Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi...
by lottin on Tuesday March 16, 2021 @09:34AM
(#26476466)
A digital equivalent of a print is an image file. The NFT has no real-world equivalent. Purportedly it "represents" the artwork, somehow, but in reality it's just a digital token with no connection whatsoever with the artwork.
If Beeple creates another NFT referring to the same work, then he is simply creating a second edition, in the same way that an artist can create a run of prints limited to 10, and later decide to create 10 further prints.
If someone else creates an NFT claiming to represent Beeples work, then this is like me selling my own unauthorized Robert Rauschenberg print, which I might find difficult to find a buyer for, though with enough talent, maybe not impossible.
In any case, the NFT is merely a digital equivalent of a print.