Over the past two years, the global art market has faced significant challenges and a notable downturn. According to recent reports, total auction sales at major houses such as Sotheby’s, Christie’s, and Phillips saw a sharp decline in 2024, continuing the downward trend from 2023.

In response, the art market has been exploring new strategies to counteract these losses. One promising avenue is the adoption of cryptocurrencies in auctions and art transactions. The potential for digital assets in the art world has gained further traction with the return of Donald Trump as U.S. president, as many speculate that his administration may adopt a more favorable stance toward cryptocurrencies, potentially accelerating their use in art sales.