Here’s what I think (pls weigh in):
You can change the Mona Lisa, but ≠ market
valuing
it like the Mona Lisa.
NFTs are > the jpeg. They are a function of community+access+narrative+FOMO - & is reliant on supply/demand that doesn’t come through simple copy-paste https://t.co/5nffkcVQIi
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Replying to @kylascan
I think there’s another thing here people are totally forgetting in their rush to discount NFTs: classical art is not the only art and it is not the only art worth “ridiculous” valuations. Art Basel banana anyone?
7 replies 0 retweets 15 likes -
Replying to @Bonecondor @kylascan
TradArt can't be replicated exactly though. Even copies will have small variations which isn't true of digital. The focus on uniqueness of the art is misplaced in NFTs, the value is really the signature
3 replies 0 retweets 0 likes
Yeah “buying jpegs” is funny precisely because it’s so inaccurate. What you are buying is the hash and its provenance, plus maybe some attributes associated with the hash, not the precise configuration of pixels.
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