NFTs are an interesting concept for sure and I don’t think anyone really knows where they are going. They could all just go to zero.

They have been quite successful for pieces of digital artwork (think JPEG). Sure they can be copied/ printed/ emailed/ displayed on your website but the blockchain knows who the “actual owners” are. So you can’t sell your “copy”. Sure you can “look” at it but you can’t sell it. It’s like having a photo of the Mona Lisa in your home. What joy would you get out of looking at it if you didn't pay anything for it? You sure can't sell it as an original. Even if you have the perfect "forgery" of a painting you can't sell it because the blockchain has a record of it and who the rightful owners are.

Edited to add. I think from an artist's perspective they are great because every time the NTF is resold you get a percentage. So unlike the “Napster” model, the artist is getting compensated for their work in perpetuity.

Last edited by JoanneCooper; 03/30/22 08:15 PM.

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