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Destructopoo t1_j1vjb2t wrote

Reply to comment by Melodicmarc in art future by nickmakr

NFTs are the digital signature themselves. They are tokens and the images are a place holder. There is a line of code which an algorithm uses to generate an image and inversely, an image has a unique line of code associated with it. Ever pixel has a numerical value. Imagine I made an nft line that was a 4 by 4 grid. The format is [Blockchainsecurity][0000000011110000][gibberish] and my platform draws you a blank grid with a horizontal line 1/4 of the way up. You own the code. My website makes it a picture. An nft differs from crypto in that there's an image gimmick.

Art isn't a rich people scam. It's art. Do you think houses are a rich people scam? The proportion of houses that are commodified and exploited by the rich is far more than the proportion of art which is commodofied and exploited.

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Melodicmarc t1_j1vmvaw wrote

So the intent of NFT's are used to show ownership of the original digital image right? Just as a signature by the original painter on a piece of art shows they created it? I think a digital signature of ownership of a digital image is a valuable. I think the scam of buying and selling NFTs like they are stocks is incredibly dumb. FYI this is where I am getting my information from: https://www.youtube.com/watch?v=NNQLJcJEzv0

You're correct in that art in itself isn't a scam. Art is great, and only a small portion is used as a scam by the very rich to inflate value and launder money, which that video goes into detail about. Which is why I thought NFT's was a good comparison to that. Comparing art to houses is a bad comparison, because once again houses hold actual value in materials and owning a piece of land. Value in art is based entirely off what humans perceive it to be. A painting won't get you far on a cold winter night, but a house will.

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Destructopoo t1_j1y0w2w wrote

That's not the intent. It's the selling point. NFTs do not show digital ownership of art. The art is a representation of the code. You do not own the art nor do you have any rights to it with the NFT.

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