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A little more info from an NPR article on the sale: "That is, until about four months ago. That's when Mike found out about a new kind of blockchain technology
by themanmaran 6y ago
A little more info from an NPR article on the sale:
"That is, until about four months ago. That's when Mike found out about a new kind of blockchain technology that has been rippling through the digital economy: NFTs, or non-fungible tokens. NFTs are like certificates of ownership — unique barcodes that can't be duplicated — that can be attached to all sorts of digital files and make them into exchangeable assets. Mike's story offers a window into how NFTs are on track to dramatically reshape the art market."
(https://www.npr.org/2021/03/10/975782582/market-power-to-the-beeple https://www.npr.org/2021/03/10/975782582/market-power-to-the...)
So NFTs are the new DRM?
- koolba 6y agoNot even. They’re the new digital beanie babies.
- Kiro 6y agoNo, it has nothing to do with copyright. You own a token where the only proof that it has anything to do with the artwork is the fact that the creator said so.
- jiofih 6y agoLike.. a painter claiming that he painted what he is selling?
- PragmaticPulp 6y ago> So NFTs are the new DRM? NFTs are in a weird state right now because they generally don’t give the holder any real rights or abilities. It’s basically proof that you for and control a cryptographically signed link to something else. Like buying a link to a digital artwork, which is often available for free anyway.