71–76 of 76 posts
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PoS blockchain like Cardano network now only consumes an energy as big as a household. They already have NFT implemented.
Cardano doesnt even have smart contracts yet, how have they implemented nfts? otherwise yes, energy usage will be dropping massively on most networks with pos upgrades.
Huh. I did not see this coming but I think this actually kind of makes sense. I think many people see being a "patron of the arts" as something very high status, and having your ownership encoded publicly seems much more status-enhancing than just having something hanging in your home. Sure, you could brag that you just bought a piece of physical art on Facebook or Instagram, but that seems a bit like showing off - m…
Maybe I'm missing the point, but doesn't this then only apply to the blockchain, and not necessarily the art? Therefore this status symbol can be applied to anything (supposedly) sacred: books, movies, sexual partners, etc. To me it may devalue art, seeing how I feel it's the NFT and not the art that people value.
For me, that doesn't carry a lot of value, but, then again, aside from things like margin notes and what not, a paper manuscript that was merely a handwritten copy of what later became a published book wouldn't carry a lot of value either. Yet, if I owned it, there may be people who would want to look at it out of curiosity, or who wanted to know the story of how I came by it, etc.
The way I think about this stuff (maybe my mental model will prove useful to you): imagine a parallel economy that only a small subset of people are plugged into. These people happen to belong to the top 5% of the "real world" economy. The lowest ranking member of this economy is your average software engineer. So if you imagine a FAANG salary as being just slightly above minimum wage in this alternate universe you c…
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What “physical” art? Doesn’t he do digital art? Anyone can just make more prints.
If you read the article it says that Beeple is sending winners of auction items with a physical titanium framed lcd screen, complete with a serial number and QR code linking to the ownership registrar, showcasing the artwork they now own.
I bought one of his "Into the Ether" NFTs[1] but now I'm in a fairly interesting position. If I prove ownership of the artwork (via a signed message from the address) then Beeple will send the physical artwork to me but it'll immediately lose a high percentage of its value (currently trading at ~$90,000 from $969 original). Right now it's owned/stored by the artist and someone buying the piece from me would be able t…
I submitted this a few days ago without any traction: https://joanielemercier.com/the-problem-of-cryptoart/ Honestly I can’t do anything but shake my head in disapproval about crypto-art (and crypto currency in general) when it involves wasting so much energy.