The Innovators: Art Blocks CEO Erick Calderon on Crypto Speculation, the Bear Market, and Building His Kids’ Future on the Blockchain

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.gm-dropdown > .gm-dropdown-menu-wrapper {transition: all 0.2s; transform: translateY(40px);}.gm-dropdown-appearance-animate-from-bottom .gm-dropdown.gm-open > .gm-dropdown-menu-wrapper {visibility: visible; transform: translateY(0); opacity: 1;}}@media (min-width: 1024px) {.gm-navbar .gm-dropdown-menu .gm-dropdown-toggle .gm-caret {font-size: 11px}}.gm-navbar:not(.gm-navbar-sticky-toggle) .gm-navbar-nav > li.current-menu-item > .gm-anchor, .gm-navbar:not(.gm-navbar-sticky-toggle) .gm-navbar-nav > li.current-menu-ancestor > .gm-anchor, .gm-navbar:not(.gm-navbar-sticky-toggle) .gm-navbar-nav > li.current-page-ancestor > .gm-anchor, .gm-navbar:not(.gm-navbar-sticky-toggle) .gm-navbar-nav > li.current-menu-parent > .gm-anchor, .gm-navbar:not(.gm-navbar-sticky-toggle) .gm-navbar-nav > .menu-item > .gm-anchor:hover, .gm-navbar:not(.gm-navbar-sticky-toggle) .gm-navbar-nav > .menu-item.gm-open > .gm-anchor {color: rgba(90, 90, 90, 1) !important}@media (min-width: 1024px) {.gm_action__visibility__mobile {display: none !important;}}@media (max-width: 1023px) {.gm_action__visibility__desktop {display: none !important;}}.gm-dropdown-menu, .gm-minicart-dropdown {transition: all 0.17s;}@media (min-width: 1024px) {.gm-navbar--shadow-dropdown-tiny.gm-navbar--has-shadow-dropdown .gm-dropdown-menu {box-shadow: 0 3px 6px 0 rgba(0, 0, 0, 0.1);}.gm-navbar--shadow-dropdown-medium.gm-navbar--has-shadow-dropdown .gm-dropdown-menu {box-shadow: 0 8px 15px 0 rgba(0, 0, 0, 0.1);}.gm-navbar--shadow-dropdown-large.gm-navbar--has-shadow-dropdown .gm-dropdown-menu {box-shadow: 0 12px 30px 10px rgba(0, 0, 0, 0.1), 0 2px 4px 1px rgba(0, 0, 0, 0.1);}.gm-navbar--shadow-dropdown-deep.gm-navbar--has-shadow-dropdown .gm-dropdown-menu {box-shadow: 0px 5px 15px 3px rgba(0, 0, 0, 0.1), 0 3px 4px 2px rgba(0, 0, 0, 0.1);}}.gm-navbar, .gm-main-menu-wrapper, .gm-navigation-drawer {font-family: inherit}.gm-navbar:not(.gm-navbar-sticky-toggle) .gm-inner-bg, .gm-padding {background-color: rgba(255, 255, 255, 1)}@media (min-width: 1024px) {.gm-padding {padding-top: 44px}}@media (max-width: 1023px) {.gm-padding {padding-top: 50px}}.gm-navbar:not(.gm-navbar-sticky-toggle) .gm-inner {border-bottom-color: rgba(0, 0, 0, 0); border-bottom-width: 0px}.gm-navbar ~ .gm-main-menu-wrapper .gm-menu-item__icon, .gm-navbar .gm-main-menu-wrapper .gm-menu-item__icon, .gm-toolbar-nav-container .gm-menu-item__icon {margin-right: 8px;}.gm-main-menu-wrapper .gm-navbar-nav .gm-menu-item__icon {display: none}@media (min-width: 1024px) {.gm-main-menu-wrapper .gm-navbar-nav > .gm-dropdown:not(.mega-gm-dropdown) .gm-dropdown-menu {min-width: 230px}}@media (min-width: 1024px) {.gm-navbar #gm-toolbar .gm-toolbar-social-link:hover {color: rgba(165, 226, 94, 1) !important}.gm-navbar .gm-main-menu-wrapper .gm-actions .gm-toolbar-social-link:hover {color: rgba(165, 226, 94, 1) !important}}@media (min-width: 1024px) {.gm-navbar:not(.gm-navbar-sticky-toggle) .gm-logo__img-default {display: flex;}}@media (min-width: 1024px) {.gm-navbar:not(.gm-navbar-sticky-toggle) .gm-logo__img-alt {display: none;}}@media (min-width: 1024px) {.gm-main-menu-wrapper #gm-main-menu .gm-navbar-nav > .menu-item > .gm-anchor {color: rgba(90, 90, 90, 1)}}@media (min-width: 1024px) {.gm-navbar:not(.gm-navbar-sticky-toggle) .gm-main-menu-wrapper .gm-nav-inline-divider {background-color: rgba(90, 90, 90, 1)}.gm-navbar--has-divider .gm-navbar-nav > li:not(:last-of-type) > .gm-anchor {position: relative;}.gm-navbar--has-divider .gm-navbar-nav > li:not(:last-of-type) > .gm-anchor::before {position: absolute; width: 1px; height: 30px; opacity: 0.25; content: ""; top: 50%; right: 0; transform: translateY(-50%);}.gm-navbar.gm-navbar--has-divider:not(.gm-navbar-sticky-toggle) .gm-main-menu-wrapper .gm-navbar-nav > li:not(:last-of-type) > .gm-anchor::before {background-color: rgba(90, 90, 90, 1)}}@media (min-width: 1024px) {.gm-main-menu-wrapper #gm-main-menu .gm-navbar-nav .gm-dropdown-menu .gm-menu-item__link {color: 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.gm-navbar-nav .gm-dropdown-menu .gm-mega-menu__item.current-page-ancestor > .gm-mega-menu__item__title .gm-menu-item__txt, .gm-main-menu-wrapper #gm-main-menu .gm-navbar-nav .gm-dropdown-menu .gm-mega-menu__item.current-menu-item > .gm-mega-menu__item__title .gm-menu-item__txt {color: rgba(204, 32, 59, 1)}}@media (min-width: 1024px) {.gm-main-menu-wrapper .gm-mega-menu__item__title, .gm-main-menu-wrapper .gm-mega-menu__item__title .gm-menu-item__txt {color:rgba(110, 110, 111, 1)}}.gm-navigation-drawer {background-color: rgba(255, 255, 255, 1);}.gm-mobile-submenu-style-slider .gm-navbar-nav .gm-dropdown-menu-wrapper {background-color: rgba(255, 255, 255, 1);}.gm-navigation-drawer .gm-anchor, .gm-navigation-drawer .gm-mega-menu__item__title, .gm-navigation-drawer--mobile .gm-navbar-nav .gm-dropdown-menu-title {color: rgba(90, 90, 90, 1) !important}.gm-navigation-drawer .gm-anchor, .gm-navigation-drawer .gm-mega-menu__item__title {border-bottom: 1px dotted rgba(90, 90, 90, 1)}.gm-navigation-drawer .gm-divider--vertical {border-color: rgba(90, 90, 90, 1)}@media (max-width: 1023px) {.gm-navbar .gm-container {flex-direction: row-reverse !important;}}@media (max-width: 1023px) {.gm-navigation-drawer .gm-search, .gm-navigation-drawer .gm-minicart {color: rgb(90, 90, 90, 1) !important;}}.gm-navigation-drawer .gm-anchor:hover, .gm-navigation-drawer li.current-menu-parent > .gm-anchor, .gm-navigation-drawer li.current-menu-item > .gm-anchor {color: rgba(90, 90, 90, 1) !important}.gm-navigation-drawer--mobile .gm-mobile-menu-container {z-index: 20;}.gm-navigation-drawer--mobile .gm-menu-btn.gm-hamburger-close {display: block; position: relative; margin-top: 8px; margin-bottom: 8px; z-index: 10; width: 24px; height: 24px;}.gm-navigation-drawer--mobile .gm-menu-btn.gm-hamburger-close .gm-menu-btn__inner {display: block; box-sizing: content-box; text-align: center;}.gm-navigation-drawer--mobile.gm-navigation-drawer--right .gm-menu-btn.gm-hamburger-close {margin-right: auto; margin-left: 0;}.gm-navigation-drawer--mobile.gm-navigation-drawer--left .gm-menu-btn.gm-hamburger-close {margin-right: 0; margin-left: auto;}.gm-navigation-drawer--mobile {max-width: 100%; width: 100%;}.gm-navigation-drawer--mobile {overflow: visible;}.gm-navigation-drawer--mobile .gm-burger {position: absolute;}.gm-navigation-drawer--mobile.gm-navigation-drawer--right .gm-burger {right: calc( 100% + 16px );}.gm-navigation-drawer--mobile.gm-navigation-drawer--left .gm-burger {left: calc( 100% + 16px );}.gm-navigation-drawer--open .gm-burger {margin-top: 8px !important; z-index: 10;}.gm-navigation-drawer--open.gm-navigation-drawer--right .gm-burger {right: calc( 100% - 24px );}.gm-navigation-drawer--open.gm-navigation-drawer--left .gm-burger {left: calc( 100% - 24px );}@media (max-width: 1023px) {.gm-navigation-drawer--open .gm-burger .hamburger-inner, .gm-navigation-drawer--open .gm-burger .hamburger-inner::after, .gm-navigation-drawer--open .gm-burger .hamburger-inner::before {background-color: rgba(104, 104, 104, 1) !important;}.gm-navigation-drawer .gm-hamburger-close .gm-menu-btn__inner {color: rgba(104, 104, 104, 1);}}@media (max-width: 1023px) {.gm-navigation-drawer--open .gm-burger .hamburger-box, .gm-navigation-drawer--open .gm-burger .hamburger-inner, .gm-navigation-drawer--open .gm-burger .hamburger-inner::after, .gm-navigation-drawer--open .gm-burger .hamburger-inner::before {width: 24px !important;}.gm-navigation-drawer--open .gm-burger .hamburger-box {height: 24px !important;}.gm-navigation-drawer .gm-hamburger-close .gm-menu-btn__inner {width: 24px; height: 24px;}.gm-navigation-drawer .gm-hamburger-close .gm-menu-btn__inner > i {font-size: 24px; width: 24px; height: 24px;}}@media (max-width: 1023px) {.gm-navigation-drawer--open .gm-burger {background-color: rgba(0, 0, 0, 0) !important;}.gm-navigation-drawer .gm-hamburger-close .gm-menu-btn__inner {background-color: rgba(0, 0, 0, 0);}}@media (max-width: 1023px) {.gm-navigation-drawer--mobile .gm-menu-btn-close-mobile-drawer {padding: 12px 0px 12px 0px;}}@media (max-width: 1023px) {.gm-navigation-drawer--mobile .gm-menu-btn-close-mobile-drawer {display: flex; flex-wrap: nowrap; flex-direction: row; align-content: center; justify-content: flex-start; flex: 0; width: 100%;}}@media (max-width: 1023px) {.gm-menu-btn-close-mobile-drawer .hamburger {padding: 0; cursor: pointer; justify-content: center; padding: 0; min-width: 24px;}.gm-menu-btn-close-mobile-drawer .hamburger .hamburger-box, .gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner, .gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner::after, .gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner::before {width: 24px;}.gm-menu-btn-close-mobile-drawer .hamburger .hamburger-box {height: 24px;}.gm-menu-btn-close-mobile-drawer .gm-menu-btn__inner {font-size: 24px;}}@media (max-width: 1023px) {.gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner, .gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner::after, .gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner::before {height: 3px;}}@media (max-width: 1023px) {.gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner, .gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner::after, .gm-menu-btn-close-mobile-drawer .hamburger .hamburger-inner::before {background-color: rgba(104, 104, 104, 1);}.gm-menu-btn-close-mobile-drawer .gm-menu-btn__inner {color: rgba(104, 104, 104, 1);}}@media (max-width: 1023px) {.gm-menu-btn-close-mobile-drawer .hamburger {background-color: rgba(0, 0, 0, 0);}.gm-menu-btn-close-mobile-drawer .gm-menu-btn__inner {background-color: rgba(0, 0, 0, 0);}}@media (max-width: 1023px) {.gm-anchor, .gm-mega-menu__item__title {padding:9px 0;}.gm-navigation-drawer .gm-caret {position: absolute; right: 0; height: 38px; top: auto; padding: calc( 9px + 3px ) 0 9px 18px; min-width: 50px;}.gm-navigation-drawer .gm-dropdown > .gm-anchor {position: relative;}.gm-navigation-drawer .gm-dropdown > .gm-anchor .gm-menu-item__txt-wrapper {padding-right: 50px;}}.gm-navigation-drawer--mobile.gm-navigation-drawer--right {transform: translate3d(calc( 100% ), 0, 0); right: 0}@media (max-width: 1023px) {.gm-hide-on-mobile {display: none;}.gm-hide-on-mobile-by-option {display: none !important;}}@media (max-width: 1023px) {.gm-inner .gm-container {height: 50px;}}@media (max-width: 1023px) {.gm-navigation-drawer--mobile .gm-navbar-nav > .gm-menu-item > .gm-anchor, .gm-navigation-drawer--mobile .gm-navbar-nav .gm-dropdown-menu-title {font-size: 12px}}@media (max-width: 1023px) {.gm-navigation-drawer--mobile .gm-navbar-nav > .gm-menu-item > .gm-anchor, .gm-navigation-drawer--mobile .gm-navbar-nav .gm-dropdown-menu-title {text-transform: uppercase}}@media (max-width: 1023px) {.gm-navigation-drawer--mobile .gm-dropdown-menu .gm-anchor {font-size: 11px}}@media (max-width: 1023px) {.gm-navigation-drawer--mobile .gm-dropdown-menu .gm-anchor {text-transform: uppercase}}@media (min-width: 1024px) {.gm-main-menu-wrapper .gm-navbar-nav > li > .gm-anchor {font-size: 14px}}@media (min-width: 1024px) {.gm-main-menu-wrapper .gm-menu-item__link {font-size: 11px}}@media (min-width: 1024px) {.gm-main-menu-wrapper .gm-navbar-nav > li > .gm-anchor {text-transform: uppercase}}@media (min-width: 1024px) {.gm-main-menu-wrapper .gm-menu-item__link {text-transform: uppercase}}@media (min-width: 1024px) {.gm-main-menu-wrapper .gm-mega-menu__item__title, .gm-main-menu-wrapper .gm-mega-menu__item__title .gm-menu-item__txt {text-transform: uppercase}}@media (min-width: 1024px) {.gm-main-menu-wrapper .gm-mega-menu__item__title, .gm-main-menu-wrapper .gm-mega-menu__item__title .gm-menu-item__txt {font-size: 13px}}#lang_sel_click {display: none}@media (max-width: 1023px) {.gm-navbar .gm-logo {flex: 1 1; justify-content: flex-start;}}@media (min-width: 1024px) {.gm-burger {display: none;}}@media (max-width: 1023px) {.gm-burger {display: block;}}@media (min-width: 1024px) {.gm-menu-btn__inner {color: rgba(104, 104, 104, 1);}.gm-menu-actions-wrapper a.gm-minicart-link {color: rgba(104, 104, 104, 1) !important;}}@media (min-width: 1024px) {.gm-menu-btn__inner {font-size: 24px;}}@media (min-width: 1024px) {.gm-menu-btn__inner {background-color: rgba(0, 0, 0, 0);}}@media (max-width: 1023px) {.gm-menu-btn__inner {color: rgba(104, 104, 104, 1);}.gm-menu-actions-wrapper .gm-search > .gm-icon {color: rgba(104, 104, 104, 1);}.gm-menu-actions-wrapper a {color: rgba(104, 104, 104, 1);}.gm-menu-actions-wrapper a.gm-minicart-link {color: rgba(104, 104, 104, 1) !important;}.gm-burger .hamburger-inner, .gm-burger .hamburger-inner::after, .gm-burger .hamburger-inner::before {background-color: rgba(104, 104, 104, 1);}.gm-burger.hamburger.is-active .hamburger-inner, .gm-burger.hamburger.is-active .hamburger-inner::after, .gm-burger.hamburger.is-active .hamburger-inner::before {background-color: rgba(104, 104, 104, 1);}}@media 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11.3548C71.4411 9.97849 69.8187 9.92934 68.4421 9.92934C66.2788 9.92934 62.0507 10.8141 62.0507 17.8433V31.4101H57.6259V6.83257H62.0507V10.5684C63.2798 7.81567 65.6889 6.2427 69.622 6.2427C72.8669 6.2427 75.1776 7.1275 76.9475 8.99539ZM102.611 11.1091C104.086 13.4685 104.873 16.9585 104.676 20.4485H86.0381C86.1364 25.8556 88.398 28.4608 93.0195 28.4608C97.1985 28.4608 99.46 26.6912 100.05 22.9555L104.327 23.2995C103.246 29.0507 99.3125 32 93.0735 32C89.2879 32 86.338 30.8694 84.2239 28.4117C82.159 26.1014 81.2249 22.9063 81.2249 19.0722C81.2249 15.4347 82.2573 12.2396 84.3222 9.92934C86.4855 7.47158 89.4845 6.2427 93.0244 6.2427C96.9084 6.2427 100.596 7.91398 102.611 11.1091ZM87.2721 12.4854C86.5018 13.815 86.0949 15.3237 86.0922 16.8602H100.153C100.076 15.3153 99.6198 13.813 98.8258 12.4854C97.5475 10.6175 95.7284 9.83103 93.0735 9.83103C90.3203 9.83103 88.2554 10.8633 87.2721 12.4854ZM112.985 10.5192V25.7573C112.985 27.3794 113.723 27.6743 115.542 27.6743C116.301 27.6502 117.057 27.568 117.803 27.4286L117.902 31.4101C117.009 31.5695 116.104 31.6517 115.198 31.6559C110.625 31.6559 108.61 29.8863 108.61 25.9048V10.5192H105.07V6.83257H108.61V0H112.985V6.83257H117.995V10.5192H112.985Z"></path></svg><h1 class="-mt-2 text-3xl">Price Database</h1></div><div class="hidden pl-4 print:flex print:h-7 print:flex-initial print:items-center print:justify-between print:text-xs print:text-neutral-400"><div>25 November 2024</div></div></header><header class="h-[56px] lg:h-[123px] print:hidden"><div class="hidden js_GlobalHeader bg-white duration-700 lg:block dark:bg-black border-b-[1px] border-neutral-200 fixed top-0 left-0 right-0 transition ease-in-out z-[1500]"><div><div class="js_GlobalHeaderDesktop mx-auto bg-white px-8 pt-8 dark:bg-black" style="max-width:137.2rem"><div class="relative" data-headlessui-state=""><div><div class="flex items-center justify-center pb-6"><a href="https://www.artnet.com/" class="js_ArtnetLogo"><svg class="inline-block h-6 fill-brand-black 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39.4792 6.58679L39.3809 10.765C39.0057 10.7206 38.6277 10.7042 38.2501 10.7158C33.5794 10.7158 30.1871 12.1905 30.1871 20.1045V31.4101H25.7623V6.83257H30.1871V11.5023C30.8754 9.19201 33.7761 7.1275 37.8076 6.63594ZM49.8087 6.83257H54.8235V10.5192H49.8087V25.7573C49.8087 27.3794 50.5462 27.6743 52.3652 27.6743C53.1243 27.6502 53.8803 27.568 54.6268 27.4286L54.7251 31.4101C53.8325 31.5695 52.9278 31.6517 52.0211 31.6559C47.4488 31.6559 45.433 29.8863 45.433 25.9048V10.5192H41.8932V6.83257H45.433V0H49.8087V6.83257ZM76.9475 8.99539C78.8158 11.0108 78.865 14.2058 78.865 16.8111V31.4101H74.2927V17.0568C74.2927 14.7957 74.3418 12.7803 72.8177 11.3548C71.4411 9.97849 69.8187 9.92934 68.4421 9.92934C66.2788 9.92934 62.0507 10.8141 62.0507 17.8433V31.4101H57.6259V6.83257H62.0507V10.5684C63.2798 7.81567 65.6889 6.2427 69.622 6.2427C72.8669 6.2427 75.1776 7.1275 76.9475 8.99539ZM102.611 11.1091C104.086 13.4685 104.873 16.9585 104.676 20.4485H86.0381C86.1364 25.8556 88.398 28.4608 93.0195 28.4608C97.1985 28.4608 99.46 26.6912 100.05 22.9555L104.327 23.2995C103.246 29.0507 99.3125 32 93.0735 32C89.2879 32 86.338 30.8694 84.2239 28.4117C82.159 26.1014 81.2249 22.9063 81.2249 19.0722C81.2249 15.4347 82.2573 12.2396 84.3222 9.92934C86.4855 7.47158 89.4845 6.2427 93.0244 6.2427C96.9084 6.2427 100.596 7.91398 102.611 11.1091ZM87.2721 12.4854C86.5018 13.815 86.0949 15.3237 86.0922 16.8602H100.153C100.076 15.3153 99.6198 13.813 98.8258 12.4854C97.5475 10.6175 95.7284 9.83103 93.0735 9.83103C90.3203 9.83103 88.2554 10.8633 87.2721 12.4854ZM112.985 10.5192V25.7573C112.985 27.3794 113.723 27.6743 115.542 27.6743C116.301 27.6502 117.057 27.568 117.803 27.4286L117.902 31.4101C117.009 31.5695 116.104 31.6517 115.198 31.6559C110.625 31.6559 108.61 29.8863 108.61 25.9048V10.5192H105.07V6.83257H108.61V0H112.985V6.83257H117.995V10.5192H112.985Z"></path></svg></a></div><div class="flex"><div class="flex items-baseline pb-4 flex grow"><div class="relative" data-headlessui-state=""><nav class="flex"><button type="button" class="w-[1px] cursor-pointer opacity-0" tabindex="-1" aria-hidden="true"></button><div class="relative dark:text-white" data-headlessui-state=""><a href="https://www.artnet.com/artists" class="js_NavLink items-center pr-7 