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Sure. They have value because people will pay. I still suspect most people think they're getting an exclusive license for a piece of artwork, and not a bit of
by ori_b 6y ago
Sure. They have value because people will pay.
I still suspect most people think they're getting an exclusive license for a piece of artwork, and not a bit of performance art.
They almost certainly believe that the goods pointed to by the token are non-fungible. Not that they have a non-fungible reference to a fungible good.
- andybak 6y agoOh I definitely agree. People are very confused about what they're buying. And many people involved have no incentive to correct that misapprehension. It's quite a shabby business in many ways. But that just makes it even more akin to the mainstream fine art market.