NFTs

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figured it's time for a thread outside the standard crypto one to post about NFTs. I see a lot of people making money off of them, but I don't like 'em (I've never been good at making money).

Currently they remind me of the "buy a star" type businesses, but idk

Bongo Jongus, Tuesday, 9 March 2021 19:44 (two months ago) link

Eat your heart out, Walter Benjamin.

pomenitul, Tuesday, 9 March 2021 19:48 (two months ago) link

I remember when I worked in crypto, encountering enthusiasts at meetups, the general perception among devotees was that it was going to be a force for economic equality. Turns out it's just another great way for the rich and well-connected to get richer! Who could have seen this coming???

stimmy stimmy yah (Simon H.), Tuesday, 9 March 2021 19:51 (two months ago) link

One for the human nature thread.

pomenitul, Tuesday, 9 March 2021 19:52 (two months ago) link

enh, I didn't take it as a matter of human nature so much as (once again, as we learn time and time again) there being no purely technological solutions to political problems

stimmy stimmy yah (Simon H.), Tuesday, 9 March 2021 19:55 (two months ago) link

I agree with that, obv., I'm just consistently impressed with how innovative we are at squandering our potential for justice.

pomenitul, Tuesday, 9 March 2021 19:57 (two months ago) link

out of all of the recent articles and lectures about NFTs that I've looked at, I've yet to see anything about them that makes them have any value other than people seem to be paying a lot of money for certain ones. So idk, is the fact that purchasers are seeing this worthless/pointless thing as being valuable enough for it to have a future?

Bongo Jongus, Tuesday, 9 March 2021 20:06 (two months ago) link

Reminds me of

https://en.wikipedia.org/wiki/I_Am_Rich

pomenitul, Tuesday, 9 March 2021 20:07 (two months ago) link

The only NFT’s I care about are Nice Fucken Titties

— Stavros Halkias (@stavvybaby) March 8, 2021

longtime caller, first time listener (man alive), Tuesday, 9 March 2021 20:24 (two months ago) link

yawn, pungent tokin'

it's a nice way for grimes to have her own mad money... so she doesn't have to keep asking what's-his-name

Andy the Grasshopper, Tuesday, 9 March 2021 20:39 (two months ago) link

I didn't mean to approach this in a purely negative manner, and I wanted this new (to me) promising way to sell/own art to actually be new/different, but I can't see it. Everything that tries to be convincing reads as gibberish to me

Bongo Jongus, Tuesday, 9 March 2021 20:50 (two months ago) link

this sucks bcuz it has absolutely nothing with art and everything to do with goobers that have bad taste and (like bitcoin) it will be a succeess and make goobers rich

kurt schwitterz, Tuesday, 9 March 2021 20:56 (two months ago) link

I think they are mostly dumb & bad. Sure, artists could use them to make a lot of money if 1) they're already successful and have a dedicated fanbase, or 2) they have a lot of rich friends/connections.

Sure, streaming to the whole world for micropennies didn't work, but that doesn't mean that going back to the patronage system is the answer.

change display name (Jordan), Tuesday, 9 March 2021 20:58 (two months ago) link

Maybe free market artificial scarcity is just a bad idea.

fajita seas, Wednesday, 10 March 2021 03:14 (two months ago) link

If I had a time machine I would use it to go back to the moment when I googled “NFT” and “crypto art.”

I would approach my past self and place my present hand on my past hand, taking it off the mouse.

“Don’t. Don’t ever. Knowing about these things will make you feel stupid that they exist. Forget these things. Look at porn or something. Live your life.”