text-base hover:text-[#737373] dark:hover:text-neutral-400 focus:text-[#737373]" data-testid="artists">Artists</a><div hidden="" style="display:none"><div class="absolute top-full z-[1500] mt-4 -ml-4 border-[1px] border-neutral-200 bg-white shadow-lg dark:bg-black" id="headlessui-popover-panel-undefined" tabindex="-1" data-headlessui-state=""><ul class="relative flex w-fit flex-col"></ul></div></div></div><div class="relative dark:text-white" data-headlessui-state=""><button type="button" class="items-center pr-7 text-base hover:text-[#737373] dark:hover:text-neutral-400 focus:text-[#737373]">Auctions<svg xmlns="http://www.w3.org/2000/svg" class="inline h-6" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" d="m6 10 6 6 6-6"></path></svg></button><div hidden="" style="display:none"><div class="absolute top-full z-[1500] mt-4 -ml-4 border-[1px] border-neutral-200 bg-white shadow-lg dark:bg-black" id="headlessui-popover-panel-undefined" tabindex="-1" data-headlessui-state=""><ul class="relative flex w-fit flex-col"><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/auctions/" class="js_NavLink dark:text-white" data-testid="artnet-auctions">Artnet Auctions</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/auction-houses" class="js_NavLink dark:text-white" data-testid="global-auctions">Global Auction Houses</a></li></ul></div></div></div><div class="relative dark:text-white" data-headlessui-state=""><a href="https://www.artnet.com/galleries/" class="js_NavLink items-center pr-7 text-base hover:text-[#737373] dark:hover:text-neutral-400 focus:text-[#737373]" data-testid="galleries">Galleries</a><div hidden="" style="display:none"><div class="absolute top-full z-[1500] mt-4 -ml-4 border-[1px] border-neutral-200 bg-white shadow-lg dark:bg-black" id="headlessui-popover-panel-undefined" tabindex="-1" data-headlessui-state=""><ul class="relative flex w-fit flex-col"></ul></div></div></div><div class="relative dark:text-white" data-headlessui-state=""><a href="https://www.artnet.com/events/" class="js_NavLink items-center pr-7 text-base hover:text-[#737373] dark:hover:text-neutral-400 focus:text-[#737373]" data-testid="events">Events</a><div hidden="" style="display:none"><div class="absolute top-full z-[1500] mt-4 -ml-4 border-[1px] border-neutral-200 bg-white shadow-lg dark:bg-black" id="headlessui-popover-panel-undefined" tabindex="-1" data-headlessui-state=""><ul class="relative flex w-fit flex-col"></ul></div></div></div><div class="relative dark:text-white" data-headlessui-state=""><a href="https://news.artnet.com/" class="js_NavLink items-center pr-7 text-base hover:text-[#737373] dark:hover:text-neutral-400 focus:text-[#737373]" data-testid="news">News</a><div hidden="" style="display:none"><div class="absolute top-full z-[1500] mt-4 -ml-4 border-[1px] border-neutral-200 bg-white shadow-lg dark:bg-black" id="headlessui-popover-panel-undefined" tabindex="-1" data-headlessui-state=""><ul class="relative flex w-fit flex-col"></ul></div></div></div><div class="relative dark:text-white" data-headlessui-state=""><button type="button" class="items-center pr-7 text-base hover:text-[#737373] dark:hover:text-neutral-400 focus:text-[#737373]">Price Database<svg xmlns="http://www.w3.org/2000/svg" class="inline h-6" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" d="m6 10 6 6 6-6"></path></svg></button><div hidden="" style="display:none"><div class="absolute top-full z-[1500] mt-4 -ml-4 border-[1px] border-neutral-200 bg-white shadow-lg dark:bg-black" id="headlessui-popover-panel-undefined" tabindex="-1" data-headlessui-state=""><ul class="relative flex w-fit flex-col"><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/price-database" class="js_NavLink dark:text-white" data-testid="price-database">Use the Artnet Price Database</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/market-alerts" class="js_NavLink dark:text-white" data-testid="market-alerts">Market Alerts</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/analytics-reports" class="js_NavLink dark:text-white" data-testid="analytics">Artnet Analytics</a></li></ul></div></div></div><button type="button" 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stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" d="m6 10 6 6 6-6"></path></svg></button><div hidden="" style="display:none"><div class="absolute top-full z-[1500] mt-4 -ml-4 border-[1px] border-neutral-200 bg-white shadow-lg dark:bg-black" id="headlessui-popover-panel-undefined" tabindex="-1" data-headlessui-state=""><ul class="relative flex w-fit flex-col"><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/artists/" class="js_NavLink dark:text-white" data-testid="browse-artists">Browse Artists</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/auctions/" class="js_NavLink dark:text-white" data-testid="artnet-auctions">Artnet Auctions</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/galleries/" class="js_NavLink dark:text-white" data-testid="galleries">Browse Galleries</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/auction-houses/" class="js_NavLink dark:text-white" data-testid="global-auctions">Global Auction Houses</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/events/" class="js_NavLink dark:text-white" data-testid="events">Events & Exhibitions</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/auctions/meet-the-specialists/" class="js_NavLink dark:text-white" data-testid="expert">Speak With a Specialist</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com#" class="js_NavLink dark:text-white" data-testid="financing">Art Financing</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/auctions/how-to-buy" class="js_NavLink dark:text-white" data-testid="how-to-buy">How to Buy</a></li></ul></div></div></div><div class="relative