2min chapter

Vaulted by PROOF cover image

DEAFBEEF and the Craft of Generative Art

Vaulted by PROOF

CHAPTER

The Idea That We Own NFTs Is Not Real, It's Socially Constructed

The idea that we own nfts is social consensus. It's a public ledger that says, ok, you own quo this nft. And so in the same sense, the idea that that the work has degraded is not real, it's also socially constructed. Because just because a number in a smart contract has been incremented from zero to one or from one to two, it's by soca consensus that we decide that means that this particular series three token has degraded many times compared to another one. That might influence its value. Some owners have actually wanted to do some type of art thing were they had it transferred at the time of the new moon, and they would transfer it to

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