Ugh. This deserves a rant:
"Without NFTs, there’s no obvious way to attribute value to digital artwork."
thestar.com/business/2021/…
"Without NFTs, there’s no obvious way to attribute value to digital artwork."
thestar.com/business/2021/…
The 'value' in art is what it contributes to society. Same goes for science. Because that's essentially a public good, there's no way to measure the 'value'. Let's just settle for this: both art and science are good.
Don't confuse 'value' (that social thing) with 'price' --- which is purely about property rights. NFTs are about a clever way to put property rights around internet art that is otherwise free.
That means rich people want them, because now the property right is exclusive ... meaning it can be an 'investment'. You make money if other rich people want what you have.
I think this is a terrible way to support art. Better, in my opinion, support the artist themselves, and then let them give away their art for free.
/end
/end
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