Myths and Fallacies about NFTs
- I can just right-click and save an NFT, right?
A “Thought-terminating Cliche,” a logical fallacy where something is being repeated over and over again in order to forcefully stop the discussion, even though it’s very inaccurate.
To clarify this countless of times, NFT is a way to certify or prove your ownership of a digital version of a certain piece of art. People can do whatever they want on the saved image and the screenshots, even the printed ones, just like replicating Juan Luna’s “Spoliarium” over time. The only person who “owns” it has the only right and the ability to make profit out of an NFT.
- Is NFT really destroying the environment?
“Fallacy of Composition,” is when you debate over something that is true for the entire system. The blockchain industry in this case.
NFTs only consume electricity when you’re only making one or being moved. When viewed or experienced, there’s zero consumed energy. The exact electricity consumption is not yet fully known since all or at least mostly of the research was built on top of heavy amounts of extrapolation.
- Does NFT Hurt Small Time Artists?
“Appeal to Emotion,” or specifically a “Galileo Argument” is a logical fallacy that attempts to win an argument by pitying the reader.
NFT allowed the small-time artists to reach more communities, unlike an Instagram feed that also allows the artist to earn a very good life from making art. There are a lot of artists from all over the country ending up finding opportunities in NFTs.
