>The only value I can comprehend in all this is that of the ledger's utility in facilitating trading on the secondary market (since the artist doesn't need to go and vouch for everybody who eventually buys/sells the ownership stake in the bag of bits in the future).
The contract also automates royalties.
>It all feels gross to me. I can certainly appreciate that artists have to make a living, but the idea that the best way to do this is to crank out digital certificates to confirm somebody "owns" their work (but only in the sense that the "owner" can trade and speculate on that ownership stake) strikes me as bizarre and dystopian.
It's definitely weird and it's definitely a novel form of ownership -- I think the debate over whether NFTs are good/bad is really one over whether this new social convention will stick around. I can see why some people don't want it to.
The contract also automates royalties.
>It all feels gross to me. I can certainly appreciate that artists have to make a living, but the idea that the best way to do this is to crank out digital certificates to confirm somebody "owns" their work (but only in the sense that the "owner" can trade and speculate on that ownership stake) strikes me as bizarre and dystopian.
It's definitely weird and it's definitely a novel form of ownership -- I think the debate over whether NFTs are good/bad is really one over whether this new social convention will stick around. I can see why some people don't want it to.