Misleading title. Doesn't cite any example of blockchain making anything happen.<p>The article mentions blockchain tech only towards the end, and the specific blockchain to which they refer hasn't even started operating yet.
Art is (kinda) already a financial product, since a long time ago, and it never needed blockchain to do that.<p>> it envisioned how blockchain technology might “change the balance of economic power in the art market” and “integrate art into the financial sector.”<p>LOL<p>Typical blockchain specialist talking about stuff they know nothing about.<p>Here's the intelligence of your average "cryptogenius" <a href="https://www.wired.com/story/classic-scam-steals-bitcoin-on-twitter/" rel="nofollow">https://www.wired.com/story/classic-scam-steals-bitcoin-on-t...</a>
As someone who has loved mechanical watches <insert other qualitative hobbies I’m sure> for years and seen them become a financial product over the last decade or so. I’m not convinced making art a financial product is a net positive.
Art is already and has been for a long time a financial product. As well as old cars, or some wine brands, or original draw of a page of a Marvel book, and things we may not see as financial product.<p>For instance at a smaller scale I was into investing in perfect replica of light sabers and limited editions of them. They cost around $1000 and I hope to resell them in a few years for more. And if not I am still happy to have them so it’s not that much a loss.<p>The biggest benefit is depending of your country you can have tax benefits that you won’t have on profits with other more classic financial products.
My gut tels me that modern art is a bubble with no objective way to measure any aspect of it and the market price is artificially inflated by all sorts of actors with conflicting interests.<p>Have you read a good critic of moder art that you could recommend?
I knew I was on to something! [0]<p>[0] <a href="https://blackbox-1285.appspot.com/hn.html" rel="nofollow">https://blackbox-1285.appspot.com/hn.html</a>