NFTs
Out of context: Reply #10
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- Daithi2
I've been trying to get my head around this too. Nice post here that starts to explain it for me:
https://variant.mirror.xyz/T8kdt…
As I start to understand it, an unbreakable link to the truth of ownership aligns with the idea that a digital file becomes more valuable as its viewership increases. So the opposite of traditional value (especially in art) which lives in the idea of scarcity or uniqueness. Am I getting it?
My initial impression had been that it felt like another digital plaything, a token for speculation for those with more money than sense (or taste). This wasn't disabused by reading Coinbase's take on the matter, which ends with a bit on how speculation is "a critical function of a healthy economic system". Or the (putting it kindly) mixed quality of the art being exchanged via NFT.
https://blog.coinbase.com/the-pl…
Interesting stuff all the same.