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Re:Digital-only artwork fetches nearly $70M at Christie's by websites2323 on Thursday March 11, 2021 @10:53AM (#26425327)
Stupid question time. Apologies in advance. Could the buyer print it out and put it on their wall?
Re:Digital-only artwork fetches nearly $70M at Christie's by PragmaticPulp on Thursday March 11, 2021 @11:03AM (#26425456)
You could, too. No NFT purchase required: https://onlineonly.christies.com/s/beeple-first-5000-days/be...

Presumably the buyer gets a higher resolution copy that isn’t available elsewhere, but that doesn’t have anything to do with the NFT.

The NFT is just proof of a transaction taking place. It doesn’t actually transfer anything other than the token, though. The actual legalities are still handled through real-world contracts.

I wouldn’t be surprised if there was some sort of clause in the sales contracts that render the NFT null and void for the purposes of the contract if it’s stolen or lost or something. The NFT is basically along for the ride.

Re:Digital-only artwork fetches nearly $70M at Christie's by websites2323 on Thursday March 11, 2021 @11:11AM (#26425556)
I guess I’m trying to figure out how rich people brag about their wealth. They can’t put this in a museum(?) and hanging it on your wall in your dining room isn’t particularly impressive either.

I suppose there’s lots of art just sitting in storage because it’s an investment medium, and this isn’t different?

Re:Digital-only artwork fetches nearly $70M at Christie's by yepthatsreality on Thursday March 11, 2021 @10:55AM (#26425347)
I imagine as long as you have the data and call `.toString()` on it, then yes.
Re:Digital-only artwork fetches nearly $70M at Christie's by shawabawa3 on Thursday March 11, 2021 @10:57AM (#26425383)
Yes. So could literally anyone else though.