Buying an NFT isn't like buying a piece of art you can put on your wall, it's like buying a signed, numbered, limited edition card that has the address of where the actual owner has the art on his wall.
...except the address might be wrong. Or become wrong when the actual art changes hands, or the owner dies. Also nothing stops the artist from making a new print run of the cards. Or someone who isn't the artist making a print run of the cards.
But I mean, even if Beeple sells another thousand NFTs referencing the same artwork, and even if this NFT quickly ends up with a broken URL, and even if the buyer of the NFT didn't end up with any ownership rights to the artwork itself...
...at least they can feel pleased they bought the first NFT issued by Beeple with this particular URL on it. That's gotta be worth something! (...$69 million, apparently...)
But I won't be happy if people stop buying gold and all I can do with it is sell it to some electronics manufacturer for 1% of the price I paid for it.
> dollars are backed by a government
Sounds great, what can I do if people stop accepting dollars in trade?
> Owning original art is bragging/speculation.
Agreed, so nothing new.
This is more or less you saying you paid for a receipt showing you paid to have a hash of the same MP3 everyone else is listening to.
This is why you see people making the comparison to sports trading cards. You're not buying the person, you're buying the piece of cardboard.
They can display the receipt but have no more right to the art than you or me.
