Fine art is about being aesthetically pleasing. A JPG can do this on its own, without an NFT.
Maybe you mean the value of art is determined by, among other things, story and provenance? Sure, NFTs provide those two. What they don’t provide, which in my opinion is the most important part, is a unique piece of art. Some think a unique record in a blockchain that points to a non-unique copy of a JPG is equivalent, but it is not.
What is the difference between a painting by Leonardo, and an exact copy by a very skilled forger and Artist?
“Nothing”. Except, that we can prove Leonardo painted it as we have the history of ownership. The fact the jpeg isn’t unique isn’t the problem. It’s who minted the NFT. If you know it’s the artist, then only that “copy” is the real one. It’s all bullshit I know but there is an approximation of the above question.
Fine art is about being aesthetically pleasing. A JPG can do this on its own, without an NFT.
Maybe you mean the value of art is determined by, among other things, story and provenance? Sure, NFTs provide those two. What they don’t provide, which in my opinion is the most important part, is a unique piece of art. Some think a unique record in a blockchain that points to a non-unique copy of a JPG is equivalent, but it is not.