On art and business and context and mirrors

NFTs and cryptoeconomics (tokens) in general force the ownership issue by allowing for everything to be, and governed by, a market. This is neither good nor bad - it is, though, very different.

It used to be that value could be determined by scarcity. The less of something, the harder it was to get, the more it was worth for you to get it.

A digital file, when intersected with the ubiquity and scale of the internet, can be “seen” by anyone. NFTs push the notion even further. By adding to the ideas of abundance and scale those of passionate distribution, patronage, the day-one fan and, yes, ownership. Concepts associated with scarcity, now distributed out to the abundant world at larg... See more

Yet, one of the superpowers of connected technologies - networks - is that they will remove scarcity if at all possible. Connected networks by definition make things abundant that were once scarce.