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Ha! This is an excellent take. Maybe minus the "limited edition" part, since whoever minted the NFT can just mint the same one again. Even if they claimed they
by tom_mellior 5y ago
Ha! This is an excellent take. Maybe minus the "limited edition" part, since whoever minted the NFT can just mint the same one again. Even if they claimed they wouldn't.
- oneeyedpigeon 5y agoAnd minus the "merch" bit since you don't actually get anything tangible.
- ThrustVectoring 5y agoIt's still limited edition in that there's only one first minting of an NFT, and with the blockchain you can tell whose is which.
- axiosgunnar 5y agoAnybody producing real world „limited edition“ merch could in theory produce it again, so this is no different here. I guess it‘s some form of „trust“ between the issuer and the buyer. Or the 2nd NFT wouldn‘t be as memey anymore and thus not worth as much. (It would probably be worth more the first time in reality, since issuing an NFT twice is not „supposed to happen“, so there would be some novelty to it, and I guess novelty is part of what drives the prices. See also Banksy‘s image that actually increased in value after it got publicly shredded by a built-in mechanism after being auctioned off.)