4 ms·
Think of the NFT not so much as the art itself but as the artist's signature on the art. Much as a widely reproduced celebrity photograph can go from essential
by TigeriusKirk 6y ago
Think of the NFT not so much as the art itself but as the artist's signature on the art.
Much as a widely reproduced celebrity photograph can go from essentially valueless to thousands of dollars with the right signature, so too can digital art with the right digital signature.
- bambax 6y agoYeah ok, but what prevents the artist from signing the same piece again and selling this other signature? A "limited edition" of something easily reproducible can have value (like a photograph) but I don't see on Foundation where the number of signatures for a given piece is advertised. It seems Foundation only sells signatures / NFTs that are indeed verifiably attached to an artist, but the link from the signature to the piece of art isn't guaranteed.
- gruez 6y ago>Yeah ok, but what prevents the artist from signing the same piece again and selling this other signature? Nothing, yet signed photographs/books/collectibles still fetch a healthy premium compared to their non-signed counterparts.
- bambax 6y agoIn the physical world there are visible numbers, like "2/15" for instance. And experts that try to make sure each number is in fact unique. I don't see that here, although it would presumably be easier to implement / verify. But maybe it exists and I simply didn't find the info.
- gruez 6y agoHow is this any different than encoding "2/15" in the NFT? Furthermore, even in the physical world, what's preventing someone from making two "2/15" signatures? At least with blockchain/NFT you can be sure only one "2/15" exists.