A constellation of enterprising ideas about art and artifact collections.
As a lot of “froth” has accumulated around the NFT trend, that they provide scarcity will undoubtedly allow them to weather the fad in the world of collections. Scarcity is the beating heart of the collection, of the museum, of the collectible. We may all have an image of the Mona Lisa, but only the Louvre has the actual work. It epitomizes scarcity despite the flood of reproductions.
In lieu of exclusively associating the recent NFT craze with the bloated, attention-grabbing Beeple sale at Christie’s and the subsequent mainstreaming of the digital token by those eager to capitalize, consider instead, that NFTs, existed long before and will exist long after because they solve an important problem in collections and museums, digital scarcity.
