I see it mainly as a way of supporting the work of an artist
But there seems to be no guarantee that the person who registers the work as a NFT actually is the artist?
What is an NFT from an artist’s perspective?
51–60 of 89 posts
Re: What is an NFT from an artist’s perspective?
#52I really hate and distrust Medium. You get garbage like this gussied up like it's coming from a trustworthy and informed source. I'm not sure why it seems that way in a way that, say, LiveJournal didn't, but it does.
The "you don't have to understand it, just accept that it exists and believe in it" line of nonthinking is a memetic neurotoxin. It sucks whether it's applied to blockchain, NFTs, gods, homeopathy, or an MLM, and a healthy mind should expel it on exposure.
Re: What is an NFT from an artist’s perspective?
#53Earlier 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…
And is there many cases of that happening yet? "There will be" worries me.
Re: What is an NFT from an artist’s perspective?
#54NFT 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!
Bingo.
Folks aren't buying a verified unique token for obscene amounts just to brag about it. They might brag, but many have other reasons to hold an object of such "value" .
Anyone thinking that NFT is anything other than a vanity token for the wealthy and a money laundering mechanism for the same is fooling themselves.
Re: What is an NFT from an artist’s perspective?
#55I was the first person to allow bitcoin donations for music and netted roughly $10 at the time, which today would be worth nearly half a million dollars. I happened to be lucky my interests in emerging tech and music lined up when I had an album finished. So I'm definitely an artist who has benefited from cypto. That said, I've read a few NFT FAQs and this seems wholly pointless and idiotic.
Re: What is an NFT from an artist’s perspective?
#56NFT sellers are dodging the elephant in the room: Buying an NFT is more like buying a print of an artwork than buying the artwork itself. Or more accurately, a link to a print of the artwork. Yes, using crypto and blockchain you can prove that this was the first NFT print of the artwork, but that's it. It's an expensive way to proclaim that you have the keys controlling the NFT that links to the print of the artwork,…
This is the traditional way to launder money with art, only now much easier!
And to me the interesting question here is, if we both buy cheap 10$ tokens, and agree to buy these from each other at 1000$ and "lose our keys" will we be able to collect insurance on the lost asset? Will we be able to deduct the loss in taxes? Or if we donate the "artworks" to each others charities will we be able to deduct them in taxes?
Re: What is an NFT from an artist’s perspective?
#57Smells like a bottomless pit and quacks like a bottomless pit
There is also bottomless pit poo on my windshield.
Re: What is an NFT from an artist’s perspective?
#58Proof 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.
> 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)
Exactly. The only things canonical-physical artworks are good for are conspicuous consumption/bragging rights and money laundering(/other money-laundering-adjactent activities).
Re: What is an NFT from an artist’s perspective?
#59It 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.
Best case this is trying to find a chump to hold the bag when the music stops, and worst case is a Ponzi scheme. Either way I don’t think there is value in ‘DRM but on a blockchain’.
Well, no; the best case is they're trying to sell bragging rights in the style of "I'm so rich I can buy original Picasso paintings for no reason beyond showing off how rich I am!". Which is stupid and says depressing thing about human civilization, but isn't really any worse than trying to sell any other kind of artwork in physical form.
Re: What is an NFT from an artist’s perspective?
#60NFT 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,…
NFT art is worthless imo, but NFT for digital goods as a whole is very valuable.
NFT is a glorified receipt. Some people collect receipts: like ticket-stubs for world series games or concerts, but first you have to convince the MLB or Ticketmaster to sell tickets on Ethereum, which is a big ask.