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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

#111

Post by hatware »

swalsh wrote: post #75
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).

/* 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. */ 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…

You get it. Everyone who says this is "dumb" said the internet, Facebook, Instagram, or Tik-tok was dumb too. Yet here they are.

Kinks need to be worked out, sure, but in ten to fifteen years artists will not be beholden to corporations. That is something to work towards and be very proud of.

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

#112

Post by kilroy123 »

me_me_mu_mu wrote: post #11
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.

It's comments like this, which reaffirm my fears of staying in this industry for too long.

I'm only in my mid-30s but I'm deathly afraid to stick around to see what the mid-40s or 50s will be like.

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

#113

Post by moksly »

douglaswlance wrote: post #18

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…

It’s sort of the same, but what I don’t get is how things like that rainbow cat and other famous internet pictures are NFTs. I mean, if the picture was around for twenty years before it became a NFT, then how is the NFT the “original”.

Going that line of thought, what happens if two people make the same picture into a NFT?

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

#114

Post by hn_throwaway_99 »

falcolas wrote: post #67
boatsie wrote: post #40

Earlier quoted context omitted.

I had this opinion too, but if you think about something like trading cards or any other “limited” collectibles that were mass produced, rather than one of a kind art, it’s sort of the same thing with regards to artificial scarcity.

NFTs aren't trading cards. They're receipts showing that you "own" the card on display in the public square. And more than one receipt can be minted for that card. The most you can hope for is the earliest timestamp on the receipt.

I think NFTs are bullshit, but I don't think the "And more than one receipt can be minted for that card" is as much of a problem as people think it is.

For example, it wouldn't be hard for an artist to publish a video saying "Hey folks, this is my public key, and these are the NFTs for these pieces of art", and then publish that video in multiple forums like Twitter, YouTube, etc. Then if someone tried to come up with different NFTs for the same pieces of art, the NFT holder could just point to the video (and, as you say, if the artist was malicious and tried to dupe his own NFTs, the earlier one would win).

This kind of "identity validation" is all over the cryptography space already - that's basically how Keybase proofs work. Heck, lots of HN commenters put their proofs in their HN account signatures.

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

#116

Post by mc32 »

kranke155 wrote: post #106
mc32 wrote: post #85

Earlier quoted context omitted.

To me NFTs are like selling “rights” to stars in galaxies far away. It’s nice that you can say you “own” your very own star as stipulated by the star rights granting corporation, but in reality it means nothing other than you can say so… but I can claim a million other stars without needing a corporation and no one can take them away from me but also anyone else can make a claim on the same stars.

True but what if in buying those stars you were supporting space research? That’s all NFTs are right now - a novel way to invest in artists. And that’s remarkable, and good enough for me.

That’s fine, but in many cases people believe these are investment instruments rather than seeing them as a donation. If these purveyors made it clear these were Donations, then yeah, that’s okay.

Maybe Wikipedia can sell NFYs to “articles” and avoid the donation button?

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

#117

Post by hatware »

selectodude wrote: post #7
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?

It's crypto. The entire idea is a cash grab.

It's technology. If people want to use it as a cash grab. So be it.

If people want to do more with it, they can do that too.

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

#118

Post by blueski »

costcofries wrote: post #74
pyrale wrote: post #46

Earlier quoted context omitted.

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 wor…

In what sense do the purchasers of your NFTs have "ownership" of your work - what could they do with it that I could not, and how is this legally enforced? If NFTv2 comes out in a year with 10x the financial rewards, will you commit to not offering the same pieces again?

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

#119

Post by costcofries »

abduhl wrote: post #105
costcofries wrote: post #74

Earlier quoted context omitted.

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 wor…

Then put your hobby where your mouth is. Pull all of your photos from the past 4 years from unsplash and mint NFTs for them.

That's exactly what I'm doing :)

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

#120

Post by AnIdiotOnTheNet »

Kiro wrote: post #89
AnIdiotOnTheNet wrote: post #63

Earlier quoted context omitted.

But anyone can create infinite ledgers and create their own entries on those ledgers all day. Snowflakes are unique too, but that doesn't mean any of them are particularly valuable.

What matters is who issued it. If you buy an NFT of a Tyler Hobbs painting it's valuable because it was minted by Tyler Hobbs. That one is on one ledger only and even if he himself starts putting it on multiple ledgers it would devalue itself naturally. It's all a social construct.

Sure, if you're going to argue from a position of economic nihilism that the only value anything is determined by what some idiot is willing to pay for it, then you can call that NFT valuable. That isn't much of a discussion though is it? Since I could also call Beanie Babies and tulip bulbs valuable. If I give my friend $100 for a red paperclip and he gives me $100 for a green paperclip could say those paperclips were worth $100.
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