I thought everyone realized by now that a digital image made available via block chain or any other mechanism, can be duplicated indefinitely. The only thing you get is a copyright on some generated image or set of bits. And what are the chances any random digital image is going to be appreciated as art? You can't hang it in a living room or sit it on a coffee table. It's beanie babies, but without even a hill of beans.
replyAre people just expecting there's going to be enough digital fools to make a market?
Isn't the same true of any intellectual property?
replyA movie can be duplicated indefinitely. There's no guarantee your song will be appreciated as art. I'm not sure why you say you can't print out an image and hang it in your living room; we do that all the time at home.
I've personally never dabbled in NFTs, but I don't think it's fair to ascribe the inherent conflict between information and scarcity uniquely to them.
You don't have to believe in it. You just have to believe someone else will believe in it and be willing to pay a higher price.
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