@entreprecariat 'I believed that the idea of registering digital art on the blockchain was ridiculous'
What changed your mind?
@rra let's put it like this: I still find it ridiculous, but I can't ignore the economy that NFT and stuff are "generating".
@rra from wp: "The NFT market value tripled in 2020, reaching more than $250 million. During the first quarter of 2021, NFT sales exceeded $2 billion."
@cjd @entreprecariat @rra @jplebreton I found this article very informative concerning the market and who is profiting from it: https://thatkimparker.medium.com/most-artists-are-not-making-money-off-nfts-and-here-are-some-graphs-to-prove-it-c65718d4a1b8
for me it is quite obvious why NFT and the art market go so well together: they share an obsession with provenance / authenticity, and the generation of value is based on speculation in both cases too. It's a perfect match in economic character, and the talking about the democratization of the art market is a rationalization, that cannot hold its promises, as the numbers show.
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