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This is exactly what I don't understand. If it's the same art, why does it matter if the art is in an NFT or in a physical representation? Like, why are people
by dimgl 6y ago
This is exactly what I don't understand. If it's the same art, why does it matter if the art is in an NFT or in a physical representation? Like, why are people buying pieces of art using NFTs?
- detaro 6y agoDigital art doesn't have a natural physical representation, and people find it interesting to get rid of the requirement for creating and maintaining one just to make it a thing to exist as art. I.e. fundamentally digital art pieces are today often sold as part of installations which are a pain to maintain long-term. Or as physical media, which also are difficult to maintain long-term, or if you don't require the specific media to be preserved you get into the chaos of which later copy is an "original". That really only works at an expensive high end. Or you don't create exclusivity and sell it cheaply, but while people do buy e.g. music that apparently doesn't work as well for other art forms (artists certainly have tried). Limited/unique prints apparently do work (as in people are willing to spend money on those), but limits you to static 2D media. In principle nothing stops you from selling digital art with licenses like we do sell software with licenses, but that hasn't caught on, for whatever reason. (I'm actually expecting that to be added to NFTs soon-ish) Enough people do seem to be currently willing to accept the concept of an NFT representing ownership of a digital thing to put a price on it, and that price is noticeably higher than what they pay for non-exclusive digital art. For many artists, that's reason enough to use this new avenue to sell their art.