The NFT market bubble has popped?

Post by vmception » Thu, Jun 03, 2021, 4:43 PM UTC

habosa wrote: post #20

NFTs are dumb however some of the NFT markets have one cool thing that I hope sticks around: the artist gets a cut of all future sales. If you sell your NFT art for $10 and then someone resells it for $1M, you will get some percentage of the $1M. We've all heard the stories of "collector buys 10 Jackson Pollock's for $10 in the 70s, sells the collection for $100M today". Wouldn't it be nice if the artist could benefi…

Post by cturner » Thu, Jun 03, 2021, 4:46 PM UTC

bhandziuk wrote: post #227

cturner wrote: post #95

Earlier quoted context omitted.

"the NFT hype never made any sense whatsoever to begin with" I felt the same, but now regard NFTs as the first meaningful application of blockchain. First, let's talk about land registries. In developed countries, the state administers a land registry. There is a strict, human-administered API against this registry. It allows users to inspect the full history of land; cause property splits/mergers; execute land excha…

> It would be pointless to duplicate artwork, because the sold duplicate would effectively destroy the original If someone cares about having a piece of art badly enough to steal it or create a fake do they care at all about what an NFT says about who owns it? I think we live in a world where holding the real thing in your real hands is all that matters.

Post by _1tan » Thu, Jun 03, 2021, 4:50 PM UTC

vmception wrote: post #259

erulabs wrote: post #252

The overwhelmingly negative attitude towards technology on HN lately is upsetting and nauseating. If you don’t like NFTs, don’t buy them (I don’t). If you don’t like some startups product, don’t sign up. In the Boom thread there are people suggesting it’s fraudulent that they’ve taken longer than originally suggested to build supersonic aircraft. I’d very much like to know who elected the naysayers. There are tons an…

As someone that did some contributions to the ERC721 NFT standard, I am completely enamored with the unexpected and robust direction the market took NFTs and their platforms I would pretty much never pay for one, but I love claiming NFTs! I have a nice little gallery now too. I also find it weird that people can’t separate that, it’s obviously their uncomfortable relationship with money that both got their attention…

Post by vmception » Thu, Jun 03, 2021, 4:56 PM UTC

_1tan wrote: post #265

vmception wrote: post #259

Earlier quoted context omitted.

As someone that did some contributions to the ERC721 NFT standard, I am completely enamored with the unexpected and robust direction the market took NFTs and their platforms I would pretty much never pay for one, but I love claiming NFTs! I have a nice little gallery now too. I also find it weird that people can’t separate that, it’s obviously their uncomfortable relationship with money that both got their attention…

How can one claim an NFT without buying it?

Post by foobiekr » Thu, Jun 03, 2021, 5:13 PM UTC

erulabs wrote: post #264

foobiekr wrote: post #254

Earlier quoted context omitted.

I challenge the idea that the negativity is about “technology.” The negativity appears to be about bogus businesses built on hype, fraud, exploitation, rigged demos, completely fictional timelines, and bogus business models that have come to dominate what we call the tech industry. Fraud is actually more common in “tech” than it has ever been. It has huge repercussions for everything from start ups to large companies…

By not sitting in judgment of other people’s decisions which are totally unrelated to me, I am far from “opting out”. I am not the arbiter of what is right, and neither is anyone on earth. c'est la vie