dark:text-white font-bold pr-10 before:absolute before:right-[1.4rem] before:top-[0.38rem] before:h-3 before:w-[1px] before:bg-neutral-200" data-headlessui-state=""><button type="button" class="items-center text-base hover:text-[#737373] dark:hover:text-neutral-400 focus:text-[#737373] font-bold pr-10 before:absolute before:right-[1.4rem] before:top-[0.38rem] before:h-3 before:w-[1px] before:bg-neutral-200">Sell<svg xmlns="http://www.w3.org/2000/svg" class="inline h-6" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" d="m6 10 6 6 6-6"></path></svg></button><div hidden="" style="display:none"><div class="absolute top-full z-[1500] mt-4 -ml-4 border-[1px] border-neutral-200 bg-white shadow-lg dark:bg-black" id="headlessui-popover-panel-undefined" tabindex="-1" data-headlessui-state=""><ul class="relative flex w-fit flex-col"><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/auctions/sell/" class="js_NavLink dark:text-white" data-testid="sell-with-us">Sell With Us</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/gallery-network/" class="js_NavLink dark:text-white" data-testid="gallery-partner">Become a Gallery Partner</a></li><li class="light:hover:bg-neutral-100 mx-3 block w-fit whitespace-nowrap py-2 text-[.9375rem] font-normal"><a href="https://www.artnet.com/auction-house-partnerships/" class="js_NavLink dark:text-white" 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Kids’ Future on the Blockchain" data-analytics='{"pageType":"Article Detail","pageCategory":"Innovators List","tags":[],"author":["Zachary Small"],"date":"12\/22","artistId":[],"galleryId":[],"auctionHouseId":[],"clientId":"CLIENT_ID(AMP_ECID_GOOGLE,,_ga)","registrationType":"Not Signed Up"}' data-ad-targeting='[{"name":"environment","value":"production"},{"name":"page","value":"Article"},{"name":"section","value":"innovators-list"},{"name":"day","value":"25"},{"name":"author","value":"Zachary Small"},{"name":"article-id","value":"ID2221756"},{"name":"article-title","value":"The Innovators: Art Blocks CEO Erick Calderon on Crypto Speculation the Bear Market and Building His Kids Future on the Blockchain"},{"name":"format","value":"standard"},{"name":"tags","value":["Free Article"]},{"name":"artist","value":[]},{"name":"gallery","value":[]},{"name":"auction-house","value":[]},{"name":"article-template","value":[]}]'> <div class="widget-area" data-num-slides=> <ul 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class="article-category h5"> <a href="https://news.artnet.com/market/special-reports/innovators-list">Innovators List</a> </h5> <h1 class="article-title h1">The Innovators: Art Blocks CEO Erick Calderon on Crypto Speculation, the Bear Market, and Building His Kids’ Future on the Blockchain</h1> <p class="article-blurb">"Founders who make even small mistakes can lose everything," Calderon says.</p> </div> <figure class="article-image"> <div class="featured-img-main"> <img fetchpriority="high" srcset=" https://news.artnet.com/app/news-upload/2022/12/ErickCalderon-WR.jpg 220w, https://news.artnet.com/app/news-upload/2022/12/ErickCalderon-WR-256x256.jpg 256w, https://news.artnet.com/app/news-upload/2022/12/ErickCalderon-WR.jpg 380w, https://news.artnet.com/app/news-upload/2022/12/ErickCalderon-WR.jpg 608w, https://news.artnet.com/app/news-upload/2022/12/ErickCalderon-WR-750x550.jpg 750w, https://news.artnet.com/app/news-upload/2022/12/ErickCalderon-WR-1024x1024.jpg 1024w " sizes="(max-width: 220px) 100vw, (max-width: 256px) 100vw, (max-width: 380px) 100vw, (max-width: 608px) 100vw, (max-width: 750px) 100vw, (max-width: 1024px) 100vw, 1024px" src="https://news.artnet.com/app/news-upload/2022/12/ErickCalderon-WR-1024x1024.jpg" width="1024" height="1024" alt="Erick Calderon, founder and CEO of Art Blocks. Photo: courtesy of Erick Calderon." title="Erick Calderon, founder and CEO of Art Blocks. Photo: courtesy of Erick Calderon." /> </div> <figcaption>Erick Calderon, founder and CEO of Art Blocks. Photo: courtesy of Erick Calderon. </figcaption> </figure> </div> </div> <div class="flex-columns row"> <div class="article-content col-md-9"> <div class="flex-columns row"> <div class="col-md-12 col-md-push-2 push-unset"> <div class="container-adjust"> <div class="shares-content-width"> <p class="article-byline"> <a href="https://news.artnet.com/about/zachary-small-1314">Zachary Small</a> <span class="dots"></span> <time datetime="2022-12-19T01:30:24-05:00" title="Dec 18, 2022 8:30 PM">December 18, 2022</time> <span class="dots"></span> <span class="a2a_dd share-header" role="button"> <a class="a2a_dd addtoany_share_save addtoany_share" href="https://www.addtoany.com/share" data-a2a-url="https://news.artnet.com/market/innovators-interview-erick-calderon-2221756" data-a2a-title="The Innovators: Art Blocks CEO Erick Calderon on Crypto Speculation, the Bear Market, and Building His Kids’ Future on the Blockchain"><img src="/app/themes/artnet-news/assets/img/share.svg" alt="Share"></a> <span class="hidden-sm hidden-md hidden-lg">Share</span><span class="hidden-xs">Share This Article</span> </span> </p> </div> <div class="article-body article-tmpl-b article-content-b" data-post-id="2221756"> <p><em>The Innovators is a five-part series of interviews with change-making art-world figures featured in the <a href="https://www.artnet.com/spotlight/innovators-list/2022/" target="_blank" rel="noopener">2022 Artnet Innovators List</a>. </em></p><div class="embedded-ad"><div id="embed-full-1-2221756-0-hidden-xyz" data-slot="embed-full-1" class="artnet-ad"></div></div> <p>Earlier this year, an article in the <em>New Yorker</em> drove Erick Calderon toward despair. The story chronicled a tense standoff in his own backyard in Marfa, Texas, where skeptical local artists questioned why the NFT impresario was invading their cultural refuge with talk of blockchains, cryptocurrencies, and Chromie Squiggles—Calderon’s wildly successful generative art creations. The founder and CEO of the Art Blocks platform had mentally prepared for a glowing profile in the magazine; instead, he was portrayed as bearish and bumbling. “I felt rugged,” Calderon told Artnet News, adding that some people started viewing him as “some arrogant tech person.”