Long-term, I think it's legit. A few big-name artists and other popular figures (athletes, actors, etc.) will take advantage, and use it as another income source. It's pretty convenient to immediately get a large payday by selling a unique asset (think of an autographed copy), while also being able to mass distribute and sell it at scale. For example, most people don't know that rookie cards for NBA players can go for well over a million dollars. Same idea here, except it is hosted online and cryptographically proven.
In the short-term, definite mania. Relatively unknown artists are getting ridiculous amounts of money, several magnitudes more than they get on the open market with a private commission, because the supply of artists that are currently active in this market is dwarfed by the number of rich crypto speculators that are throwing money around, trying to make a profit.
In the short-term, definite mania. Relatively unknown artists are getting ridiculous amounts of money, several magnitudes more than they get on the open market with a private commission, because the supply of artists that are currently active in this market is dwarfed by the number of rich crypto speculators that are throwing money around, trying to make a profit.