Announcing their purchase of the record last week, members of PleasrDAO said they saw the concept as being in line with the values behind non-fungible tokens (NFTs), the blockchain-based collectibles that have become PleasrDAO’s bread and butter over the past year. NFTs are a form of cryptocurrency attached to media files – JPEG files are endlessly reproducible, thanks to the copy-paste function, but the crypto component can give them an element of scarcity. There’s only one of each token, and because transaction records are available publicly on the blockchain, imposter NFTs are easy to identify.
NFTs and the Patronage Model
