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NFT Replicas: An app to mint a replica of virtually any NFT

nftreplicas.net

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Re: NFT Replicas: An app to mint a replica of virtually any NFT

#11

Post by me_me_mu_mu »

lettergram wrote: post #8

I have to be honest. I view NFTs as one of the dumbest things to come out of the crypto space. I see the use cases, but frankly I don’t think it’s innovative nor does it solve something in a really unique way. Part of the point of digital assets are that they can be copied. If you don’t want to copy them, you can validate with the issuing authority (which is virtually all NFTs as it is).

It makes for mega cringe lords like Gary Vee. Dude is like 60 and dresses like a Fortnite teenager so he can peddle NFTs to kids as an investment strategy. I always found him to be annoying and the NFT space basically confirmed it.

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#12

Post by andybak »

Kiro wrote: post #10
danuker wrote: post #3

I was about to praise this tool for exposing the artificial scarcity that are NFTs. It is trivial to mint your own copy. Then I read the following in the FAQ: > The price for a replica starts at 0.001 ETH. Each time a particular NFT piece is replicated, its next replication cost will double. So be sure to replicate popular pieces early!

They are not copies though. They are replicas. The original is still unique. You're buying an entry on the blockchain and the scarcity of that is real.

> the scarcity of that is real.

Scarcity on it's own does not equal value. The value comes either from social consensus or direct utility.

Real numbers are scarce. There's only one of each.

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#13

Post by noutella »

seibelj wrote: post #9

Prints are a near-perfect replica of any painting, and also professional forgers routinely copy works of, or create original works of, major artists in order to make a lot of money. However prints are typically worth a fraction of the original work, and the moment a forged painting is discovered its value plummets. The value of the NFT is not primarily in how it looks. The value of the NFT is in the provenance, the h…

Tbh, a large part of the art market can indeed be called a scam that only exists as a tax evasion opportunity. Maybe that shouldn’t be the template for the so called Web3.

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#14

Post by delecti »

cfstras wrote: post #2

> The price for a replica starts at 0.001 ETH. Each time a particular NFT piece is replicated, its next replication cost will double. So be sure to replicate popular pieces early! So who gets the replication fees? Is this just a cash grab by the authors of the site?

My understanding is that minting an NFT always costs money (gas fees that go to the broader mining network to pay the miners for doing the processing). So the cost isn't solely for the benefit of the website maintainers, though I'm sure they're taking a cut too.

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#15

Post by AnIdiotOnTheNet »

danuker wrote: post #3

I was about to praise this tool for exposing the artificial scarcity that are NFTs. It is trivial to mint your own copy. Then I read the following in the FAQ: > The price for a replica starts at 0.001 ETH. Each time a particular NFT piece is replicated, its next replication cost will double. So be sure to replicate popular pieces early!

They also have:

> Why can't I replicate a replica?

> Do you want black holes? Because that's how you get black holes.

Pretty sure the pricing is part of the whole joke[0]. It sounds an awful lot like the fictional cryptocurrency I came up with: https://news.ycombinator.com/item?id=26120703

[0] God I do hope it is a joke

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#16

Post by 58x14 »

I love this. What a great way to show, not tell. The FAQ is brilliant:

  "Why would I want to create a replica?"

  Many NFTs have [rocket emoji] in price and are not affordable for most people. This allows you to still own a replica of a famous NFT. Think of it like an exact print of a favorite piece of art. The source of the NFT will be exactly the same as the original and it will even show up in your crypto wallet.

  "How much does it cost?"

  The price for a replica starts at 0.001 ETH. Each time a particular NFT piece is replicated, its next replication cost will double. So be sure to replicate popular pieces early!

  "Why can't I replicate a replica?"

  Do you want black holes? Because that's how you get black holes.
Who would have thought these three letters could be so controversial? I see both incredible promise and terrible trends, hallmarks of a 'new' technology.

This reminds me of the 'save as' art theft meme.

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#17

Post by Alex3917 »

lettergram wrote: post #8

I have to be honest. I view NFTs as one of the dumbest things to come out of the crypto space. I see the use cases, but frankly I don’t think it’s innovative nor does it solve something in a really unique way. Part of the point of digital assets are that they can be copied. If you don’t want to copy them, you can validate with the issuing authority (which is virtually all NFTs as it is).

> I view NFTs as one of the dumbest things to come out of the crypto space.

To understand the space, you need to come to terms with the fact that asking "is this a legitimate human need" isn't a useful or relevant question. Instead, you need to ask, "for people who are already demonstrating that they have this human need, does this technology enable that need to be met more efficiently."

You might think the human need isn't legitimate, and it might not be legitimate, but if you think that way you're going to miss what's happening.

It's the same as the lesson from the Paul Graham and Fred Wilson AirBnB exchange, where just because you personally don't have the need doesn't mean that the need doesn't exist.

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#18

Post by douglaswlance »

A Michael Jordan rookie card is worth tens to hundreds of thousands of dollars depending on grade. If I print a Michael Jordan rookie card onto cardstock, it will be worth basically nothing. The reason that something is valuable to collectors is the social contract between creator and recipient.

The value in NFTs exists by that same social contract. You can't ignore that relationship when criticizing them, otherwise you're attacking a strawman. Try attacking a steelman argument for NFTs, and you may actually convince some proponents.

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#19

Post by danuker »

Kiro wrote: post #10
danuker wrote: post #3

I was about to praise this tool for exposing the artificial scarcity that are NFTs. It is trivial to mint your own copy. Then I read the following in the FAQ: > The price for a replica starts at 0.001 ETH. Each time a particular NFT piece is replicated, its next replication cost will double. So be sure to replicate popular pieces early!

They are not copies though. They are replicas. The original is still unique. You're buying an entry on the blockchain and the scarcity of that is real.

How can you tell the whether a given piece is original? You'd have to build a database of all NFTs in order to check. And perhaps the new image is slightly altered making it original.

Re: NFT Replicas: An app to mint a replica of virtually any NFT

#20

Post by andybak »

seibelj wrote: post #9

Prints are a near-perfect replica of any painting, and also professional forgers routinely copy works of, or create original works of, major artists in order to make a lot of money. However prints are typically worth a fraction of the original work, and the moment a forged painting is discovered its value plummets. The value of the NFT is not primarily in how it looks. The value of the NFT is in the provenance, the h…

Ah. The "NFTs are no more silly than the traditional art world" argument. ;-)

Joking aside - NFTs have more in common with concepts of intellectual property than they do physical works of art. Physical objects have scarcity for mostly physical reasons. IP and NFTs have scarcity because we've decided they should.

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