</p><div class=""><div class="condensed-newsletter-signup"> <div class="trigger-wrapper"> <h3>The best of Artnet News in your inbox.</h3> <p><a class="condensed-newsletter-trigger" href="#">Sign up for our daily newsletter.</a></p> </div> <ul class="form-container list-unstyled hidden"> <li class="theme-newsletter-signup"> <div class="theme-newsletter-signup widget"> <form class="newsletter-signup-form" action="https://www.artnet.com/api/subscriptions" method="POST"> <div class="newsletter-form-content"> <h2 class="widgettitle"> The best of Artnet News in your inbox. </h2> <div class="widgethint"> Sign up for our daily newsletter. </div> <input type="hidden" name="Source" class="source" value="artnetnews"> <div class="form-group text"> <input type="text" name="Email" class="signup-email form-control" placeholder="Enter your email"> <div class="form-group buttons"> <input type="submit" class="btn btn-primary btn-xs btn-block text-center" value="Subscribe"> </div> </div> <div class="errors"> <div class="invalid-email">Please enter a valid email address</div> <div class="signup-failed">Signup failed. Please try again later.</div> </div> </div> <div class="newsletter-signup-thank-you"> <header>Thank you!</header> <main>You have successfully subscribed to Artnet News.</main> </div> </form> </div> </li> </ul> </div> </div> <p>Scrutiny comes with the job when your company has conducted more than $1.2 billion in transactions over the past two years, largely thanks to a gold rush conflating digital art with speculative finance. And within the traditional art world, Calderon needed to prove that his intentions were pure. So the artist-entrepreneur kept his head down, devoted the majority of the secondary market royalties he earned from the Chromie Squiggles to charities (including art institutions like the Contemporary Arts Museum Houston and the Chinati Foundation in Marfa), and listened to mentors who gave him a crash course in art history.</p> <p>Calderon made his fortune by selling CryptoPunks, which he started collecting shortly after their release in 2017. His reputation was further bolstered last year when surging interest in generative art made Art Blocks into a kingmaker. Many of the top-selling NFT artists have sold works through the platform, including Tyler Hobbs and Dmitri Cherniak.</p><div class="embedded-ad"><div id="embed-full-2-2221756-3-hidden-xyz" data-slot="embed-full-2" class="artnet-ad"></div></div> <p>Artnet News recently selected Calderon as one of its <a href="https://news.artnet.com/art-world/introducing-the-2022-artnet-innovators-list-2215327" target="_blank" rel="noopener">2022 Innovators, a list of 35 professionals pushing the art industry forward</a>. He was also included in last year’s <a href="https://news.artnet.com/market/introducing-the-artnet-nft-30-report-2047609" target="_blank" rel="noopener">Artnet NFT 30 Report</a>. The following conversation with Calderon, conducted by Artnet News contributor Zachary Small, is an expansion of his entry on the Innovators List and a detailed look at how a former importer of ceramic tiles became one of the most talked-about entrepreneurs in the art world. He spoke with us about the origins of Art Blocks, how the company is navigating the crypto winter, and what challenges lie ahead. The interview has been edited for clarity.</p> <div id="attachment_2221891" style="width: 1034px" class="wp-caption aligncenter"><img aria-describedby="caption-attachment-2221891" loading="lazy" class="size-large wp-image-2221891" src="https://news.artnet.com/app/news-upload/2022/12/d42fb243e61d7d7d1fac638f690ff624-1024x683.jpeg" alt='Installation view of "Snowfro: Chromie Squiggles," at Venus Over Manhattan, New York, 2022.' width="1024" height="683" srcset="https://news.artnet.com/app/news-upload/2022/12/d42fb243e61d7d7d1fac638f690ff624-1024x683.jpeg 1024w, https://news.artnet.com/app/news-upload/2022/12/d42fb243e61d7d7d1fac638f690ff624-300x200.jpeg 300w, https://news.artnet.com/app/news-upload/2022/12/d42fb243e61d7d7d1fac638f690ff624-50x33.jpeg 50w, https://news.artnet.com/app/news-upload/2022/12/d42fb243e61d7d7d1fac638f690ff624.jpeg 1295w" sizes="(max-width: 1024px) 100vw, 1024px"><p id="caption-attachment-2221891" class="wp-caption-text">Installation view of “Snowfro: Chromie Squiggles,” at Venus Over Manhattan, New York, 2022.</p></div> <p><strong>The Art Blocks that we know today is not the same as the one that was registered as an LLC in 2018. Can you explain how the company first started and why that original model never really took hold?</strong></p> <p>My original idea was to host artworks on their own individual smart contracts. The smart contract would be connected to a hash on the Ethereum blockchain that triggered a visual output. It was kind of like a slideshow that would produce visuals forever. Customers would purchase a token for about 0.001 ETH, which would allow their visual to be displayed for one minute. The more Ether a customer spent, the longer their image would be displayed. We thought of it as a tipping system for digital art, something akin to the buckets in front of street performers in the park where you pay five dollars, and they start moving around like living statues.</p><div class="embedded-ad"><div id="embed-full-3-2221756-7-hidden-xyz" data-slot="embed-full-3" class="artnet-ad"></div></div> <p><strong>That is a confusing model for a business. Was it hard to find customers willing to pay crypto for a limited image of their artworks?