| Your observation: > I bet someone would buy a preserved notebook of someone semi-famous with 5000 pages of drawings, mostly regardless of contents ...is, I think, kind of what the article author is trying to get at. Beeple is arguably semi-famous not for his art, but for getting a staggering price for these 5000 images. It's as if someone bought a preserved notebook with 5000 pages drawings for tens of millions of dollars, and the notebook belong to someone who is semi-famous because... they sold that notebook for tens of millions of dollars. While I keep trying to give NFTs a benefit of the doubt -- I think it's great for creators to be paid for their work! -- I'm not convinced that introducing artificial scarcity is the way to go about it, and this sort of "it commanded a high price because it commanded a high price" recursiveness doesn't exactly give us a great example for why NFTs are not a peculiar techno-bubble. |