Cow_Art, Wednesday, 10 March 2021 03:22 (two months ago) link

Beeple auction ends Thurs I think

calstars, Wednesday, 10 March 2021 03:31 (two months ago) link

This is stupid nobody should post about this including me

Canon in Deez (silby), Wednesday, 10 March 2021 03:33 (two months ago) link

NFT porn though - surely that's already a thing?

change display name (Jordan), Wednesday, 10 March 2021 03:36 (two months ago) link

simon h., kurt schwitterz, and silby otm. i will never be able to muster any reaction to things like this or bitcoin other than uncomprehending horror and disgust tbrrwu.

map ca. 1890 (map), Wednesday, 10 March 2021 03:36 (two months ago) link

All this really is is a way to create a digital certificate of authenticity. I guess that's ok but doesn't strike me as game-changing. I don't see it as a revolution for the art world, more like the creation of a somewhat pointless digital memorabilia market. I don't think there will be any significant market for non-celebrity-driven NFTs. I think there are enough silicon valley assholes, marks, bitcoiners etc. with unreasonably stupid amounts of money to keep sales of the more famous of these going for a while. Upper middle class people buy (non-famous) paintings and middle class people buy prints and posters because they make your home look nice. NFTs don't have any real world value along those lines, they're solely digital collectibles. And I get a bit of a Second Life vibe from the energy around them, which makes me wonder how long they'll really last as a phenomenon.

longtime caller, first time listener (man alive), Wednesday, 10 March 2021 04:25 (two months ago) link

I probably would’ve expected bitcoin to fizzle out by 2016 or so and here we are, fuck the earth

Canon in Deez (silby), Wednesday, 10 March 2021 04:26 (two months ago) link

xpost azaelea banks just did one of these for an "audio sex tape"

Blues Guitar Solo Heatmap (Free Download) (upper mississippi sh@kedown), Wednesday, 10 March 2021 04:27 (two months ago) link

smh

pomenitul, Wednesday, 10 March 2021 04:28 (two months ago) link

I would just add to my previous comment: it actually makes me sort of sad to think about all the scams and grifts that have come to define the space, not because they weren't predictable (at least 50% of the major players to come down the pike since Satoshi, by my estimation, are/were full-on grifters or con men), but because I met a lot of people who really were hoping for a more ethical alternative to the financial system that had just screwed so many, and didn't (just) see crypto as a get-rich-quick scheme

stimmy stimmy yah (Simon H.), Wednesday, 10 March 2021 05:28 (two months ago) link

Yeah but it’s just a bad database

Canon in Deez (silby), Wednesday, 10 March 2021 05:29 (two months ago) link

There’s only one financial system

Canon in Deez (silby), Wednesday, 10 March 2021 05:29 (two months ago) link

you're preaching to the converted!

stimmy stimmy yah (Simon H.), Wednesday, 10 March 2021 05:46 (two months ago) link

I don't feel that sorry for people for credulously buying into the Esperanto of currencies.

longtime caller, first time listener (man alive), Wednesday, 10 March 2021 05:54 (two months ago) link

it's just that it's also causing global warming

Canon in Deez (silby), Wednesday, 10 March 2021 06:35 (two months ago) link

I hate them because they are based on this underlying idea that the blockchain is this eternal unerasable record instead of a disgusting waste of resources which needs to be declared illegal and dismantled asap

Bastard Lakes (Camaraderie at Arms Length), Wednesday, 10 March 2021 07:49 (two months ago) link

All this really is is a way to create a digital certificate of authenticity. I guess that's ok but doesn't strike me as game-changing. I don't see it as a revolution for the art world, more like the creation of a somewhat pointless digital memorabilia market. I don't think there will be any significant market for non-celebrity-driven NFTs. I think there are enough silicon valley assholes, marks, bitcoiners etc. with unreasonably stupid amounts of money to keep sales of the more famous of these going for a while. Upper middle class people buy (non-famous) paintings and middle class people buy prints and posters because they make your home look nice. NFTs don't have any real world value along those lines, they're solely digital collectibles. And I get a bit of a Second Life vibe from the energy around them, which makes me wonder how long they'll really last as a phenomenon.

