3 ms·

> If I have to trust an oracle or similar why even bother with a blockchain in the first place? Well how else do you generate hype with an aura of breaking edg

• rajin444 5y ago
  I imagine a lot of artists have benefited from this over the centuries.
  • ddalex 5y ago
    Very, very interesting point. Art has a couple of sticky points that allows it to be used as storage of value: * It is impossible to copy and produce second original * It is recognizable by trained and common people alike, it is useful a symbol of status * New art inherits some of artist's prestige; say a newly discovered Picasso painting will be recognized as valuable just because it's a Picasso * It is very difficult to produce enmasse - a computer-generated drawing in the style of Picasso will not be valued as an original Picasso * Wealthy people agree it's a storage of value - when somebody needs liquidity they can be assured that somebody will buy their unique piece. Do NFTs touch all of these points? 1, yes. 2. they're trying to build the fame of NFTs now. 3. they're trying to build it now, very unlikely it will succeed. 4. Are some NFTs esthetically pleasing ? I would guess this is why it's needed to be tied to an artwork. 5. Unlikely.