'Don't trash Bowie's legacy like this.'
"No — don't trash Bowie's legacy like this," another user implored.
As ghoulish as the prospect of using Bowie's estate to sell NFTs may seem, another Twitter user pointed out that these NFTs appear to be a "logical extension" of another, mostly-forgotten ploy the superstar undertook when he was still alive.data standards expert Terence Eden posited that in 1997, Bowie had "invented the NFT" with his Bowie Bonds, which "allowed you to directly invest in an artist's catalogue and receive royalty payments based on their sales.
The concept, as Eden outlined, held promise. By paying money for shares of a given artist's catalogs, folks like Bowie could use the proceeds to buy back their masters. Whenever one of the artist-owned songs is sold and played, they get paid — and so, too, would the investors.
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