A lot of it is very likely to be money laundering (like pretty much every cryptocurrency thing), or just financial speculation shenanigans - it's worth it for people to spend big to bolster the hype, as long as they can manage to sell what they bought for even more before the market crashes. I would be a little surprised if most of the hype doesn't die out before the end of the year, it doesn't seem to have the sort of longer term speculation potential as bitcoin does but idk

ufo, Wednesday, 10 March 2021 08:49 (two months ago) link

i cannot believe i had to write this. but.https://t.co/ZO3wQyQh1K pic.twitter.com/cau0kixLYB

— everest (@everestpipkin) March 3, 2021

Zach_TBD (Karl Malone), Wednesday, 10 March 2021 08:56 (two months ago) link

i had one digital acquaintance who appears to have gotten (even more?) rich off of this. she made the same gif over and over, a shot of a CRT TV screen, panning left and right, 500 different times over. lately she got really into the NFT scene and was early and made a bunch of money.

i guess at one stage in my life i might have tried. at this point, i shake my fist at it and say YOU DUMB FUCKS

Zach_TBD (Karl Malone), Wednesday, 10 March 2021 08:58 (two months ago) link

then again, i'm literally litsening to a simple twist of fate right now, so maybe it is i who is the dumb fuck

Zach_TBD (Karl Malone), Wednesday, 10 March 2021 08:59 (two months ago) link

my initial thoughts on NFT were that that some aspects of it were worthwhile goals: mainly, some sort of "ownership" over a digital file (and now, i realize, not just digital), some sort of means of tracking who made something. when i made more things, i would get really frustrated about seeing people use my things wholesale - boingboing does it like every 9 months and i always publicly whine about them. even though i'm sure they're wearing dirty jeans like i am.

but everest (see that tweet/medium essay) makes good points that acknowledge that but also make clear that this particular implementation of it fucking blows. i think i'm more optimistic about it than they are. but yeah, i follow some gif dude who has had a handful of his gifs already "minted" by someone else - i mean, what? is this just the first gold rush where you're a dumbass if you don't mint everything you made that might be valuable? ...or is everyone just a giant fucking asshole?

Zach_TBD (Karl Malone), Wednesday, 10 March 2021 09:05 (two months ago) link

you can browse through all the shit that's being minted. it's so bad. everything is bad. but i may be missing the forest for the trees. there are so many things being "minted" every minute, now. wtf does this mean? what if everything became minted? what if everything was auto-minted and part of a market, whether we wanted that or not? is there anything preventing someone from minting ILX as token? wtf am i even talking about? what a fucking asshole? what the fuck? see what i mean

Zach_TBD (Karl Malone), Wednesday, 10 March 2021 09:07 (two months ago) link

then imagine you visit this thread in 4 months and some jerk has made $45K off of it on NFT and you don't even know how

Zach_TBD (Karl Malone), Wednesday, 10 March 2021 09:09 (two months ago) link

anyway, maybe this will be the rare crypto thing that gets regulated, because now Giphy (I think owned by facebook?) is mad about NFTs using Giphy images (which are actually made by real people, not them) so they're issuing a very official Twitter "hey-quit-it" notification to all

Zach_TBD (Karl Malone), Wednesday, 10 March 2021 09:10 (two months ago) link

NFT's value is built upon an escalating equation that becomes more difficult to solve. as everest says:

...in a digital context scarcity must be constructed- there is nothing that demands the next block in the blockchain be harder to make than the last. If anything, the opposite should be true- computers grow ever more efficient and p"owerful. This means any scarcity is artificial, a process that demands ever more energy, ever more resources lost to continue to operate and return, for no other reason than to insure that tomorrow it will be even more expensive- which makes the wastefulness of today a good investment.

This is why cryptocurrency is valuable. There is nothing high-tech about it. There is no miracle. It is simply futures speculation without the speculation- no guessing required, because we know it will be more wasteful tomorrow; it is baked into the tech.
All that cryptocurrency does is abstract resources into a market by making those resources unavailable to the future.

right?

