re: The average price of a CryptoPunk NFT is $188,767.12

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It's basically owning a piece of digital art It’s really not, though. It’s more like having your name associated with a piece of digital art, right?

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It’s a digital proof of ownership. Just like the court house in every parish/county that has loads of books recording the chain of ownership for every piece of property located within its borders. This is the technology that will replace that. A decentralized digital ledger, distributed among computers located around the world, where each entry has to be verified by the network, not a centralized authority.

Why such prices are paid for seemingly worthless jpegs is worthy of speculation, just like one might wonder why millions are paid for physical artwork. Money laundering, speculation/investment, who knows?