Originally Posted By: Gordon Scott
AFAICS it's a bit like buying a signed limited-edition print. Other people can have copies of the print, but only the buyers have the signature.

The whole blockchain thing of course has other applications, but this, I think, paints a pretty good picture of what's going on with digital art NFTs. You create a valueless entity and engage with other speculators in the hope of driving it up. Conceptually, it's like selling a notarized statement that someone owns the RAM token of the MP3 of "My Way" you played on your computer on a certain occasion.

Last edited by Mark Hayes; 03/31/22 04:27 AM.