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> it envisioned how blockchain technology might “change the balance of economic power in the art market” and “integrate art into the financial sector.”
LOL
Typical blockchain specialist talking about stuff they know nothing about.
Here's the intelligence of your average "cryptogenius" https://www.wired.com/story/classic-scam-steals-bitcoin-on-t...
Have you read a good critic of moder art that you could recommend?
My gut tels me that modern art is a bubble with no objective way to measure any aspect of it and the market price is artificially inflated by all sorts of actors with conflicting interests. Have you read a good critic of moder art that you could recommend?
Earlier quoted context omitted.
Indeed, The one example is simply securitizing a work of art, "with the blockchain", where naturally a blockchain is no more useful than a simple contract since blockchains don't guarantee action in the real world. Which is to say blockchains could never do what the article claims, as you'd expect . It reminds me of people selling digital paper-clips in the 1980's.
Digital paper-clips? Could you explain what that is? I didn't get any results via Google.
For instance at a smaller scale I was into investing in perfect replica of light sabers and limited editions of them. They cost around $1000 and I hope to resell them in a few years for more. And if not I am still happy to have them so it’s not that much a loss.
The biggest benefit is depending of your country you can have tax benefits that you won’t have on profits with other more classic financial products.