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Old 05-03-2022, 02:49 PM  
dcortez
DINO CORTEZ™
 
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Join Date: Jun 2003
Location: Vancouver Island
Posts: 2,145
Quote:
Originally Posted by interrelate_powertrax View Post
I think that depends on how you view art.

At the top end it is nothing more than a way to move/store/grow wealth. The only things that gives them value is the certificate of authenticity. Think of the forgeries that have been sold for millions only to be devalued once discovered. The art was the same as it was when bought for millions the only thing that changed was the certificate. Given that it goes that way, would it matter if the art swapped but the certificate stayed the same?

NFT's can never contain "art" they can contain a hash and proof you own the private key. That makes them a great vessel for holding wealth but a poor one for holding art. If you want to buy art then you buy what you like if you want to store wealth you buy whatever the market tells you!
As an artist, who creates original physical artworks, I don't see any value in NFTs. I think recent media coverage of plummeting "digital art" NFT values, underscores that.
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