Re:NFT's aren't the answer to the problems of digital art
by nybble41 on Tuesday November 09, 2021 @09:22PM
(#29170374)
The art itself has value even if all the copies are equally "original", interchangeable, and superabundant.
Put another way: there may not be any change in value between one copy and two copies, but there is a big difference between one copy and zero copies.
Re:NFT's aren't the answer to the problems of digital art
by matheusmoreira on Wednesday November 10, 2021 @07:05AM
(#29173761)
Of course. At zero copies, the art does not exist. At one copy, it exists. The artist's job is to generate that initial copy. This is what all human intellectual work boils down to: discovering data, numbers whose bits are set just right.
Once that initial copy is found, any number of copies can be created and distributed at zero cost. Value is determined by supply and demand. If supply is infinite, value must be zero no matter what the demand is.
Digital art is worthless, though. It's as you said. There are no original copies, all of them are equivalent. They can be trivially and endlessly copied. Once created, the cost of creating more copies might as well be zero.
It's the artist's labor that's valuable. It's the artists themselves who are scarce.