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>Imagine if Taylor Swift sold a limited number of mp3 NFTs of a new song of hers. Several artists have created "limited" or 1/1 NFTs, with full knowledge that
by strict9 5y ago
>Imagine if Taylor Swift sold a limited number of mp3 NFTs of a new song of hers.
Several artists have created "limited" or 1/1 NFTs, with full knowledge that whatever media contained therein could be easily digitally replicated. It's not about legality or tangible qualities, it's a pure digital ownership model.
The most recent example is David Lynch and Interpol: https://twitter.com/DAVID_LYNCH/status/1453013551241744394 https://twitter.com/DAVID_LYNCH/status/1453013551241744394
Whoever wins this auction isn't paying money for an actual object (the film), it's buying the digitally-provable representation of the film that exists in their wallet, that they got (almost) directly from David Lynch.
- jjulius 5y agoWhat's the difference between that, and offering a piece of music for purchase one time on Bandcamp? That would be a digitally-provable representation of the music in their Bandcamp profile, and they would get it almost directly from the artist. Edit: Hell, just for fun, how's that different from EBay?
- dropnerd 5y agoif bandcamp goes out of business, your proof that you bought from the artist disappears when the aws rds database turns off if you mint an nft, so long as there is some business querying the ethereum blockchain, you can prove your purchase
- brightball 5y agoEverything in that explanation only reinforces the worthlessness IMO. Caveat emptor