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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whats valuable is how much you can borrow against it non-recourse
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I mean “valuable” is probably the wrong word, what I mean is “what are people willing to pay for”.
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Which isn’t something you can uncouple from said art, because that hash is always inherently unique to that price of art. They have value together, not separated out.
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*walter benjamin has entered the chat*
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