We are still early in explaining to the world what #NFTs really mean. @SatoshiLite is conflating original creation with copy-paste, in the art world you can also print many copies of an original eg. litographic prints with almost zero cost as well.
https://twitter.com/SatoshiLite/status/1361188424804311040
Picasso can only create so many originals in his lifetime but his works have been reprinted millions of times. Nobody will argue that a print is worth the same or more than the original art but to preserve value he can set limits to his own production. christies.com/features/Picas…
Feel free to create many millions of copies of your Chikun, it may not be very valuable but very likely your very first one will be more valuable than any other copy thereafter. @MetaKovan who bought the first @F1DeltaTime car is a prime example of this. cointelegraph.com/news/why-i-spe…
Just like a fungible token the more you make the less value there might be. The sum of the art could be viewed the same way, you make many official copies each unit may be less valuable at start but as a whole may have total value like a marketcap. bit.ly/3ajSGul
Artists weigh that decision and build a reputation which contributes to their perception of value. This is true for *any* projects be it fungible or non-fungible. What NFT's inform us is of the original creation and embed the art and that contract. bit.ly/3qz7HOA
Autographs become valuable because of years of building a reputation you are not just buying ink on paper but original provenance. #NFT's are the same their value is determined by who/how it was created and what they have achieved. wonderopolis.org/wonder/how-muc…
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