NFTs Are About More Than Art — Mirror

Historically there was no way to separate the “owner” of a digital artwork from someone who just saved a copy to their desktop. Markets can’t operate without clear property rights: Before someone can buy a good, it has to be clear who has the right to sell it, and once someone does buy, you need to be able to transfer ownership from the seller to t... See more

An NFT represents an access pass to an unspecified, generative possible future associated with an object. It is a key to a possible world. A key that is distinguishable from other keys. A key to a world that may or may not open up. A key that carries some hints of the kinds of locks it might unlock. A key that, unlike fungible tokens (or stock), al... See more

What’s key about the NFTs that retain value over time is that they will serve a purpose. And many do serve a purpose—many have more utility than Beanie Babies or tulips ever did. “Purpose” and “utility” can be broadly defined. CryptoPunks, Meebits, and Bored Apes, for instance, can serve as your Twitter avatar and confer upon you status