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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

#72
post #34

I want to be excited about Web3 and feel I'm missing something, given how many smart minds are. But every time someone talks about NFTs on a podcast I feel there are many questions not answered. For example - Kevin Rose has minted 1000 NFT's for "membership" of his podcast VIP group. Users had to pay ~3 ETH (~$12k) for each one - but he hasn't yet told them what the benefits of holding will be, when they'll come, and…

Yes, that is speculation. But there is also great art being sold that you may feel good about owning.

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

#74
post #46

Earlier quoted context omitted.

Not surprised that this is the top comment, it seems to be the overwhelming sentiment on HN, which is unfortunate. My perspective is that it's very early for NFTs and the large majority (you included) are fixating on what you're seeing in the space today, or put differently, you're being shortsighted. Mark your comment down and revisit it in a few years, having an opinion on the sidelines is just fine. Now let the do…

I don't see how promoting artificial scarcity is going to become a good idea in a few years. Just because the implementation is shit nowadays doesn't mean we should be happy to see better implementations in the future.

I'm a hobbyist photographer. I have been publishing my photographs to unsplash for the last 4 years. I have over 100 photos on Adobe contributor. The former has delivered me ZERO inbound or monetary value, just over 3 million downloads of my work. The latter has given me returns I could buy coffee with.

NFTs open a new World of opportunity for me. Not only can other humans easily collect, and compensate me for my work, I also have a whole new stream for consuming royalties. Now think further about the ecosystem potential and all the third parties that consume my unsplash content for free today, NFTs can change that.

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

#75

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).

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FYI, the down arrow is not an indication of agreement, it is an indication of quality. If you disagree with me, at least have the common courtesy to comment.

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It's a shame the acronym NFT has become synonymous with digital images. As a concept it's a huge idea with so much potential. The issue is people now hear NFT, and their mind shuts down thinking it's some stupid monkey picture thing.

Everything you can do with an NFT, you COULD do with a centralized database. The problem is then you have to trust that database. You have to trust the person running it, you have to trust they will still be in business, you have to trust the person running it will allow other people to connect to it (or get stuck in their walled garden).

We're pretty far into this Web 2.0 experiment with centralized services. The experiment is over, the results are in. We can't trust them.

Does decentralization solve all problems? No absolutely not. Does it have a whole new set of problems? yes, but hopefully we can work through most of them. To me, the trade off of a more open ecosystem is worth it. If email was created in Web 2.0 it probably would have been stored in a database, and there would be little accessibility outside whoever created it. It would look like whatsapp.

What NFT's give us, is the ability to own a unique digital assets in an open system and not have to rely on ad driven business models. It's a digital asset which can be ANYTHING.

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

#76

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).

Not surprised that this is the top comment, it seems to be the overwhelming sentiment on HN, which is unfortunate. My perspective is that it's very early for NFTs and the large majority (you included) are fixating on what you're seeing in the space today, or put differently, you're being shortsighted. Mark your comment down and revisit it in a few years, having an opinion on the sidelines is just fine. Now let the do…

[deleted]

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

#77

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…

Clearly people believe it's something more than what you're saying, for some reason. I have no problem with the concept of collectibles and collectors. But "collectibles, but on a blockchain" doesn't warrant the current levels of mania and "entrepreneurial" exploitation.

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

#78

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 nee…

Need on the side of issuers obviously exists, they can make money. At the same time we see that most of the potential users, such as gamer community at large, are overwhelmingly against NFTs. So this need is clearly being manufactured, which can succeed or not, remains to be seen.

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

#79
post #56
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…

>The background of the artist and the piece's history is what gives it value That, and the fact that there is only one, it's not digital, and it can be authenticated (and also the artist is dead, so it is guaranteed there won't be any more). The "value" of an NFT is that there is only one unique occurrance of it in a pile of bits called a blockchain. It is very hard to hang it on a wall. Web3: not satisfied with the…

In many ways it feels like we are recreating DRM, which was something that we weren't happy with as consumers, but this time: "It's different because it's crypto and I can make money on it".

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

#80
post #30

Earlier quoted context omitted.

You see that it was minted by Wallet X, which the artist has confirmed is theirs. The image it's pointing to is irrelevant. You're buying a unique digital signature. Is it inherently valuable? No, but it's scarce. There's only one such entry on the blockchain and it can only be owned by one wallet at a time.

Right. You just ask the artist. And if you don't care who the artist is, then you can always buy the replica.

Yes, and I think a lot of people don't understand what they're buying and are just blinded by the hype. However, what gives say an NFT of one of Tyler Hobbs generative art paintings value is the fact that it was issued by Tyler Hobbs as part of his Fidenza collection. A random person uploading the same painting wouldn't be worth much if anything, unless the person buying it was tricked into thinking it was part of the original collection.
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