Good points here! Another angle to consider with NFTs is that the traditional art world in general terms is the terrain up upper socio-economic classes. While the vast majority of my followers can not afford my paintings, the production and sale of NFTs has created another seat at the table. Perhaps that desire to have a seat is status driven, but I would also argue that it is also fueled at least in part by the desire to participate.
Your parting shot is the conundrum! For example, how does an NFT differ from a simple jpg other than the "smart contract" assigned to the art on the blockchain? This is something I'm working on explaining to others!
Good points here! Another angle to consider with NFTs is that the traditional art world in general terms is the terrain up upper socio-economic classes. While the vast majority of my followers can not afford my paintings, the production and sale of NFTs has created another seat at the table. Perhaps that desire to have a seat is status driven, but I would also argue that it is also fueled at least in part by the desire to participate.
Your parting shot is the conundrum! For example, how does an NFT differ from a simple jpg other than the "smart contract" assigned to the art on the blockchain? This is something I'm working on explaining to others!