Earlier quoted context omitted.
Such as?
An obvious one would be permissionless lending/borrowing (Aave or Compound)
Not obvious as far as I can see. Just moving cryptocurrencies around isn’t necessarily useful.
NFT Replicas: An app to mint a replica of virtually any NFT
291–297 of 297 posts
Re: NFT Replicas: An app to mint a replica of virtually any NFT
#292Earlier quoted context omitted.
But do digital goods in games really justify the Web2 -> Web3 iteration? Compared to Web2 bringing us Gmail, Maps, Facebook etc, feels a little anemic so far.
Yeah it’s pretty terrible so far I agree. My hunch is that crypto is focusing on the wrong things. I suspect we’ll never have land registers in blockchain (dumb idea anyway). In NFTs crypto kind of stumbled upon something important, because digital art didn’t have a way to be authenticated by artists themselves, they had to use galleries, it was a mess. Now a digital artist can just drop his stuff onto the world and…
> But digital art was really hard to monetise.
Is it though? Honest question since I'm not an artist. But looking from the outside: For ongoing support, Patreon/Flattr/etc. are a common solution. For specific work, you can commission a piece and pay for it through whatever channel, even with cash.
Re: NFT Replicas: An app to mint a replica of virtually any NFT
#293I 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…
FYI, downvoting to disagree has always been ok on HN and the mods have reiterated that many times; first pg and then dang. Wherever you got the “down arrow is not an indication of agreement” thing, it wasn’t here.
Re: NFT Replicas: An app to mint a replica of virtually any NFT
#294Earlier quoted context omitted.
Yeah it’s pretty terrible so far I agree. My hunch is that crypto is focusing on the wrong things. I suspect we’ll never have land registers in blockchain (dumb idea anyway). In NFTs crypto kind of stumbled upon something important, because digital art didn’t have a way to be authenticated by artists themselves, they had to use galleries, it was a mess. Now a digital artist can just drop his stuff onto the world and…
> But digital art was really hard to monetise. Is it though? Honest question since I'm not an artist. But looking from the outside: For ongoing support, Patreon/Flattr/etc. are a common solution. For specific work, you can commission a piece and pay for it through whatever channel, even with cash.
It just didn’t work for individual digital art. Patreon doesn’t pay you for making art, that’s incidental. At least the way I’ve seen it used. It also creates no secondary market, there’s no resale, royalties. The possibility of making a single art piece worth 10,000$ That is impossible in patreon. Patreon was more of a decentralised art school at its best, where you could pay for individual tutors.
I also know the average income I saw being generated from Patreon was low. Not high enough to quit your day job, more of a second job type thing. NFT income is incomparable, I know of cases of people who are now millionaires.
NFTs are essentially just a way to sell digital art in a way that approximates physical art auctions, and in that regard they are an overwhelming sucess.
Re: NFT Replicas: An app to mint a replica of virtually any NFT
#295Earlier quoted context omitted.
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.
Jeans and tshirt?
I'm worried about what I'll have to start wearing once I turn 46. Maybe a cardigan, or a vest?
Re: NFT Replicas: An app to mint a replica of virtually any NFT
#296Earlier quoted context omitted.
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?
It’s both. The artist registers an .ETH name and/or puts their wallet address on their profile, and the NFT proves that the artist originally created the smart contract, and/or minted the NFT, and is now owned by the user, shown on the chain.
Re: NFT Replicas: An app to mint a replica of virtually any NFT
#297Earlier quoted context omitted.
And by "owning" what's meant is a signed hash of some URL that fits in a few kilobytes at most.
What do you think is it about those few kB on the chain that you think people do own? Can't those bytes be also easily copied?
Nothing. I'm an unabashed NFT hater/skeptic if it wasn't immediately obvious