Showcase platform ArtStation steps back from NFT proof-of-concept after backlash

The popular digital art platform ArtStation rescinded its decision to undertake a non-fungible token (NFTs) proof-of-concept after receiving backlash from users. 

ArtStation announced the move in a post on Tuesday, stating:

“We feel that NFTs are a transformative technology that can make significant, positive change for digital artists. It’s our hope that at some point in the future we’ll be able to find a solution that is equitable and ecologically sound. It will take time for us to reflect on this and we’ll do our best to earn back your trust.”

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