From Harvard Gazette:
A digital collage of 5,000 images by the artist known as Beeple fetched an eye-popping $69 million at auction last week as a non-fungible token, or NFT, a type of digital file that uses computer networks to prove a digital item’s authenticity, paid for in cryptocurrency. It was a striking sum for something that can so easily be copied and co-opted by anyone with an internet connection, according to many experts,
Interesting. The curator is very reluctant to accept this as art and justify the absurd selling price. She sees it possibly as a cryptocurrency investment rather than an art investment. Maybe.
Can it be copied? If so is the original as designated by the block chain still worth more. Is it worth 69 million even if it has been copied. Will the owner or anyone for that matter be able to view it in twenty years when the technology has advanced? I cannot access data I stored on a floppy disk twenty years ago.
It relates to an issue I have been discussing for years. In a digital world who owns the data? Do you own a Kindle book that you buy from Amazon? Or do you just own the right to read it on your device? Do you own your digital impression device? What if that device can be rendered useless by a vendor who simply turns off the software connection. “Bricks” it. It has happened.