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NFTs Were Supposed to Protect Artists. They Don't

theatlantic.com

1–10 of 15 posts

Re: NFTs Were Supposed to Protect Artists. They Don't

#2
The co-creator of NFTs (a precursor) joins the creator of Godwin's Law in having to explain how twisted people got about their creations. I was surprised to see Anil Dash's name in the byline. I had no idea he had a part in creating a precursor to NFTs.

Re: NFTs Were Supposed to Protect Artists. They Don't

#5
post #3

No, NFTs were supposed to be the ultimate tax evasion trick for the rich.

how does that work? genuinely curious. so sure, its a fake investment where you can hide money from the irs..but if actually does turn out that no one wants to 'buy' your number for 5m what have you gained?

Re: NFTs Were Supposed to Protect Artists. They Don't

#6
post #2

The co-creator of NFTs (a precursor) joins the creator of Godwin's Law in having to explain how twisted people got about their creations. I was surprised to see Anil Dash's name in the byline. I had no idea he had a part in creating a precursor to NFTs.

It's because it's somewhat of a stretch to draw what he did to the actual history of the NFT ecosystem in crypto (and no one in crypto considers him a "co-creator" of NFTs).

Re: NFTs Were Supposed to Protect Artists. They Don't

#7
post #6
post #2

The co-creator of NFTs (a precursor) joins the creator of Godwin's Law in having to explain how twisted people got about their creations. I was surprised to see Anil Dash's name in the byline. I had no idea he had a part in creating a precursor to NFTs.

It's because it's somewhat of a stretch to draw what he did to the actual history of the NFT ecosystem in crypto (and no one in crypto considers him a "co-creator" of NFTs).

[deleted]

Re: NFTs Were Supposed to Protect Artists. They Don't

#9
post #3

No, NFTs were supposed to be the ultimate tax evasion trick for the rich.

how does that work? genuinely curious. so sure, its a fake investment where you can hide money from the irs..but if actually does turn out that no one wants to 'buy' your number for 5m what have you gained?

[deleted]

Re: NFTs Were Supposed to Protect Artists. They Don't

#10
Virtually all of the artists I know despise NFTs (and by extension the rest of the cryptocurrency ecosystem), largely because of the absolute deluge of fraudsters stealing art and selling it as NFTs without the creators seeing a dime. It's absolutely infuriating to see and does little to modify my view that the primary value of cryptocurrency is to facilitate crime.
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