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Commodity fetishism, what an example! I expect NFTs to be a trend. It's much easier to fetishize a physical commodity than a digital one. What you're paying fo
by maxbendick 6y ago
Commodity fetishism, what an example!
I expect NFTs to be a trend. It's much easier to fetishize a physical commodity than a digital one. What you're paying for is the imagined blessing imbued by the creator and access to the content (which can be leaked).
If you understand how NFTs work and appreciate the art, you might imbue the NFT with the magic blessing of its creator, and then translate the feeling over to the rendering. There's a gap here.
That magic is going to fade quickly because any rendering of the content (easily leaked, copied) is hardly related to the fact that there's only one of the NFT. Let alone if you're not constantly displaying it to remind yourself.
I could see NFTs as a value store / speculative investment, as a more honest version of the upper-crust art market. But what you're paying for is essentially feelings and leaky exclusion of the content.