![Voila! [1500x500 - 68KB]](https://pic8.co/sh/IpuPiT.png){kind=link}
Exactly. NFTs are digital collectors items. If people are willing to pay thousands for a single party-hat wearing DogeCoin NFT, then voila, a market is born.
Which means it's just as ridiculous to spend tens of thousands for a tiny, old, piece of physical artwork, as it is to spend that on an NFT... unless you can flip it for profit.
Exactly. NFTs are digital collectors items. If people are willing to pay thousands for a single party-hat wearing DogeCoin NFT, then voila, a market is born.
Which means it's just as ridiculous to spend tens of thousands for a tiny, old, piece of physical artwork, as it is to spend that on an NFT... unless you can flip it for profit.
Or more importantly, tax evasion
Or more importantly, tax evasion
With physical art you pay for materials that went into it and the talent. Modern art you are paying seven bucks for the paint, 15 for the canvas and 60k for the haitian children that will be delivered to your mansion once the transaction is complete.
With physical art you pay for materials that went into it and the talent. Modern art you are paying seven bucks for the paint, 15 for the canvas and 60k for the haitian children that will be delivered to your mansion once the transaction is complete.
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