Others are trying to make a quick buck as cryptocurrency prices surge. Some NFT buyers are collectors and fans who show off what they have bought on social media or screens around their homes. The nascent market for these items reflects a notable, technologically savvy move by creators of digital content to connect financially with their audience and eliminate middlemen. But digital media has not had the same value because it can be easily copied, shared and stolen. ![]() People have long attached emotional and aesthetic value to physical goods, like fine art or baseball cards, and have been willing to pay a lot of money for them. This month, the actress Lindsay Lohan sold an image of her face for over $17,000 and, in a nod to cryptocurrencies like Bitcoin, declared, “I believe in a world which is financially decentralized.” It was quickly resold for $57,000. ![]() Other digital tokens recently sold include a clip of LeBron James blocking a shot in a Lakers basketball game that went for $100,000 in January and a Twitter post by Mark Cuban, the investor and Dallas Mavericks owner, that went for $952. They’re buying bragging rights and the knowledge that their copy is the “authentic” one. ![]() The sale was a new high point in a fast-growing market for ownership rights to digital art, ephemera and media called NFTs, or “ nonfungible tokens.” The buyers are usually not acquiring copyrights, trademarks or even the sole ownership of whatever it is they purchase.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |