Al,
Lets do this again.
Keep it much simpler.
Here is an example of the value of art. The example is meant for you to abstract from. It is not meant as a singular example.
The Mona Lisa is on the wall in the Louvre. Copies are everywhere, film, magazines, textbooks, prints on people’s walls…etc…etc…the value of the copies is the cost of the print plus a small premium for the people offering it for sale. The value on a TV show is a small cache of some art you know.
The value of the Mona Lisa in the Louvre is the museum’s ownership of the original art. There is the art and the ownership in one bundle. It is a hard copy and the ownership of the hardcopy.
Digital art is all copies. From top to bottom an infinite number of copies.
An Eth NFT allows an artist to create a singular ownership contract. That is where the abstraction is.
Ownership has a value.
Like the Mona Lisa any number of copies can exist. That does not diminish the Mona Lisa. It helps the value of the Mona Lisa. The public is engaged.
If you look at a movie today on TV the studio owns the movie. The movie is a digital work with infinite copies. The studios use contracts to sell and license the movie.
If you put it in the perspective of how the movie studios operate this is not a foreign concept.
Blockchain tech secures that the contract is a one off.