Formalising Value Without Institutions

NFTDiagnostic Note

Diagnosticstests the theory against one real system

SSRNpublished record

4topics

Digital art markets failed not because they over-financialised art, but because formalisation without authority cannot constitute durable markets for symbolic goods.

The long-form argument for this work still lives on the existing explainer at /case-studies/diagnoses/nfts. This page carries the abstract and the corpus metadata — the frame the argument would move into unchanged.

Key termsDigital Art Markets · NFTs · Market Constitution · Institutional Authority

In the canonprobetests the theory against one real system

The paperFormalising Value Without Institutions: NFTs as a Stress Test of Art Market Architecture — read it on SSRN →

Nearby in the corpus

Also in Diagnostics

The works either side of this one in the canon order — what it builds on and what builds on it.

Compensatory ArchitectureIEDiagnostic Note→Beyond AllocationFODiagnostic Note→A Market Without a MarketAMDiagnostic Note→

Where to go next

Three directions out

Where to go once you have the argument — the paper it comes from, the instrument that measures it, or the next thing it depends on.

Measure itinstrumentsRun the measurement this argument implies against your own institution.→The library65 worksEvery work, by layer, with the argument and the paper side by side.→In the field2 liveWhere the argument has met real money and published dates.→