrew Wolff, CEO of Beowolff Capital, has acquired Artnet and a controlling stake in Artsy, positioning himself as a key consolidator in the digital art market. In an interview tied to his inclusion in the Observer's “Art Power Index,” Wolff outlined plans to integrate data across platforms, develop AI-native tools, and create a seamless ecosystem for discovery, valuation, and transaction, aiming to empower younger collectors who favor networked, permissionless access over traditional gatekeepers.

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Jacob Pabst, CEO of Artnet AG, resigned late Sunday night just before the company's annual general meeting in Berlin. His contract had expired at the end of August, and he cited a failure to reach an agreement on continuing. Andrew E. Wolff, who holds about 98.93% of Artnet shares and also owns rival platform Artsy, will serve as interim CEO. The meeting proceeded without Artnet management present, leading to criticism from investor-protection group DSW. Shareholders were given an overview of 2024 finances and approved the creation of authorized capital for a possible increase of up to 50% of share capital. Former major shareholder Rüdiger K. Weng announced he will pursue civil and criminal claims against members of the founding Neuendorf family and board members.

Comment | 'Artnet-Artsy merger: a Bloomberg for art?'

Artnet and Artsy have officially merged under private equity firm Beowolff Capital, founded by former Goldman Sachs trader Andrew Wolff. The deal, which took Artnet private, has already led to layoffs at both companies—including at least seven staff members from Artnet News—and the closure of Artnet's Berlin office. Jeffrey Yin, CEO of Artsy, will lead the combined entity. The merger aims to combine Artnet's vast database of 18 million auction results with Artsy's primary market gallery network to create a seamless user experience for discovering, researching, and buying art.

Artnet and Artsy Come Together Under Shared Leadership

Artnet and Artsy, two of the most influential digital platforms in the art world, have merged under a single leadership structure following a series of acquisitions by Beowolff Capital. Jeffrey Yin has been appointed CEO of the unified company, while Beowolff founder Andrew Wolff will serve as chairman. Despite the shared management, both entities will maintain their distinct branding, with Artnet focusing on market data and journalism while Artsy continues its emphasis on art discovery and e-commerce.

Artnet and Artsy Announce They’re ‘Joining Forces’ Under Shared Leadership

Artnet and Artsy have announced a strategic merger under a single leadership structure following their acquisition by Beowolff Capital. While both platforms will maintain their distinct brand identities and websites, they will now operate as a combined organization led by Artsy CEO Jeffrey Yin, with Beowolff Capital founder Andrew Wolff serving as chairman. The move aims to integrate Artnet’s industry-leading price database and journalism with Artsy’s expansive e-commerce and discovery marketplace.

Artnet et Artsy amorcent leur intégration

Artnet and Artsy, both acquired in 2025 by British fund Beowolff Capital, are beginning their integration under a shared management structure while maintaining separate brands and websites. The reorganization has already involved job cuts and aims to more closely align market data, online visibility, and transactions amid a fragile online art sales environment.

The Rapprochement Between Artnet and Artsy Takes Shape

Le rapprochement entre Artnet et Artsy prend corps

Artnet and Artsy, two major online art market platforms, have announced a strategic merger under the common ownership of British investment fund Beowolff Capital. The companies will retain their distinct brands and websites but will be led by a unified management team, with Artsy's CEO Jeffrey Yin taking the helm. The consolidation has already resulted in dozens of job cuts, particularly at Artnet News, and follows a period of economic strain for Artnet, which reported a 12% revenue drop in the first half of 2025.