Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

What is an NFT from an artist’s perspective?

alex-pardee.medium.com

Post reply on HN
Print view View original

21–30 of 89 posts

Re: What is an NFT from an artist’s perspective?

#21

Post by dorkwood »

egypturnash wrote: post #15
eigenvalue wrote: post #12

Earlier quoted context omitted.

In my project, we use robust near-duplicate image detection based on image fingerprints that are generated from deep learning models. So if an image has already been registered on our system, no one else can register it.

Do you have a system in place for an artist to say “hey some asshole registered my art before I even heard of your project, no seriously, here is a screen grab of it in the editor/a closeup of the canvas/some other snippet of the Original File”?

If a "behind the scenes" screenshot outweighs an NFT in terms of proving authenticity, then why are we making NFTs in the first place?

Re: What is an NFT from an artist’s perspective?

#23

Post by woleium »

PragmaticPulp wrote: post #16

NFT sellers are dodging the elephant in the room: Buying an NFT is more like buying a print of an artwork than buying the artwork itself. Or more accurately, a link to a print of the artwork. Yes, using crypto and blockchain you can prove that this was the first NFT print of the artwork, but that's it. It's an expensive way to proclaim that you have the keys controlling the NFT that links to the print of the artwork,…

This is the traditional way to launder money with art, only now much easier!

Re: What is an NFT from an artist’s perspective?

#25

Post by arduinomancer »

I think the reason it doesn’t make sense is that when you buy art IRL you actually own the original which can’t be duplicated.

This is not true of a JPEG. I can perfectly duplicate it.

Now where it might make sense is if everyone views the asset through an authoritative “viewer”.

For example cryptokitties website.

In that case it somewhat makes sense.

As an analogy if I create a private World of Warcraft server and give my character a billion gold, no one cares.

But if they see my character on the official server (the official “viewer”) has a billion gold then its impressive.

Re: What is an NFT from an artist’s perspective?

#26

Post by __s »

Does anyone know where to find resources on how taxation works with NFTs? I'm in Canada. My understanding is the seller is supposed to pay 13% HST. Do they also have to consider it income, or does that only happen when transferring back to fiat?

Reading https://www.canada.ca/en/revenue-agency/programs/about-canad... it says "trade or exchange cryptocurrency, including disposing of one cryptocurrency to get another cryptocurrency" but are NFTs considered an asset rather than a security? (cryptocurrency isn't considered currency)

Not sure how taxes work out fair market value of art

Re: What is an NFT from an artist’s perspective?

#27

Post by eigenvalue »

egypturnash wrote: post #15
eigenvalue wrote: post #12

Earlier quoted context omitted.

In my project, we use robust near-duplicate image detection based on image fingerprints that are generated from deep learning models. So if an image has already been registered on our system, no one else can register it.

Do you have a system in place for an artist to say “hey some asshole registered my art before I even heard of your project, no seriously, here is a screen grab of it in the editor/a closeup of the canvas/some other snippet of the Original File”?

Yes there will be a decentralized mechanism for posting essentially a “petition for relief” where they can lay out their case, but it will be optional and at the discretion of the operators of the “masternodes” in the system whether to grant relief. If the petitioner can attract enough votes then it would nullify the original registration. Anyone can operate a masternode but it requires locking up a lot of the coin to prevent Sybil attacks.

Re: What is an NFT from an artist’s perspective?

#28

Post by grenoire »

dorkwood wrote: post #10
jarofgreen wrote: post #9

Q: What's to stop me taking sometime else's art I find online, claiming it's mine, turning it into a NFT and making money from it? A: Absolutely nothing ... I think?

This guy made a few hundred thousand by doing just that. https://mobile.twitter.com/muratpak/status/13585748601721569...

Jesus Christ...

Re: What is an NFT from an artist’s perspective?

#29

Post by lasagnaphil »

woleium wrote: post #20
lasagnaphil wrote: post #11

Proof of authenticity, whether being digital or not, doesn't mean anything until 1) the culture of the general people around you support it, or 2) there is an entity with political power (such as the state) that forcefully protects that authenticity through law/police/the military/etc (for example, intellectual property supported by law enforcement). But firstly I think NFTs are totally antitheical to the current cul…

Who cares who owns the Mona Lisa, when I can see it online better than I can in real life (infrared imagery, x-ray scan) As soon as "real" art collectors start buying them (already hapenening) then they will mutually invest in protecting their investment, no need for government when civil courts can preside.

First of all, civil courts are supported by the civil law, and that law is supported by the government. One example of a civil law is copyright enforcement, which is often enforced by the Supreme Court.

And also, when actual powerful entities (whether that be governments/corporations/etc) start to involve in protecting NFT investments using the law, is there any benefit of "crypto" being used to protect the value of the asset anymore? Isn't it just private property with extra steps?

I really don't think the Mona Lisa comparison doesn't fit with the current conversation with NFTs, since NFTs deal with digital assets, and trying to convert an analog artwork like Mona Lisa to fit into NFTs would already demolish its authentic value as an amalgamation of detailed, non-reproducible paint strokes (which I think is the authentic value you're emphasizing about).

Re: What is an NFT from an artist’s perspective?

#30

Post by mikeiz404 »

So when I first heard about NFTs for art it seemed pretty silly. As it is now there is nothing stopping some one from copying the digital asset and still deriving as much enjoyment strictly from that digital asset. The other added benefit strictly from the token might be as a status symbol and the ability to profit by selling that status symbol to some one else. So if you are buying the art for solely personal enjoyment then there isn’t much of a value add it seems (maybe you can acquire the digital asset again if you lose it by proving ownership of the token to some service?)

However if a DRM ecosystem pops up supporting this which adds enough friction to showing digital assets without tokens (ex a high end DRM only digital photo frame, DRM only music and video players, DRM enforced public hosting services, ...) then I could start to see how this might gain some traction. Legal enforcement would help as well.

As other comments have stated this does seem pretty antithetical to the culture of the original internet. Though that seems to be less relevant as the years march on.

Post reply on HN