NFT’s are basically a form of fashion. Looking at them through the lens of “ownership” as in property rights will get you nowhere. Buying an expensive NFT is somewhere in between wearing a designer dress and signing your name in the guestbook at a bougie party. Sure, someone could copy the dress and your signature doesn’t retain your experience indefinitely, but being seen doing it is the point.
Also, money laundering art collectors and pump-and-dump hype
So it just a thing for rich people to show off to other rich people? A jpeg lion seems a stupid way to do that. I mean I guess it makes sense when you made all your money off crypto.
money laundering makes sense. Thanks for explaining thou
Yeah that’s my best understanding. People try to look for explanations in the technical aspects rather than the social and that’s why they’re so confusing. It’s just a subset of collector communities. And I think are artists who legitimately make neat procedural art who have minted some NFTs, but it’s much more common for crypto nerds to dabble in art than the other way around in this field
NFT’s are basically a form of fashion. Looking at them through the lens of “ownership” as in property rights will get you nowhere. Buying an expensive NFT is somewhere in between wearing a designer dress and signing your name in the guestbook at a bougie party. Sure, someone could copy the dress and your signature doesn’t retain your experience indefinitely, but being seen doing it is the point.
Also, money laundering art collectors and pump-and-dump hype
So it just a thing for rich people to show off to other rich people? A jpeg lion seems a stupid way to do that. I mean I guess it makes sense when you made all your money off crypto.
money laundering makes sense. Thanks for explaining thou
Yeah that’s my best understanding. People try to look for explanations in the technical aspects rather than the social and that’s why they’re so confusing. It’s just a subset of collector communities. And I think are artists who legitimately make neat procedural art who have minted some NFTs, but it’s much more common for crypto nerds to dabble in art than the other way around in this field