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Of course. It's even more clear with NFTs: people aren't spending thousands of dollars on low-quality NFT sprites because they think they're sound investments o
by captainbland 5y ago
Of course. It's even more clear with NFTs: people aren't spending thousands of dollars on low-quality NFT sprites because they think they're sound investments or artworks that are that unique and enjoyable in and of themselves. It's people with serious wealth, people who have benefited from scarcity in other domains, trying to promote a system of artificial scarcity in the digital art world. Artificial scarcity that they will later profit off of. This is why they attach huge prizes to what is really worthless crap in order to generate hype and adoption.