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The value of an original Picasso depends on people actually giving a shit about verifying it. Most arguments against NFTs could be levied just as effectively a
by anonporridge 5y ago
The value of an original Picasso depends on people actually giving a shit about verifying it.
Most arguments against NFTs could be levied just as effectively against the premium value of original physical art.
Or do you hold the view that art as an asset in general is a scam?
- Gigachad 5y agoThere are only a very limited number of paintings that people actually care about being genuine. And mostly they have long histories. The vast vast majority of paintings are only worth their effort for someone to create again today. NFTs will almost all be entirely worthless in a years time. Almost anything sold as a collectors item becomes worthless after the first sale.
- anonporridge 5y agoYes, and the exact same will be true of NFTs. Just like physical art, the vast majority that ever gets produced is garbage that won't be preserved. It takes decades and centuries to really weed out the truly valuable gems from the chaff. That's why "investing" in NFTs (or any art for that matter) is a sucker's game or a game for rich people who have the time and resources to promote their favorite patronized artist and keep their work elevated in our collective consciousness.
- mam4 5y agoyes, and the art market is also equally known for money laundering