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by 8note
1595 days ago
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I don't know what the third one entails, or whether a distributed ledger actually enables it without also having a centralized legal entity, but the other two seem like they already exist without a distributed ledger. The limited edition art is really just tracking receipts - you can do that over email if you want and it really doesn't have to be public. Non digital art does fine with private receipt tracking. You can also have a dedicated database that charges art owners a maintenance fee, and tracks who the current owner of each art piece. Basically free tier AWS. For 2) forever art already existed without any ledger. People store copies of pictures they like because they feel like it. Not being on a ledger doesn't mean Nyan cat will disappear. The ledger might attempt to guarantee that unpopular works stay available, but I don't think you can guarantee that any particular ledger will continue to be active "forever". They could do a hard fork that prunes out the unpopular art to save on space, and migrate everyone to that one, leaving the old one unhosted. Long term, you're not going to force people to keep spending resources to maintain stuff that nobody cares about |
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I think this is a misunderstanding of what happens when a collection is created through a platform like Art Blocks. The generative code is frozen on chain, every minted image has a verifiably random initial seed, and each image is generated from the composition of these two elements. The number of random seeds which can occupy an "official" slot is preconfigured and cannot be later increased.
I promise you that this has significant impact on the feeling of working on generative art and what you think of as the final outcome of an art project. It cannot be replicated through some kind of ad-hoc receipt system that lacks algorithmic guarantees and is subject to modification or increase at any later point.