Non-fungible token: Difference between revisions

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===Creative destruction?===
===Creative destruction?===


[[File:Madonna and Token.png|350px|thumb|right|''Madonna and Token'' ([[Büchstein]], 2021)]]Let’s just work that logic through by analogy. To the right we have two images. One is ''La Gioconda''. The other is a picture I just drew of it. I accidentally put my coffee mug down on it but I think that makes it look a bit more authentic. Now, ''both'' of these are unique representations: one is hanging in the Louvre, as we all know, the other is on the 20 April page from my desk diary from last year. Wikipedia estimates the 2019 value<ref>Extrapolated from a 1962 valuation of USD100m: ''a suspiciously round number'' if you ask me, but still.</ref> of the ''Mona Lisa'' as USD 850 million. If we take that valuation as fair, I don’t think is is stretching things to say that the ''combined'' value of the ''real'' Leonardo original and my “unique token” of it — to be clear, that is the ''real'' thing, in my last year’s desk diary, not the feeble photographic facsimile you see below — is more or less ''exactly USD 850 million''.
[[File:Madonna and Token.png|350px|thumb|right|''Madonna and Token'' ([[Büchstein]], 2021)]]Let’s just work that logic through by analogy. To the right we have two images. One is ''La Gioconda''. The other is a picture I just drew of it. I accidentally put my coffee mug down on it but I think that makes it look a bit more authentic. Now, ''both'' of these are unique representations: one is hanging in the Louvre, as we all know, the other is on the 20 April page from my desk diary from last year. Wikipedia estimates the 2019 value<ref>Extrapolated from a 1962 valuation of USD100m: ''a suspiciously round number'' if you ask me, but still.</ref> of the ''Mona Lisa'' as USD 850 million. If we take that valuation as fair, I don’t think it is stretching things to say that the ''combined'' value of the ''real'' Leonardo original and my “unique token” of it — to be clear, that is the ''real'' thing, in my last year’s desk diary, not the feeble photographic facsimile you see below — is more or less ''exactly USD 850 million''.