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> is precisely zero to indicate that such an NFT would increase in value with an artist's popularity. That's definitely how art works in the real world, I don'
by ReadEvalPost 6y ago
> is precisely zero to indicate that such an NFT would increase in value with an artist's popularity.
That's definitely how art works in the real world, I don't know why it would change here.
> Also, precisely zero of that value increase would go to "support the artist" - all of the profit would go to the original speculator.
Hold up, this is exactly why NFTs are interesting. They're contracts. When minting ones, you can specify that you get N% of the purchase price when its sold again.
- deleted 6y ago[deleted]
- jakelazaroff 6y ago> That's definitely how art works in the real world, I don't know why it would change here. There’s no scarcity. In the physical world, any copies are simply approximations. In the digital world, they’re exactly identical.