Mashy wrote: ↑Fri Mar 26, 2021 7:39 am
It's just artwork tokenised on the ethereum blockchain. Would you like to own the original Mona Lisa?
Honestly, I kinda get it. Ownership is more valuable than people think, same with time. It's what people should value instead of money and status. I'm guessing a lot of people are rushing to buy because 1) they have more disposable income than hobbies & 2) possible high resell value.
Also, money laundering.
I guess I also kinda get, but I also kinda don't.
I get how it works technically, and I get that it has value in the sense that people will pay money for works with NFTs, but it's still kind of weird. I mean I get the speculative side of things, but put aside speculation and what "value" is left?
Like with the Mona Lisa it is true that the original has some intangible value even though it can be reproduced, reprinted, etc. But a lot of the intangible value comes from the fact that it was the canvass that da Vinci used, and you can see his precise brush strokes, etc. So it has "historicity", but also it's details are also impossible to completely reproduce.
In the case of these NFTs, the works can be perfectly reproduced. I dunno. Wikipedia says: "
NFTs of artworks are therefore similar to autographed items." That kinda maybe makes sense, like it creates a link to the author of the work, and arguably establishes some "historicity" I guess, but it isn't the full picture either.
I think it's great for (digital) artists though! It's an interesting form of patronage.