/biz/ - Business & Finance

>>30408155
best way to understand it is that it's a very very reliable and accurate receipt chain.

The original artist is the first receipt in the chain and the more added to the chain the more valuable the NFT becomes.

With a fungible token trade it is not distinct and not added to.

"Receipt chains"/NFTs solve the myth of sisyphus. One must imagine the buyer happy. One must imagine a runner high. One must understand the value of quantity of life beyond quality of life.
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[due diligence tangent (optional reading)]:

If you wanted an asset for it's experiential quality one would buy gemstones or precious metals, being that the value is purely derived from it's definition and cannot be influenced by who held it prior or what it represents. A well defined cut on a gemstone or pure gold is probably what you're after if you're investing in an experience.

by looking at pic related you are not experiencing a pipe but the work has value because someone has to own a work and it has been sold a bunch of times making it particularly valuable despite not letting you see a real pipe.