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

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

#281

Post by joshmarlow »

anamexis wrote: post #96
joshmarlow wrote: post #58

Earlier quoted context omitted.

I have pretty mixed feelings about NFTs in general. But I am intrigued by the use case of allowing a large number of individuals to patron a given artist (and give them recurring income on subsequent resale of their work). All else being equal, I would prefer to live in a society where artists and other makers have time to follow their passion and create instead of spending their time on some job just to pay the bill…

> So to the extent that NFTs can enable that, I'm tentatively onboard. And what extent is that? There are plenty of ways to send money to an artist, both with crypto and without. What value do NFTs add, as far as patronizing artists?

It's possible - if not common - to setup the underlying smart contract to send some amount of funds back to the creator when an NFT changes hands. So that turns selling a piece of art once to pay the bills into selling it once and then subsequently collecting royalties (potentially indefinitely).

As far as I know, that's a pretty novel offering.

EDIT: for grammar

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

#282

Post by joshmarlow »

Hjfrf wrote: post #238
joshmarlow wrote: post #58

Earlier quoted context omitted.

I have pretty mixed feelings about NFTs in general. But I am intrigued by the use case of allowing a large number of individuals to patron a given artist (and give them recurring income on subsequent resale of their work). All else being equal, I would prefer to live in a society where artists and other makers have time to follow their passion and create instead of spending their time on some job just to pay the bill…

In the current iteration, they don't solve that problem. You still need a centralised entity to enforce ownership, making the blockchain redundant. A future attempt might be better, maybe.

You're not wrong. It's an imperfect solution right now; but it is a step in exploring what's possible. And exploratory steps are really helpful for iterating on a good solution.

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

#283

Post by kranke155 »

Gigachad wrote: post #261
kranke155 wrote: post #257

Earlier quoted context omitted.

Sure, then show me an open market where this was being done before at scale ?

Why does it have to be a market. Why does everything have to be about turning a profit. If you want computer generated art, I could show a billion examples. I could write my own function to generate a picture with no crypto technology. If your argument boils down to “show me how people made lots of money on it”, then that is just confirming what I already believe. No substance, just profiting on hype.

Sure thing Gigachad. Those darn artists are just making too much damn money! They should all live off the socialist UBI we’re so close to implementing right? Or maybe they should just live in poverty and not complain so much?

Just all these darn artists making money! How many artists salaries have you paid off this month with your salary Gigachad?

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

#284

Post by anamexis »

joshmarlow wrote: post #281
anamexis wrote: post #96

Earlier quoted context omitted.

> So to the extent that NFTs can enable that, I'm tentatively onboard. And what extent is that? There are plenty of ways to send money to an artist, both with crypto and without. What value do NFTs add, as far as patronizing artists?

It's possible - if not common - to setup the underlying smart contract to send some amount of funds back to the creator when an NFT changes hands. So that turns selling a piece of art once to pay the bills into selling it once and then subsequently collecting royalties (potentially indefinitely). As far as I know, that's a pretty novel offering. EDIT: for grammar

But at the end of the day, you're not reselling the art, you're reselling the NFT.

There's nothing that makes this capability unique to NFTs or crypto - you could sell a license to an artwork that has similar terms.

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

#285

Post by bootlooped »

suikadayo wrote: post #81
smt88 wrote: post #5

Soon you'll need a way to authenticate NFTs (prove that the one you're bidding on was minted by the advertised artist), and then you'll immediately lose the proposed benefits of NFTs -- decentralization and anonymous trust.

It’s not that difficult. Artists, original creators will write down their .eth or wallet address on their profile. Or just compare the timestamps of the creation of the smart contracts and the tokens.

If that's the case, then the NFT is no longer the thing proving authenticity, the artist is. Then what is the NFT for?

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

#286

Post by joshmarlow »

anamexis wrote: post #284
joshmarlow wrote: post #281

Earlier quoted context omitted.