</strong></p> <p>More importantly, it was impossible for artists to understand. But there is still value in this idea, and I do see a world where we can reintegrate the concept into Art Blocks. We currently don’t have a tipping mechanism, but it would be nice for digital artists and their customers to have the opportunity to connect that way.</p> <p><strong>So a tipping mechanism might be coming in the distant future, but what’s coming in the near future? How are you building Art Blocks in a bear market where transactions across the NFT market have fallen by as much as 99 percent?</strong></p><div class="embedded-ad"><div id="embed-full-4-2221756-10-hidden-xyz" data-slot="embed-full-4" class="artnet-ad"></div></div> <p>Our collaboration with Pace Verso is an example of how we are trying to bring the worlds of digital art and traditional art together. We don’t sign exclusive contracts with our artists, because we want them to explore both systems and find success. With Pace, we plan on doing about four releases a year to bring wonderful artists from their catalog onto our platform where they can use the distribution model to reach new audiences.</p> <p>I don’t know if traditional collectors are buying on Art Blocks, but we hope that happens. The fact that I could buy a Tara Donovan digital artwork for about $500 when her physical work is going for $75,000 is pretty crazy. Maybe a collector won’t value these two objects the same way, but they are still part of the same artist’s career. On the flipside, artists like Tara Donovan and John Gerrard increased their audiences significantly by doing an Art Blocks drop and finding new digital art collectors from the crypto world.</p> <div id="attachment_2221799" style="width: 1023px" class="wp-caption aligncenter"><img aria-describedby="caption-attachment-2221799" loading="lazy" class="size-large wp-image-2221799" src="https://news.artnet.com/app/news-upload/2022/12/pace-artblocks-taradonovan-char-left-parenthesis-2550-1013x1024.png" alt="Tara Donovan, QWERTY (2022). Image: © Pace Verso" width="1013" height="1024" srcset="https://news.artnet.com/app/news-upload/2022/12/pace-artblocks-taradonovan-char-left-parenthesis-2550-1013x1024.png 1013w, https://news.artnet.com/app/news-upload/2022/12/pace-artblocks-taradonovan-char-left-parenthesis-2550-297x300.png 297w, https://news.artnet.com/app/news-upload/2022/12/pace-artblocks-taradonovan-char-left-parenthesis-2550-1519x1536.png 1519w, https://news.artnet.com/app/news-upload/2022/12/pace-artblocks-taradonovan-char-left-parenthesis-2550-2026x2048.png 2026w, https://news.artnet.com/app/news-upload/2022/12/pace-artblocks-taradonovan-char-left-parenthesis-2550-50x50.png 50w, https://news.artnet.com/app/news-upload/2022/12/pace-artblocks-taradonovan-char-left-parenthesis-2550-1899x1920.png 1899w, https://news.artnet.com/app/news-upload/2022/12/pace-artblocks-taradonovan-char-left-parenthesis-2550-96x96.png 96w" sizes="(max-width: 1013px) 100vw, 1013px"><p id="caption-attachment-2221799" class="wp-caption-text">Tara Donovan, <i>QWERTY</i> (2022). Image: © Pace Verso</p></div> <p><strong>Art Blocks gained a reputation early into the NFT market bubble for producing blue-chip artists like Tyler Hobbs and Dmitri Cherniak who are still commanding high prices in the crypto winter. But they aren’t always coming back to your platform. In October, Hobbs even worked with a competing marketplace, Archipelago, releasing a new NFT series that sold out for $17 million. Are you concerned about the top generative artists migrating to other platforms?</strong></p><div class="embedded-ad"><div id="embed-full-5-2221756-14-hidden-xyz" data-slot="embed-full-5" class="artnet-ad"></div></div> <p>Someone once asked if I would prefer to represent the best generative artists in the world or be a platform where future artists launch their first projects. Art Blocks started as a tool to let generative artists distribute their art—it has already cemented itself within that history. Would we love to retain all the major artists that have come through our platform? Yes. But the concept of decentralization in the crypto world is about getting rid of middlemen. We need to stop being so possessive over other humans.</p> <p>Listen, I would love Tyler Hobbs to come back and release more work, but not because we have a contract making him. We don’t make artists sign exclusivity contracts. But I would say that someone like Hobbs coming back and releasing an Art Blocks project would also support the ecosystem here, and the other artists interested in generative projects.</p> <p><strong>When we spoke this summer at the start of the crypto bear market, you mentioned that Art Blocks had been incredibly conservative with its profits. Even during the bull market, you were having conversations about how long the company might last if you never sold another NFT. So the company might be stable, but many collectors are getting desperate. On Twitter, there’s a debate among crypto investors about whether NFT marketplaces should abolish secondary market royalties for artists and platforms.</strong></p><div class="embedded-ad"><div id="embed-full-6-2221756-17-hidden-xyz" data-slot="embed-full-6" class="artnet-ad"></div></div> <p>This drives me crazy! I could talk about these complaints for hours, because we are a royalty-based platform and I am personally a recipient of royalties as the creator of Chromie Squiggles. The whole reason that NFTs gained traction in the art world and beyond was because creators were getting the opportunity to participate in their own success. Preventing that relationship from growing would be antithetical to the ecosystem we have created.