The website content discusses the intersection of art, technology, and value, focusing on the phenomenon of NFTs through the lens of Banksy's art and the concept of blockchain technology, exemplified by the story of the shredded "Girl With Balloon" and the role of 2 Chainz as a blockchain metaphor.
Abstract
The article delves into the intricate relationship between the value of art and life, using the famous incident where Bank
NFT, Or The Story Of Banksy The Joker Artist, 2 Chainz The Kid Around The Block, My Virtual Mona Lisa Painting.
The Value Of Art, The Value Of Life.
Before we talk about what NFT is, let’s talk about art.
1. The Banksyruptsy Of The Girl With Balloon
You are over the phone and excited to buy this amazing painting from the most mysterious artist in the world.
You relieve yourself from $1.4 million of dollars, and you are excited about your new piece of art.
But the moment the deal is sealed, the piece of art starts shredding.
How would you feel?
That story happened at Sotheby’s on October 5th, 2018, in London, England.
Funny story: shredding this piece of art made it even more expensive.
2. The 2 Chainz Around The Block
Imagine 2 Chainz with a block. This is the origin of the blockchain, I heard.
I see that you are a little bit confused. Watch this video:
Blockchain is the technology behind cryptocurrencies like Bitcoin and Ethereum.
How to describe the blockchain to my grandmother?
Nanny, imagine a giant board in the middle of your village.
Now imagine that each time you say something, it is carved on that board.
As the board is in the middle of the village, everybody comes and copies what is carved on it each time new information is added.
This happens each time a villager’s voice is carved on the board.
Even if you try to go on the central board and try to modify it, people will see the erasures.
This is the blockchain in a nutshell.
And 2 Chainz is literally sitting on a block near the board. He is the Guardian of the board.
3. NFT Or The Unicity Of Multiplicity In The Digital Era
How is my virtual Mona Lisa worth it?
“A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable.[1]NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with a proof of ownership that is separate from copyright.”