Not really. NFTs give 'ownership' to things that were already online and widely shared, sometimes for decades (first tweet, nayan cat gif).
The Louvre can still NFT all the images as they please at millions for each one. If anything, it makes it easier now that people can start valuing the items before deciding to make a 'purchase' vs the museum starting auctions immediately.
I know you’re joking but lots of people still struggle with the reason why NFTs exist, including Apple’s unofficial PR department John Gruber. But it seems he finally understood it now thanks to this article: https://jackrusher.com/journal/what-does-it-mean-to-buy-a-gi...
That explains why original signed artworks are valuable, not really why NFTs are valuable
after all if I wanted to buy a Jack Dorsey signature tweet for two million dollars or a Beeple collage for 70 million I'm sure Beeple would have gladly put it on a usb stick, signed me a card, printed it billboard sized and driven it to my house while taking me out for a steak dinner
It's absolutely nebulous what the 'digital' part adds.
> The most expensive autograph ever sold as of the writing of this essay is John Lennon’s signature on a copy of Double Fantasy that he signed the day he died. It fetched $900,000 at auction in 2010.
People imho buy the "uniqueness" of an item. This is why a poster of "the Kiss" by Klimt costs $10 and the original costs a $gazillion. The article mentions an autograph of Lennon. Not just any autograph, but one on the day he died. That means "no more after that". Maybe one will resurface, but
A friend who is a painter was telling me that one of the reasons painters become famous after death is because they don't dilute the value of their works by creating more. Imagine they paint one bridge, and it is great! Someone buys it for $10k. Then they go ahead and paint 50 more bridges. Now they will sell for 2k. So the $10k-buyer just got screwed. And we don't know if one day thay paint 50 more bridges, or that was it (dilution ends).
Now, she could be a bit bitter because she wasn't selling as high as she would wish, but she does make a good point.
amelius|5 years ago
logicchains|5 years ago
specialist|5 years ago
The $1000 iPhone app [2008] https://kottke.org/08/08/the-1000-iphone-app
bsenftner|5 years ago
0xmohit|5 years ago
> Server error. Continue to search the Louvre collections
BurningFrog|5 years ago
coldcode|5 years ago
sn_master|5 years ago
The Louvre can still NFT all the images as they please at millions for each one. If anything, it makes it easier now that people can start valuing the items before deciding to make a 'purchase' vs the museum starting auctions immediately.
heckerhut|5 years ago
[0] https://daringfireball.net/linked/2021/03/26/rusher-nfts
Barrin92|5 years ago
after all if I wanted to buy a Jack Dorsey signature tweet for two million dollars or a Beeple collage for 70 million I'm sure Beeple would have gladly put it on a usb stick, signed me a card, printed it billboard sized and driven it to my house while taking me out for a steak dinner
It's absolutely nebulous what the 'digital' part adds.
HenryBemis|5 years ago
People imho buy the "uniqueness" of an item. This is why a poster of "the Kiss" by Klimt costs $10 and the original costs a $gazillion. The article mentions an autograph of Lennon. Not just any autograph, but one on the day he died. That means "no more after that". Maybe one will resurface, but
A friend who is a painter was telling me that one of the reasons painters become famous after death is because they don't dilute the value of their works by creating more. Imagine they paint one bridge, and it is great! Someone buys it for $10k. Then they go ahead and paint 50 more bridges. Now they will sell for 2k. So the $10k-buyer just got screwed. And we don't know if one day thay paint 50 more bridges, or that was it (dilution ends).
Now, she could be a bit bitter because she wasn't selling as high as she would wish, but she does make a good point.
coldtea|5 years ago
Huh? Isn't it obvious? They exist because some people have more money than sense.
>including Apple’s unofficial PR department John Gruber
Edgy. Do you also spell that Seattle-based OS company with a dollar sign for the S?
arkh|5 years ago
Money laundering.