More or less yes but NFT is something more than that. NFT also comprises of online blockchain based gaming too.
This. I think blockchain based gaming is a lot more applicable in terms of NFT's real use case. I've seen a lot of my friends spending most of their time farming mythical or somehow rare weapons in a game hoping that they can sell it at a higher price. Back in the days, or perhaps up until now, selling items that are rare to find has a demand in the gaming community.
You can and this is how the digital art market is functioning. You sell the same digital image or video at a higher price to another collector who like the art for higher price. Popular digital artists like Trevor Jones and Lucho Poletti art sells for 10x sometimes within 10 months of the creation of the digital art. I believe this is equivalent to Tulip Mania where if any popular artist does something normal and launches on the platform it would easily sell for a few millions!
I'll understand if an artist like Beeple is selling an NFT that has established a name in the digital industry and It would not be a surprise if they could sell thousands of copies of their digital work that's worth millions of dollars.However, it is still difficult to grasp the idea that buying low and hoping that they could sell at higher price is something that drives the market. I guess it is still at an infancy stage where a real use is still not fully realized by the masses.
As I see it, though, it is not the visual nor the sentimental value that holds the importance of NFT's but rather a digital imprint to verify who is the real owner of that particular digitally made artwork, and that's something that holds the real value. Or perhaps, it could be a way to support your fellow artist or your favorite artist that is working hard in the industry but I can't see why these people are throwing their money off to some random guys and hoping that they could re-sell at a higher price.
Be aware of receiving some harsh comments from people who are new to crypto market, they would just shill NFT and if you tend to prove that wrong they would start teasing you as if you are a no-brainer
(happened in my case)
As long as it is constructive criticism it's okay
. I am a digital artist and I would be more happy if someone recognized some of the valid point that I missed.
I am so sorry for the late reply. But anyways, thank you for a good read.
We can say that there are rare created digital nfts but actually can't find any use at all, but appreciation only from those who are fond of having collections, there are people out there spend a lot for this and for them it's rare quantity plus design is already soemthing valuable.
Yep, I wonder if there are statistics that shows the transitions of traditional art collector to a digital NFT collector. As I have said, I think NFT's are just mean to provide
[1] Digital Authenticity
[2] A digital imprint that you can use if ever there is someone who commissioned you a digital artwork or character designs or maybe personalized portrait drawing. This way, NFT's is solving a real problem with regards to piracy.
[3] Blockhain based gaming
It's money making 'opportunity' works much like market, people buy in hope that the prices for particular nft will go up while artist make money of their works.
And that makes it ridiculous.
