I see it mainly as a way of supporting the work of an artist
For most NFTs the artist sees no part of the profit whatsoever beyond the first sale.
What is an NFT from an artist’s perspective?
41–50 of 89 posts
Re: What is an NFT from an artist’s perspective?
#42NFT 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,…
Well, kinda. Art is a quirky way to use an NFT for sure. But being able to verify scarcity, ownership and interoperability of a 'digital asset' is pretty useful in many applications. Afterall, everyones been saying everything is going online but i don't believe we truly understand what that means yet.
Re: What is an NFT from an artist’s perspective?
#43Earlier quoted context omitted.
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 t…
That doesn’t seem to be a very confidence inspiring answer to deal with fraud.
Re: What is an NFT from an artist’s perspective?
#44It has all the hallmarks of an MLM or Ponzi scheme. Lots of people hyping it up, hoping to sell on their "asset" to a bigger fool. You can't restrict ownership of digital goods. Decades of DRM have shown us that.
The DRM comparison is one I was dying to see. This NFT stuff feels like the returning nemesis of open culture from previous web sub-eras. I hardly want to own a work. Take it, build on it, sing it somewhere with someone else who likes it.
Re: What is an NFT from an artist’s perspective?
#45NFT 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,…
Not sure about the first point, after all with digital art what matters is the NFT since anyone can copy the artifact 1:1 at virtually no cost and no risk. I agree with many that NFTs are best suited for digital worlds but that begs the question: what happens if the game is centralized? They can still prevent you from actually having or using that item, regardless of any proof of ownership. Re: wash trading, that als…
What prevents people registering a new NFT for the same work? Provenance might not be easily justifiable purely by date it was created.
Re: What is an NFT from an artist’s perspective?
#46>For example, I had a friend who worked in fiber-optics and phone lines. He once tried to explain to me how a phone call worked and I almost threw up. Instead, I just accepted that it DOES exist
This explanation of "the" blockchain almost made me throw up. It's absolutely fine if you are too lazy to understand certain things, just don't assume everyone is and please do not try to explain things you do not understand, unless you're honest about it or it is simply exercise.
Re: What is an NFT from an artist’s perspective?
#47I 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 g…
Except that there's a huge market for 'official' numbered prints. Often the sales of print editions by an artist can rival or exceed the value of an original painted piece. These prints are more more authentic than any other print of the same piece. Their value derived from scarcity, provenance and association with the original creator. All of these are present in an NFT.
Re: What is an NFT from an artist’s perspective?
#48NFT 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,…
Not sure about the first point, after all with digital art what matters is the NFT since anyone can copy the artifact 1:1 at virtually no cost and no risk. I agree with many that NFTs are best suited for digital worlds but that begs the question: what happens if the game is centralized? They can still prevent you from actually having or using that item, regardless of any proof of ownership. Re: wash trading, that als…
Use value is easy to assign to an NFT post-facto. That hasn't been really done in the current market(which is, of course, in the midst of a bubble), but:
* Tokens can become tickets to events
* Tokens can become options on commissioned work
* Tokens can become signs of membership
Because the token is guaranteed to be unique, and you can track ownership, there's a fluidity to this that lets you do away with contractual mechanisms. You can reuse the same tokens many times or announce that it will expire(for your use case).
Edit: And platforms can't really own it if it's on a public chain, too. You just copy the chain(see: BinancePunks copying CryptoPunks). So there's that.
Re: What is an NFT from an artist’s perspective?
#49Bitcoin is my favourite non-fungible token.
Re: What is an NFT from an artist’s perspective?
#50Earlier quoted context omitted.
This guy made a few hundred thousand by doing just that. https://mobile.twitter.com/muratpak/status/13585748601721569...
But is that substantially different from this? https://www.christies.com/lot/lot-andy-warhol-colored-mona-l...
Or artists like Richard Prince. Prince has been sued several times and made several settlements.
But - his court victories depended on the argument that he actually transformed the works he copied. If someone just claims ownership of a art work on a blockchain, I'm not sure that's the same thing.