3 ms·
I very much dislike your analogy. The NFTs that you hear about that are being sold for high amounts are created by people that already have reputations. Unlike
by qqii 6y ago
I very much dislike your analogy.
The NFTs that you hear about that are being sold for high amounts are created by people that already have reputations. Unlike stars or plots on the moon every NFT has an artist that created it.
Artists and buyers share an implicit (by contact through the platform, in their promotion, etc) agreement.
- joshspankit 6y agoThere’s an important distinction (that I think the NFT market has pretty much solved): The OP’s point can be said about pieces where the minter does not have the rights to sell the NFT. We have seen some examples of this in the NFT space (as we have with physical art/property/items). However: in cases where the minter has the provenance, the analogy falls flat, and instead we can talk about NFTs as an upgrade to the art of previous generations.