[megameter]

The analogy I use with NFT art is not with physical items but with banking. The token is just another form of credit issued by the artist. The relationship to the specific work is knowingly tenuous and entails intermediaries - and in this respect, it's still a tech demo - but the financial asset itself has meaning relative to the credit of the artist, given that the wallet that minted will itself have a persistent identity.

Recognition for previous work creates expectations for new work, even if the work itself is lost. Art has always operated that way.

But there are details that need sorting out. A proprietary URL link - or an IPFS link only hosted by one node - is too flimsy for long-term collectables. Use value is sorely needed to really flesh out the function of the tokens. Again, as it is, we have tech demos with some eyewatering valuations.