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With it there are 4 Dune "movies" out: the 1984 Lynch version, the 2000 Sci-Fi Channel one (a 3 part mini series, nearly a movie), the aforementioned 2013 one, and of course the 2021 Villeneuve one.
> “We can’t just scan it and put it on the internet,” Fang said. But by raising the money as a DAO, Fang said they hoped to show the various estates and stakeholders that there is a massive online interest in making the bible more accessible to the public. https://www.buzzfeednews.com/article/amansethi/spicedao-dune... I don't know what they're doing, but it seems that they are at least a bit aware that they don't ow…
Now it will be hosted on some other server as well (THE REAL DECENTRALIZED SERVER) but wrapped into some NFT, where they will sell each page - or even better - each square of the storyboard, coated into some fucked up story like:
"You can own a piece of a future TV Show based on this story board!"
And they will probably come out profiting because people will buy this illusion.
Edit: From a quick Google search there's around 3000 drawings, so 3000 NFTs at some absurd price that people will want for a piece of the pipe dream. They didn't even had to pay an artist or create a story this time around...
Beeple sold 5000 renders for 69 million.
My favorite part of this story is that they DAO has actually raised ~$8m, spent $3m on the book (10x the expected auction price), then the "core team" has started paying themselves ~$30k a month[0]. Also, how is this "decentralised" when one person owns over 50% of the voting token? [0] https://snapshot.org/#/dunedao.eth/proposal/0x2038fc240d0e85...
I made the mistake of diving a bit deeper into the group who bought it and found a proposal where they are talking about literally burning the book they just bought after digitizing it for … reasons I guess [0] At this point I just hope its some sort of practical joke or whatever because this just seems a bit much. [0] https://forum.spicedao.xyz/t/nft-of-the-book-w-proof-of-jpeg...
2 things confuse me about this. 1. This was a normal auction and not an NFT one. How is a DAO enforced in this case? What happens if the nominated bidder decides to go rogue and bid more or less than the decided cap? What happens if the price of Ethereum drops to the point that the DAO is no longer able to find the 2.6M they need? 2. If this is an auction then there has to be another bidder (I doubt even the people i…
Who was the seller? Where did the 2.6 million come from? How many other bidders were there? What was the auction model used? How are they going to recover the investment now? And if they won't how will they deal with the write-off? So many questions...
> Where did the 2.6 million come from? Crypto gains (scammy or otherwise), NFT sales, etc. The phrase 'cryptobros' is used to refer to people who got rich off of crypto shenanigans.
They bought a rare Dune storybook, created by an all-star team of artists (Jodorowsky, Moebius, HR Giger, ...). I think that storybook was used to pitch the concept art to Movie Producers and Studios. To make this easier to understand, substitute "Dune book" with "Gutenberg Bible" or, even better, "historic, ultrarare, pre-medieval parchment of a Bible translation". The new owners of that Bible probably do not think…
Earlier quoted context omitted.
Sounds like a great way to launder money
Spending €2.6M on something worth €26,000? Sounds like a crappy return to me.
> “We can’t just scan it and put it on the internet,” Fang said. But by raising the money as a DAO, Fang said they hoped to show the various estates and stakeholders that there is a massive online interest in making the bible more accessible to the public. https://www.buzzfeednews.com/article/amansethi/spicedao-dune... I don't know what they're doing, but it seems that they are at least a bit aware that they don't ow…
>I don't know what they're doing Now it will be hosted on some other server as well (THE REAL DECENTRALIZED SERVER) but wrapped into some NFT, where they will sell each page - or even better - each square of the storyboard, coated into some fucked up story like: "You can own a piece of a future TV Show based on this story board!" And they will probably come out profiting because people will buy this illusion. Edit: F…
They can't, of course, sell the images themselves; they don't hold the copyright. But they can sell URLs referring to the content.
That's pretty clever. I mean it's super dumb, but it's clever.
By that I mean that an NFT whose content is an URL to an image you don't own, is dumb. But it's clever to "mint" these, and you'll find more fools to buy the NFTs if you give the appearance of legitimacy.
In other words: They have no more rights to sell NFTs for the contents than I do, but they'll be more successful at implying to buyers that they do.
The most interesting thing about NFTs (and most blockchain tech) is the question "is this actually fraud, or is it merely stupid?". It's philosophy about the meaning of "fraud".