new buyers
have to be drawn into the market. So too NFTs, with something illusory attached to the digital assets. Some light on the worth of this attachment compared to the economics of NFTs themselves may come from the interesting experiment by the “young British artist” Damien Hirst – himself aHirst’s well-publicised “The Currency” project has involved selling NFTs for 10,000 similar but unique dot paintings. The twist is that at the end of a 12-month period those who have bought the NFT must decide if they want the digital token or the physical artwork. If they keep the NFT the artwork will be destroyed.
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