Digital-only artwork fetches nearly $70M at Christie's

Re:Digital-only artwork fetches nearly $70M at Christie's by delecti on Thursday March 11, 2021 @11:13AM (#26425584)

There are real benefits to owning shares in a company. It's not as tangible as owning a more conventional object (like a book or pen), but there's actually a meaningful difference between owning and not owning those shares (like dividends or voting rights).

There are only the faintest wisps of connection between the NFT and the art. It's like an autograph on the cover of a book, but without the book inside the cover. And it's not even that tangible, because the autograph is digital, and there are no limitations on infinitely and perfectly reproducing the book.

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Re:Digital-only artwork fetches nearly $70M at Christie's by onion2k on Thursday March 11, 2021 @11:34AM (#26425859)

It's not as tangible as owning a more conventional object (like a book or pen), but there's actually a meaningful difference between owning and not owning those shares (like dividends or voting rights).

That's the benefit of owning shares, it doesn't mean you own part of the company in any meaningful way. The relationship is the same as owning an NFT instead of owning the art itself. Shares can be useful of themselves just as owning an NFT can come with some benefits like, say, a secret URL that only the owner can access.

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