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For some, active non-tangible NFTs constitute the revolution of the art market and for others another stupidity of the digital age. But in reality it could be both.
In the previous post we saw several examples of what an FNT is, we talked about an auction at Christie's house where someone paid $69 million for Everydays: The First 5,000 Days.
A digital work by Mike Winkleman, better known as Beeple, who became one of the three most successful living artists in the world, the buyer received such a high-figure exchange an annotation on blockchain (the same technology used for bitcoin transactions), which certifies it as the rightful owner, received nothing more, except for a digital file, composed of pixels, and which has been copied millions of times on the internet, because in the strange world of non-fungible tokens you pay for intangibles.
We have another example this time with a file in Microsoft Word by the famous journalist Kevin Roose, a journalist for The New York Times who auctioned a digital article, which was also copied several times before Roose did it to the editor, and this one to the style editor and then came to the designer where he placed it on the web and which was read by many of the 8 million subscribers of the popular New York daily.
But there was someone who paid $60,000 to receive a blockchain note that certifies him as the owner of thatdocx file by the famous journalist Kevin Roose.
We conclude that with NFTs, artists can sell their works using blockchain technology that encourages buyers to pay for property in the virtual world, although this buyer only acquires an intangible that they have nothing that another person does not have.
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Thanks for talking about this, I really think that maybe it can be both. And maybe it can be beneficial sometimes.