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Memo 0x15305580…660e31 on Ethereum

"The collector reads the text, looks at the JPEG, makes a decision about the artwork. But actually, the artwork is a derivative. It was the JPEG that mattered, as it is the JPEG on which the transaction depends. The collector might decide to buy or not buy the work, to reserve it, to see it later in person, and so on. As in other fields, the main thing traded here is the derivatives. The simulations are not worth much at all, or are such poor images that they might as well be free gifts". in "Digital Provenance and the Artwork as Derivative", by McKenzie Wark (e-flux Journal #77 - November 2016)