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What is an NFT from an artist’s perspective?

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

#71

Post by eigenvalue »

meheleventyone wrote: post #43
eigenvalue wrote: post #27

Earlier quoted context omitted.

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.

It's a difficult issue to handle in decentralized systems, especially in a way that scales with growth in the network. Any mechanism that is not voluntary/optional but which requires some human judgment would necessarily introduce centralization and various attack vectors to undermine the system, such as people filing thousands of fake petitions as a kind of DDOS attack.

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

#72

Post by eigenvalue »

jarofgreen wrote: post #53
eigenvalue wrote: post #27

Earlier quoted context omitted.

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.

No, we are not live yet, we are still developing the system and focusing on getting the basic functionality working 100%. But the mechanism I described would be fairly easy to implement.

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

#73

Post by westondeboer »

dbspin wrote: post #47
arduinomancer wrote: post #25

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 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.

This is a fabrication. Original art will always be more expensive than a numbered edition.

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

#74

Post by seibelj »

crazygringo wrote: post #66
dbspin wrote: post #47

Earlier quoted context omitted.

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.

Can you provide an example of a print being valued more than the original painted piece? That defies all logic unless the print isn't just a print -- e.g. it's in a million dollar gold frame or was previously owned by the Pope or something.

Parent poster means the sum of all prints. If there is 1 original and 1000 high quality prints, the prints may exceed sales of original in totality.

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

#76

Post by crazygringo »

seibelj wrote: post #74
crazygringo wrote: post #66

Earlier quoted context omitted.

Can you provide an example of a print being valued more than the original painted piece? That defies all logic unless the print isn't just a print -- e.g. it's in a million dollar gold frame or was previously owned by the Pope or something.

Parent poster means the sum of all prints. If there is 1 original and 1000 high quality prints, the prints may exceed sales of original in totality.

Oh, thanks. It can be read either way -- that way could actually be plausible in certain cases.

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

#77

Post by egypturnash »

eigenvalue wrote: post #27
egypturnash wrote: post #15

Earlier 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…

Ah, so basically if someone starts selling my art and I can get enough social media traction then maybe I can get them in trouble? Awesome, sounds like a great time for someone who's spent all their time getting good at art instead of getting good at publicity.

And half the NFT art markets require you to not post stuff you've tokenized elsewhere, so much for hacking up a multi-tokenizer that claims my work on every market as a way to avoid thievery. Unless there is a cross-market standard for claiming An Art.

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

#78

Post by Noos »

This part made me wonder.

> So, if you were to buy an NFT from me, in a sense, you are buying STOCK in me because you believe that I (or my art piece) will continue to create more work and add more “value” to that stock over time.

So essentially, this has nothing to do with art, it's a way for artists to get in on the stupid money speculation train everyone else seems to be addicted to. You "own" the token in order to buy low and sell high, rather than it really mattering in itself.

We really are doomed, aren't we?

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

#79

Post by Igelau »

kobasa wrote: post #67

Once again the HN community completely missing the point on crypto and this time on NFTs. Bunch of unimaginative people who think they're smarter than everyone else but have missed out on the biggest technological investment opportunity of the past decade and continue to remain petty and close minded on something they somehow still don't even understand. I'll throw you guys a little bone. Imagine sports card collecti…

You seem to know a lot about NBA Top Shot, so I'm hopeful that you can clarify some things for me that I couldn't quite understand from the documentation on the web or from reading the smart contracts on GitHub.

If I own a Moment, how do I download the associated video, archive it, and view it offline? Do I get the rights to do that, or does the moment only consist of the metadata that allows me to view the content? Is it even that? Is the Moment really just a way to hang a tag that says "I've got this one and this one" on a website that hosts all the actual content?

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

#80

Post by Igelau »

Noos wrote: post #78

This part made me wonder. > So, if you were to buy an NFT from me, in a sense, you are buying STOCK in me because you believe that I (or my art piece) will continue to create more work and add more “value” to that stock over time. So essentially, this has nothing to do with art, it's a way for artists to get in on the stupid money speculation train everyone else seems to be addicted to. You "own" the token in order t…

Oh yeah. At least at some point in the Tulip Mania, someone was actually trying to sell someone else a tulip bulb - even if by contract for a tulip at a later time.

I don't even know what this is. The most prominent NFT seems to be NBA Top Shots, and even then it seems like the speculation is on something like... an ownership claim on a limited number of pointers to play-specific metadata referring to content licensed to Dapper from the NBA, that lets decide how you want to showcase them on the platform.

No one is even promising you a goddamn tulip bulb.

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