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by esja 1677 days ago
Speculation and money laundering. NFTs are perfect for the latter.
2 comments

Does anyone have evidence for nfts-as-money-laundering? I keep seeing this thrown around without any actual reasoning...
Really that's just an inherited property from physical art
Digital art has been free of this "inheritance" for years. We don't need to impose the arbitrary constraints of physical art on digital art. It's as backwards as Blockbuster trying to ban digital video so that they can sell more DVDs. It's philosophical DRM for jpegs.
It's kinda the opposite of DRM though, there's a strong culture of CC0 / public domain licensing in the NFT space. The idea is that you should be able to use and remix media freely but you can preserve a kind of monetary value through which artists get paid via a novel concept of ownership.