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Isn’t this about bolstering the network around whatever crypto n/w is serving this? The idea is to bootstrap a digital artefacts market I guess and one a lot of
by rusk 6y ago
Isn’t this about bolstering the network around whatever crypto n/w is serving this? The idea is to bootstrap a digital artefacts market I guess and one a lot of people start trading them the value on the network overall goes up and somebody makes big bucks. These shock and awe purchases are just designed to draw people’s interest and drum up a bubble of activity. The immediate beneficiaries are lucky guys indeed, but the “investors” must be half-wits if they don’t realise that just about anyone can see these artefacts are immediately and perfectly reproducible.
- qqii 6y agoMost of the value in digital assets comes from creator reputation. This scarcity is what drives up the price. It's not a coincidence that the most expensive NFTs are linked to a celebrity, meme or established artist.
- rusk 6y agoI don’t mean the value of the asset itself but the basis upon which that value is vested.