Cryptocurrencies, BitCoin and blockchain technology have grown as a panacea for everything in some circles. The headlines and subheadings of “Blockchain will be fixed …”, which are increasingly daring assumptions, have already reached many of us. He had to build a popular “crypto” financial system, monitor democratic elections, the music market, insurance and gambling.
Like Amol, the blockchain also offers a cure for all ills and hopes for the coming year. We started laughing about it a few years ago, and in 2018, Wired released a mocking text about 187 things the blockchain promised to fix.
So it’s hard to hope for another blockchain-based problem that comes to the fore in SEO topics, hashtags and expressions. At present, this expression is NFT, ie “indefinite token”. It works in conjunction with artistic terminology, so this time it’s to save blockchain art. While every blockchain discovery needs to be approached with caution, the doubts in the NFT situation seem particularly valid.
A pending solution to the problem
What is NFT? In short, it is a non-fake “fingerprint” that touches the digital form of a work of art. In Blockchain (a sequence of data that allows each subsequent element to “follow” the previous one, to determine the authenticity of the component at any time, and to ensure the impossibility of falsification of historical data), Ethereum has already included countless works.
Thus, NFT is an idealized, mathematical description of certain behaviors inherent in the art market and collectors’ pop culture. Museums and art experts use advanced methods to analyze the authenticity of works (micrographs, X-rays, etc.) due to the physical impossibility of having two identical copies of something.
In this case, the copy of digital data is the same by definition. Most of the time, DRM restrictions (temporarily) can make copying difficult, but it will be the same once a copy is obtained or purchased. NFT ensures the authenticity of the origin.
Collect them all
The second feature of NFT’s real-world digital map is a collection of autographs. For example, consider a series of popular books. The collector will try to collect the whole series, and the value of each individual part will be estimated in relation to its other copies. The rarer it is, the more valuable it is.
The more popular items are less expensive, and collecting them does not increase the value of the collection. A popular copy will only be valuable if it is selected with some thematic features, such as the author’s autograph.
In the case of NFT, all “copies of the series” are equally popular because the duplication of digital content is infinitely possible. A distinctive, “valuable” element can be a copy of the creator’s virtual autograph, ie an NFT of a particular work created by the author.
It is impossible to digitize everything
The problem with attempts to digitalize some of the above-mentioned artistic events is that these behaviors are unfair and, to put it bluntly, somewhat “autistic.” The hyper-utilitarian approach to the issue means that the magic of digital media is losing its magic and its meaning. Admiring “Freedom that leads people” is not about collecting Pokemon cards.
Being able to connect with an original work (purchased or viewed in a museum / gallery) and believing in its authenticity are events that have advantages other than having a certified holographic Charizard in the tournament.
Behaviors inherent in material and audiovisual art cannot be fully digitalized. Undoubtedly, the classification and analysis of collectors’ behavior and the so-called art theory, but the attempt to capture them in the form of a universal algorithm seems Persian.
Does it make sense?
It is difficult to resist the impression of the experience of the authors of the NFT concept, such as collecting playing cards and two school visits to a local museum, which is not of particular interest to them.
For this reason, you may not understand NFT, you may even laugh a little, but at the same time it is easy to get a little afraid of the forced algorithmization of everything. And to meditate over time without disturbing our grotesque senses. And then the first Tweet, which sold for less than $ 3 million, or the Beeple collage, which sold for $ 69 million, will be almost rational.