henry@Midnight @marcel @mpesce Sometimes, the price of #FineArt is a function also of ownership history and/or origin (aka lineage and provenance), documentation which is compiled by the seller and may be incomplete and/or (partially) counterfeit. A third party could manage these records in a database, but might not be trusted by others, (be blackmailed into) tampering with records, raise prices absurdly, or refuse business. Perhaps #NFTs offer solutions?
Midnight 🚀@henry Yes; the "database" that NFT identifiers get stored in is a blockchain, so all the trust benefits (open, trust in math, not humans, append-only, history verifiable) that storage method has, NFTs inherit. Hence choosing to record an item as an NFT gives ownership and provenance verification "for free" from the tech stack itself.