This depends on what sort of cooperation there is between the artist and her fans. In theory, the fans could disagree with the artist and pick someone else’s cover version. (Perhaps it might...
If the creator decides that their NFTs are important, they will have value; if they decide their show is worthless, it will not. And, in the case of Swift, if she decides that albums are valuable they will be, not because they are now scarce, but because only she can declare an album “Taylor’s Version”.
This depends on what sort of cooperation there is between the artist and her fans. In theory, the fans could disagree with the artist and pick someone else’s cover version. (Perhaps it might happen for an artist who alienates their fans, which would be a kind of anti-leadership.)
In the absence of clear direction from their leader, they’d probably buy the original album or maybe stop buying altogether and listen to something else.
There’s something similar going on between a cryptocurrency protocol’s developers and everyone else who runs their code. The developers have the power to make changes as long as they don’t go too far and alienate their audience, so they decide not to upgrade.
For most software we run, we don’t scrutinize it, we just apply all updates. This is basically blind trust in a leader, and it works for them up until the point it doesn’t.
This depends on what sort of cooperation there is between the artist and her fans. In theory, the fans could disagree with the artist and pick someone else’s cover version. (Perhaps it might happen for an artist who alienates their fans, which would be a kind of anti-leadership.)
In the absence of clear direction from their leader, they’d probably buy the original album or maybe stop buying altogether and listen to something else.
There’s something similar going on between a cryptocurrency protocol’s developers and everyone else who runs their code. The developers have the power to make changes as long as they don’t go too far and alienate their audience, so they decide not to upgrade.
For most software we run, we don’t scrutinize it, we just apply all updates. This is basically blind trust in a leader, and it works for them up until the point it doesn’t.