Quote:
Originally Posted by redpoint5
I thought about NFT but a blockchain record of ownership doesn't seem valuable to me considering the digital content can be replicated anywhere with 100% fidelity.
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Thinking about NFTs as pictures/content or replica vs. original is I think the wrong angle, you have to think about it as buying status. Kind of like buying baseball cards (people don't really play baseball card games right? the cards are just for collecting AFAIK). It doesn't matter that anyone can have the same cat picture or a replica of whatever rare card, it matters that everyone knows you are the "real owner" and the bragging rights are what's worth money.
A replica car is just as useful as the original car as a vehicle or as a costly piece of physical artwork, if the craftsmanship is equal then the replica should still be worth substantial money. An NFT on the other hand is digital and has close to zero inherent utility, so you are 100% purchasing it for status. A painting is somewhere in between, where you can have a reproduction of the original that's somewhat expensive to produce and is easily differentiated from just a print, but the original is still worth much more.