It's possible - if not common - to setup the underlying smart contract to send some amount of funds back to the creator when an NFT changes hands. So that turns selling a piece of art once to pay the bills into selling it once and then subsequently collecting royalties (potentially indefinitely). As far as I know, that's a pretty novel offering. EDIT: for grammar

But at the end of the day, you're not reselling the art, you're reselling the NFT. There's nothing that makes this capability unique to NFTs or crypto - you could sell a license to an artwork that has similar terms.

> There's nothing that makes this capability unique to NFTs or crypto

Yeah, you're probably right here.

This is a slight pivot in discussion but - you're right, the proper license agreement (if enforced) would give a similar effect. And there's a strong argument that NFTs, DAOs for gathering capital, etc are just serving functions similar to Patreon or Kickstarter.

But there are a lot of projects popping up and getting varying degrees of attraction in the crypto space.

Maybe crypto isn't making many new things possible - but it might be making lots of things a little easier?

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

#287

Post by seibelj »

max48 wrote: post #242
seibelj wrote: post #239

Earlier quoted context omitted.

> With an NFT, the art itself is available to anyone, regardless of if you own the NFT. You never needed to buy an NFT to enjoy the art. The only thing of value in an NFT is the NFT itself, not the art that it represent. If the NFT is not authentic, it's a much bigger deal because now it loses all of its value, not just a portion of it. I can easily print out a high-quality Mona Lisa and put it on my wall, and I can…

>I can easily print out a high-quality Mona Lisa and put it on my wall, and I can enjoy it, but I wouldn't pretend I own it. Even a half blind person would tell you the print doesn't look anything like the painting. If you want something that looks close to the really thing, it's difficult to make. There is modern art that would be cheap/easy to replicate (eg. a blank canvas made by artist trying to create a debate a…

As I stated before, the art is less important than the proof of ownership. The creator says, “This is the contract. There are only this many. All others are fake.” And for whatever reason I like the creator and want to own it. Just like a perfect print simply isn’t the real thing, I don’t want the saved image, I want the real NFT.

And again, you are fully allowed to disagree, I’m trying to explain the mentality of the NFT purchaser and it’s similarity to the physical art world.

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

#288

Post by SideburnsOfDoom »

echelon wrote: post #50
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.

They're limited in the sense that pogs were limited. When Kellog's is making NFTs, it devalues the entire platform. Trading cards aren't a fitting analogy, because only a few companies were/are in that business, and they each ran specific product lines. They're more similar to old lego sets in that sense. NFTs are pogs.

> Trading cards aren't a fitting analogy, because only a few companies were/are in that business

The irony is that being digital, bits not atoms, make it easy to make copies.

Oh you invented digital scarcity?

Now you have 1000 copies of the "digital scarcity" business.

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

#289

Post by piaste »

seibelj wrote: post #21
noutella wrote: post #13

Earlier quoted context omitted.

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.

However even HN must admit the art world is a real industry, with a lot of big money players, and the reason things have value is not in the quality of the art. I see the same argument rehashed over and over, and it's the same reason HN as a collective never understood or embraced crypto in general - a total lack of understanding combined with a total lack of imagination.

> However even HN must admit the art world is a real industry, with a lot of big money players, and the reason things have value is not in the quality of the art.

If your standard is 'there is lots of money in it, therefore it is cool & good and should be embraced' then sure, I will freely admit that both contemporary art and NFTs pass that standard. So do televangelism, diamonds, and robocalls.

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

#290

Post by miracle2k »

AnIdiotOnTheNet wrote: post #254
miracle2k wrote: post #241

Earlier quoted context omitted.

Digital things will never be able to reproduce the physical qualities of objects. Yet digital art exists and can be appreciated. And if you appreciate it enough, buy the NFT the artist has for sale.

Or just give the artist some money and not waste any resources minting a worthless NFT?

Use a PoS chain and it's an entirely harmless activity from an energy-perspective, no more concerning than posting on HN.
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