Re:NFTs means the future value of art is zero
by beardyw on Thursday January 20, 2022 @10:00AM
(#30009693)
The title should read "digital arts" because this has no impact on physical art (does it?)
That an NFT should confer the right to hear or watch something seems reasonable. But ...
For audio, my Spotify subscription lets me listen to whatever I like. I no longer have the agony of what I should buy. Why would I go back to that?
For video, companies currently hold our "bought" right to watch. Why would they let go of that right into an open marketplace? Sounds like an uphill struggle.
I think NFTs will eventually find a problem to solve, but not convinced this is it.
That an NFT should confer the right to hear or watch something seems reasonable. But ...
For audio, my Spotify subscription lets me listen to whatever I like. I no longer have the agony of what I should buy. Why would I go back to that?
For video, companies currently hold our "bought" right to watch. Why would they let go of that right into an open marketplace? Sounds like an uphill struggle.
I think NFTs will eventually find a problem to solve, but not convinced this is it.