5 ms·
even with art, an NFT doesn't confer copyright rights, so you don't even own the art. > a way for the artist to generate artificial scarcity The art isn't sto
by platz 6y ago
even with art, an NFT doesn't confer copyright rights, so you don't even own the art.
> a way for the artist to generate artificial scarcity
The art isn't stored on-chain, so it's not scarce either.
All the NFT is is a pointer that has some text about who created it and what it points to. Not sure why why that pointer itself is valuable except as a status of "i am the only one that owns this unique pointer".
Of course there's nothing stopping anyone from creating another pointer that points to the same thing as the one you just bought and selling that.
So unless you find some value in pointers, intrinsically in themselves, NFT's are useless.
- gumby 6y agoIt’s valuable because someone felt it was. It’s the pet rock of 2021.
- platz 6y agohttps://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/83825760427488223808482593817219266099452636995972606999418214012989867032577 https://opensea.io/assets/0x495f947276749ce646f68ac8c2484200... > Link to a print-ready high-resolution image file will be unlocked on purchase (2048 x 2048 pixels). LOL
- martin_a 6y agoAs somebody working in the printing industry, I would not call that "printable", but okay... (Except you don't want your art to be printed in a reasonable size.)