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by 0x500x79 1639 days ago
A Michael Jordan rookie card is rare because only a certain number of them were physically made. An NFT is rare because we decide it is rare (the physical constraints are not the same as the rookie card), I don't know if they are exactly the same. The minted copy here is exactly the same, pixel by pixel, to the original.

I also find that when we start applying analogies to something as an argument we are detaching from the reality of what we have. It is meant to simplify, and appeal to people who are not familiar with the topic at hand. No matter how wrong the analogy is (or right) we are inherently shifting the conversations to something different. I know this analogy is trying to say an NFT is scarce, but it IS quite different than a Michael Jordan rookie card in its execution, management, and a lot of the things that make a Michael Jordan rookie card worth hundreds of thousands of dollars.

1 comments

Funny part is that I don't think the actual image even has to be copied. What is on the blockchain is just metadata, including a URL (or multiple) where the actual image is stored. You can just copy the metadata.