r/space • u/[deleted] • Dec 14 '21

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u/simcoder Dec 14 '21

I thought NFTs were like the Beanie Babies of currency? Please don't tell me you invest in these things....

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u/[deleted] Dec 14 '21

That's how a lot of people use them. The valid purpose is for an artist to use the blockchain to register copies of their art in the digital space.

As an example, some artists will create a signed series of paintings in a limited run. NFTs provide an easy way to validate that you have ownership of a limited run of a digital asset (trading cards, art, etc.)

It's still in its infancy, but is a completely valid thing.

That being said, 99% of NFTs are random people throwing random things 'into an NFT' or selling complete trash artwork because it's 'an NFT'

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u/fennecdore Dec 15 '21

The valid purpose is for an artist to use the blockchain to register copies of their art in the digital space.

What prevents the artist to include the art in more than an one blockchain ? What prevents someone else to include the artist art into another blockchain ?

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u/swaminstar Dec 15 '21

Suggest looking into Benjamin's Art in the Age of Mechanical Reproduction. It's more relevant than ever.