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Let’s talk about something I’ve been chewing on recently — the Getty Images (GETY) and OpenAI partnership that sent GETY spiking 184%. Now, if you’re thinking this is just another crypto hype story, hold on…
This is actually about using technology the way it was always meant to be used.
Four years ago, we watched the NFT mania unfold. People were paying millions of dollars for digital monkeys with timestamps. It was complete and utter stupidity. The application was moronic, no question about it.
But the idea behind NFTs was always solid. NFTs were designed to allow artists to create digital signatures and timestamps on their work so nobody can steal non-tangible property. That purpose was brilliant, even if the early execution was a circus.
The Real Purpose Behind NFT Technology
So what’s the actual purpose of NFTs? They were built to protect creators by marking digital work with verifiable signatures that prove authenticity. Think about it — if somebody tries to steal digital artwork, it becomes very easy to see the theft.
You wouldn’t have to search the entire internet hoping your picture shows up on a million different sites.
That’s the vision. And now, finally, Getty Images and OpenAI are going to start using NFTs the way they were meant to be used — to track private, personal, proprietary, non-tangible artwork and information.
Here’s how this works in practice. If somebody buys a real Picasso, they can put a digital timestamp and digital stamp on it that authenticates the artwork. This creates a structure for artwork to be tagged so nobody gets ripped off, people don’t make duplicates, people don’t steal from you and it’s easier for insurance to track things.
Why This Changes Everything
The difference between the digital monkey craze and what’s happening now is critical. This isn’t about taking a worthless picture and making it priceless — it’s about taking priceless pictures and putting a stamp on them so they can be recorded and protected.
The purpose is to protect authenticity, not to upcharge you on a useless monkey that’s not worth anything. That’s what makes this partnership so significant.
And this is just the beginning. The infrastructure that’s being built right now will touch everything from fine art to digital media to proprietary content. Almost every asset will become regulated this way.
You’ll be able to track things better. Less insurance fraud. Better protection of intellectual property. The systems being put in place will reshape how valuable assets — physical and digital — are authenticated, verified and secured.
Finally, we’re seeing NFT technology used the right way. Not for hype and scams. Not for speculation on worthless digital collectibles. But for what it was always intended to do — protect creators and authenticate valuable assets.
That’s why the Getty partnership with OpenAI matters. It’s not just another tech deal. It’s the foundation for how non-tangible property will be protected, valued and traded going forward.
I hope that helps!
Roger Scott
Roger Scott Trading
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