As I mentioned, a quick reminder that “NFT” does NOT solely equal a piece of digital art. It is a technology that provides scarcity to a digital asset. Scarcity delivers value – whether gold or non-tangible goods. Therefore, it makes many other activities possible beyond digital art possible such as music and events/ticketing. Through their increased application for these purposes will seem into the greater water supply of society and in 10 years we will not understand anything else. I want to speculate on this as it relates to art and artifact collections.
Web3-ing Your Stuff
Our databases that contain the vast troves of knowledge about the cultural heritage we steward analog the difference between web2 and web3. When we catalog an object and upload our knowledge of an object to a database, we mostly aggregate and copy information (literally, ad nauseum for me this week) that already exists about an object and store it with one, centralized company. Thus, that company gains a certain amount of power over our data based on its size.