> The more time and passion that creators devote to chasing the NFT, the more time they’ll spend trying to create the appearance of scarcity and hustling people to believe that the tokens will go up in value. They’ll become promoters of digital tokens more than they are creators.
This has always been an issue with art. Artists can be promoters of their art to support their livelihood (“sell out”). I do not think that stops making people creators.
And a small nit:
> Unlike some stocks, it doesn’t pay dividends or come with any other rights.
Many NFTs pay a cut of future sales back to the creator. For that reason, I think of NFTs more like a stock than a claim of uniqueness.
This has always been an issue with art. Artists can be promoters of their art to support their livelihood (“sell out”). I do not think that stops making people creators.
And a small nit: > Unlike some stocks, it doesn’t pay dividends or come with any other rights.
Many NFTs pay a cut of future sales back to the creator. For that reason, I think of NFTs more like a stock than a claim of uniqueness.