Submitted by nickmakr t3_zwhv1d in Futurology
funkanimus t1_j1uwcn7 wrote
99.999999% of original art hangs on the walls of people's homes. A very small fraction of famous art by famous artists may be involved in speculative pricing and/or money laundering. 100% of NFT art is a scam based on the hope that a "greater fool" will pay more for it. Nearly all art is bought for personal enjoyment, not for an investment. Art does not need NFTs. Nothing needs NFTs. NFTs need to associate themselves with something of actual value because they have no value.
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