I’m extremely skeptical of all cryptocurrencies and most usages of blockchain. However this seems like the first interesting and potentially practical application I’ve heard.
It deals with art - something that’s value is inherently subjective. Plus it gives makers of digital art a better/additional way to fund themselves. Further, transactions would likely be limited reducing environmental impact. Finally, it could provide some competition to company’s like Sotheby’s.
Obviously there a lot of open questions (couldn’t someone else just duplicate a work and make their own coin, why not just pay an artist directly, money laundering, etc). But I think this at least warrants further discussion. It’s an interesting way to make digital art collectible/tradable
It deals with art - something that’s value is inherently subjective. Plus it gives makers of digital art a better/additional way to fund themselves. Further, transactions would likely be limited reducing environmental impact. Finally, it could provide some competition to company’s like Sotheby’s.
Obviously there a lot of open questions (couldn’t someone else just duplicate a work and make their own coin, why not just pay an artist directly, money laundering, etc). But I think this at least warrants further discussion. It’s an interesting way to make digital art collectible/tradable