What is an NFT from an artist’s perspective?

#1

Post by jds375 » Sat, Feb 27, 2021, 3:54 AM UTC

What is an NFT from an artist’s perspective?
alex-pardee.medium.com

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

#2

Post by XVII » Sat, Feb 27, 2021, 5:43 AM UTC

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

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

#3

Post by suyash » Sat, Feb 27, 2021, 4:17 PM UTC

XVII wrote: post #2

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

Yes, and ownership with authenticity proof.

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

#4

Post by minitoar » Sat, Feb 27, 2021, 5:03 PM UTC

XVII wrote: post #2

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

You could just send them money.

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

#5

Post by edent » Sat, Feb 27, 2021, 5:11 PM UTC

It 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.

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

#6

Post by KirillPanov » Sat, Feb 27, 2021, 5:16 PM UTC

No really, officer, I wasn't laundering those drug proceeds, I was just buying a non-fungible token from Pablo Escobar in order to resell it to El Chapo. NFTs are just like artwork, officer. You know, the kind of artwork that billionaires use to launder money? We're just doing the same thing they do, but on the blockchain!

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

#7

Post by porcc » Sat, Feb 27, 2021, 5:21 PM UTC

edent wrote: post #5

It 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.

It's not about not allowing access to people--it's about provably being the person named "owner" of a given good.

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

#8

Post by woleium » Sat, Feb 27, 2021, 5:26 PM UTC

Aren't NFTs just digital authenticity certificates, complete with blockchain protected provenance?

In some artworks the certificate is the only non transitory asset (e.g. banana taped to wall, or the famous lawyers dot painting)

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

#9

Post by jarofgreen » Sat, Feb 27, 2021, 5:30 PM UTC

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?

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

#10

Post by dorkwood » Sat, Feb 27, 2021, 5:36 PM UTC

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...