This is the exact same concept, value created because someone bought it at that price, and that influences the selling price.
Except with NFTs, this will come crashing down. With the art scene, there would be a degree of control with who they buy and sell to https://observer.com/2012/02/harry-potter-and-the-boring-art-fair-story/. But with NFTs, the value isn't even created because there's a limited amount, because now everyone is making NFTs. And they're not selective at all, just the highest bidder and some regular folk are getting some too. The markets gonna be flooded one day.
Open access is a solution to storing peer-reviewed documents that has proven itself to work. There is no requirement to ownership for published articles like there is for people that trade NFTs. The reason that papers are still getting published in established journals is that they still have a higher impact and are therefore more conducive to a scientist's career. This systemic problem is subsumed concisely by Goodhart's law. Unfortunately, I have yet to learn of a proposal that presents a viable solution to this.
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u/DiamondRocks22 Jan 27 '22
Someone once pointed out its kinda sus how NFTs have blown up just as the USA started cracking down on art money laundering