</p> <p>Secondary market royalties are the cultural norm. Even when Chromie Squiggles are sold between collectors off-chain, where the smart contracts cannot automatically execute the royalties protocol, traders will contact me directly. I have had a buyer ask to send me the royalties directly because an NFT seller refused to pay the fee through the blockchain.</p> <p>But when you start programming [royalty] restrictions into the smart contract, you might also encourage people to trade off-chain instead of using the trustless systems of the blockchain that are made to protect people from getting screwed over. I believe that a person who wants to sell an NFT without paying for royalties will find a way. Our problem is making those people feel defiant about the marketplace and looking for less secure ways of conducting business that can get them hacked or manipulated. So it’s a difficult problem to solve within the code. We should be rewarding people who participate in the cultural norm of secondary market royalties, but we should not play God through the smart contracts, saying which collectors are “good” and “bad.”</p><div class="embedded-ad"><div id="embed-full-7-2221756-20-hidden-xyz" data-slot="embed-full-7" class="artnet-ad"></div></div> <div id="attachment_2221892" style="width: 1034px" class="wp-caption aligncenter"><img aria-describedby="caption-attachment-2221892" loading="lazy" class="size-large wp-image-2221892" src="https://news.artnet.com/app/news-upload/2022/12/6d151c7a478e65dea12e9bb1b8366069-1024x683.jpeg" alt='Installation view of "Snowfro: Chromie Squiggles," at Venus Over Manhattan, New York, 2022.' width="1024" height="683" srcset="https://news.artnet.com/app/news-upload/2022/12/6d151c7a478e65dea12e9bb1b8366069-1024x683.jpeg 1024w, https://news.artnet.com/app/news-upload/2022/12/6d151c7a478e65dea12e9bb1b8366069-300x200.jpeg 300w, https://news.artnet.com/app/news-upload/2022/12/6d151c7a478e65dea12e9bb1b8366069-50x33.jpeg 50w, https://news.artnet.com/app/news-upload/2022/12/6d151c7a478e65dea12e9bb1b8366069.jpeg 1295w" sizes="(max-width: 1024px) 100vw, 1024px"><p id="caption-attachment-2221892" class="wp-caption-text">Installation view of “Snowfro: Chromie Squiggles,” at Venus Over Manhattan, New York, 2022.</p></div> <p><strong>During the opening party for your exhibition at Venus Over Manhattan earlier this year, you mentioned that a significant portion of your Chromie Squiggles collection is secured as a trust fund for your two young sons. The market’s success will determine the value of that trust fund. Does that make you a little more invested than the average collector about what happens to NFTs? What does it mean to build your children’s future on the blockchain?</strong></p> <p>This will be my family’s legacy, and we are in a market where credibility is everything. Founders who make even small mistakes can lose everything. This is a market without clear regulations, so it’s sometimes hard to operate in a 100 percent ethical way. But when you celebrate transparency, you have nothing to hide.</p> <p>My goal is to become a person who adds more than he takes. I have had this conviction since 2017 when I started buying NFTs, and the vast majority of my net worth comes from selling CryptoPunks and Autoglyphs.</p><div class="embedded-ad"><div id="embed-full-8-2221756-24-hidden-xyz" data-slot="embed-full-8" class="artnet-ad"></div></div> <p>Last year, we were all talking about the speculation and drama. I thought it was gross because, in a weird way, I felt like an enabler for all the collectors who were taking advantage of Art Blocks. That seems to have settled now as people continue returning to our platform for the art. We are all fiercely proud of that, and now it’s time to get back into the fun possibilities that got us all interested in art and the blockchain at the start.</p> </div> <div class="pl-sett-padding"> </div> </div> </div> </div> <div class="pl-sett-padding"> <div class="authors-list authors-list-setting authors-single row"> <div class="auther-box"> <div class="col-md-12 col-sm-12"> <div class="author-info"> <a href='https://news.artnet.com/about/zachary-small-1314' class="author-image"> <img class="img-circle" src="https://news.artnet.com/app/news-upload/2024/09/artnet-a-black.png" /> </a> <div class="author-meta"> <a href='https://news.artnet.com/about/zachary-small-1314' class="author-text"> <h4 class="author-name h4">Zachary Small</h4> </a> <ul class="author-links list-icons list-inline"> </ul> </div> </div> </div> </div> </div> <div class="condensed-newsletter-signup expanded-on-desktop"> <div class="trigger-wrapper visible-xs visible-sm"> <h3>The best of Artnet News in your inbox.</h3> <p><a class="condensed-newsletter-trigger" href="#">Sign up for our daily newsletter.</a></p> </div> <ul class="form-container list-unstyled hidden-xs hidden-sm"> <li class="theme-newsletter-signup"> <div class="theme-newsletter-signup widget"> <form class="newsletter-signup-form" action="" method="POST"> <div class="newsletter-form-content"> <h2 class="widgettitle"> The best of Artnet News in your inbox. </h2> <div class="widgethint"> Sign up for our daily newsletter. </div> <input type="hidden" name="Source" class="source" value="" /> <div class="form-group text"> <input type="text" name="Email" class="signup-email form-control" placeholder="Enter your email" /> <div class="form-group buttons"> <input type="submit" class="btn btn-primary btn-xs btn-block text-center" value="Subscribe" /> </div> </div> <div class="errors"> <div class="invalid-email">Please enter a valid email address</div> <div class="signup-failed">Signup failed. 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The Innovators: Art Blocks CEO Erick Calderon on Crypto Speculation, the Bear Market, and Building His Kids’ Future on the Blockchain