What is an NFT from an artist’s perspective? • Hacker News Board

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

#81

Post by debbiedowner » Sun, Feb 28, 2021, 3:42 AM UTC

I like this "stock" analogy.

In textbooks I've seen that stock is a "share of a company's future profits" but seeing as many don't pay dividends it really is more like "share of a company's future perception."

This makes sense. However, it's not "perfect".

If I believe in KAWS and Jeff Koons and I'd like to buy some of their "stock" to resell when I retire, what jpg my shares are linked to are irrelevant. So it's a bit of an inconvenience that I need to invest in stock of an artwork rather than stock of an artist. It's like that in real life sure, but artists should just be doing their own ICOs no?

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

#82

Post by [deleted] » Sun, Feb 28, 2021, 4:17 AM UTC

[deleted]

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

#83

Post by jtsiskin » Sun, Feb 28, 2021, 11:52 AM UTC

westondeboer wrote: post #73

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.

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

“sales of print additions” = total sum of all print sales

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

#84

Post by XVII » Sun, Feb 28, 2021, 1:21 PM UTC

sneak wrote: post #41

XVII wrote: post #2

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.

I personally use SuperRare and get 10% Royalties for every secondary sale

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

#85

Post by XVII » Sun, Feb 28, 2021, 1:22 PM UTC

jarofgreen wrote: post #51

XVII wrote: post #2

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?

yes some platforms have problems with that, one should do their research and check if the artist promotes their art on social media, their blog or sth.

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

#86

Post by XVII » Sun, Feb 28, 2021, 1:28 PM UTC

minitoar wrote: post #4

XVII wrote: post #2

I see it mainly as a way of supporting the work of an artist

You could just send them money.

Sure but it's not the same. With provenance recorded on a distributed ledger, artworks, artists and current owners can be identified and e.g. displayed in digital galleries like Decentraland or Cryptovoxels.I also expect more use-cases and integrations as the space matures.

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

#87

Post by amirnader » Tue, Mar 02, 2021, 3:39 PM UTC

Is there any NFT that reserve the right of printing for an artwork?

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

#88

Post by elnygren » Wed, Mar 03, 2021, 5:20 PM UTC

gge wrote: post #70

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…

Whenever crypto comes up on HN all the comments are either copium, Tether, or people saying "I'm not wrong its the market thats wrong". Amazing to see how the tech/SV mainstream completely missed out on Defi, and are now missing out on NFTs. This comment explains HNs relationship with crypto perfectly: https://news.ycombinator.com/item?id=24310174 . Good quote from @balajis: "Crypto is what comes after Silicon Valley…

"tech/SV" in no way missed out on Defi, they own a pretty big part of it.

Check out a16z, sequoia portfolios or check out the founders of the top defi projects...

> "Crypto is what comes after Silicon Valley"

yet some of the biggest success stories to come out of crypto are "Silicon Valley" (or close enough in this context) companies such as Coinbase ?

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

#89

Post by [deleted] » Fri, Mar 05, 2021, 4:05 AM UTC

elnygren wrote: post #88

gge wrote: post #70

Earlier quoted context omitted.

Whenever crypto comes up on HN all the comments are either copium, Tether, or people saying "I'm not wrong its the market thats wrong". Amazing to see how the tech/SV mainstream completely missed out on Defi, and are now missing out on NFTs. This comment explains HNs relationship with crypto perfectly: https://news.ycombinator.com/item?id=24310174 . Good quote from @balajis: "Crypto is what comes after Silicon Valley…

"tech/SV" in no way missed out on Defi, they own a pretty big part of it. Check out a16z, sequoia portfolios or check out the founders of the top defi projects... > "Crypto is what comes after Silicon Valley" yet some of the biggest success stories to come out of crypto are "Silicon Valley" (or close enough in this context) companies such as Coinbase ?

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