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The New Digital Crime That Is Ruining Content Creators and Artists
The great stealing of digital artworks begins.
“Good artists copy, great artists steal.” — Pablo Picasso.
NFT stands for non-fungible token.
They are digital assets that exist on a blockchain network.
Just so you understand: as Mark Cuban, the owner of the Dallas Mavericks NBA team, says, "NFTs are the philately of the 21st century".
Mark knows what this game is all about. At 15, he started buying postage stamps for 15 cents that he would later sell for 25 dollars.
So the value of NFTs (still collectibles, like art or stamps) lies in the market's confidence.
For example, people believe that Goya was a great artist, and that is why his paintings are worth millions, and his work is revalued over time.
In other words, if cryptocurrencies are the digital version of gold, NFTs are the digital version of art.
Yuval Noah Harari states in his book Sapiens that the value of gold and silver is purely cultural.
Today's culture has changed to digital, so it does not surprise all this madness with cryptocurrencies. Instead, it is the gold rush.