Zach_TBD (Karl Malone), Wednesday, 10 March 2021 09:21 (two months ago) link

I had an idea to make some gifs of giant warehouses of bitcoin computers turning into desolate post-apocalyptic wastelands and sell them as NFTs

Bastard Lakes (Camaraderie at Arms Length), Wednesday, 10 March 2021 14:42 (two months ago) link

Ethereum “has been moving” to proof of stake for almost as long as it has existed. It has been so long that “Eth 2.0 PoS Coming Soon!” is something of a running joke.

this really was a tremendous irritant when I was working "in the space"

stimmy stimmy yah (Simon H.), Wednesday, 10 March 2021 14:52 (two months ago) link

NFT's the only explainer you will need pic.twitter.com/2yM1LVh1Wk

— SPAC Lindzon (@howardlindzon) March 11, 2021

longtime caller, first time listener (man alive), Thursday, 11 March 2021 14:50 (one month ago) link

The digital art community is basically imploding right now as it has polarized into for and against jumping onto this train. People that knew nothing about this two weeks ago, are now cool with creating dox lists of other artists they think are on the wrong side. It’s pretty distressing.

Kim, Thursday, 11 March 2021 14:57 (one month ago) link

There was a company several years ago (a buddy briefly worked there) selling authenticated, digital sports trading cards... this is nothing newish.

Andy the Grasshopper, Thursday, 11 March 2021 17:26 (one month ago) link

the difference is that the blockchain stuff makes it extraordinarily inefficient & is solely responsible for all the hype & ridiculous money being thrown around

ufo, Thursday, 11 March 2021 21:11 (one month ago) link

https://www.wsj.com/articles/nba-top-shot-nft-crypto-digital-collectibles-11615266042?mod=e2tws

Bros with $200k to set on fire passing this shit around hoping to not be the last one holding

Joe Bombin (milo z), Friday, 12 March 2021 04:01 (one month ago) link

Hot potato shit

calstars, Friday, 12 March 2021 04:05 (one month ago) link

The digital art community is basically imploding right now as it has polarized into for and against jumping onto this train. People that knew nothing about this two weeks ago, are now cool with creating dox lists of other artists they think are on the wrong side. It’s pretty distressing.

are people actually making dox lists?

honestly i am unfollowing #NFT evangelists, though. the shit is gross. don't know what else to say, it's just sad. i do understand why some people disregard the whole "cosmically unnecessary electricity usage at a time when ...god am i writing this again? fuck" thing - no one's making money off of digital art, or if you did you had to sell your soul in order to get compensated. and now this is finally a chance for some people to buy a couple lottery tickets, mint their cool shit, and hope it takes off and makes them some money. i guess i can understand that. i think it's wrong to do, when you're aware of what the actual costs are, or if you imagine a world where NFTs were successful and transactions continued to exponentially grow. that's why the evangelists bother me, because they should know better

Zach_TBD (Karl Malone), Friday, 12 March 2021 04:18 (one month ago) link

beeple sold a NFT at christie's for $70M today (it was actually a bit lower than but fuck)

Zach_TBD (Karl Malone), Friday, 12 March 2021 04:19 (one month ago) link

Last month, Tom Kuennen, a property manager from Ontario, coughed up $500 worth of cryptocurrency for a JPEG of an Elon Musk-themed “Moon Ticket” from DarpaLabs, an anonymous digital art collective. He purchased it through the marketplace OpenSea, one of the largest vendors of so-called non-fungible tokens, or NFTs, in the hopes of reselling it for a profit.

“It’s like a casino,” he said in an interview. “If it goes up 100 times you resell it, if it doesn't, well, you don’t tell anyone.”

:D

Zach_TBD (Karl Malone), Tuesday, 30 March 2021 15:38 (one month ago) link

i don't have a very large art collection. just a few real things. but when i look at them, i do think of the potential profit, and it brings me great joy, perhaps the greatest i've felt

Zach_TBD (Karl Malone), Tuesday, 30 March 2021 15:38 (one month ago) link

gee, i hope elon musk's butthole rises in value today

Zach_TBD (Karl Malone), Tuesday, 30 March 2021 15:39 (one month ago) link

a rising butthole lifts all shits

microsloth fig stimulator (Sufjan Grafton), Tuesday, 30 March 2021 15:43 (one month ago) link

i have brought this upon myself

Zach_TBD (Karl Malone), Tuesday, 30 March 2021 15:46 (one month ago) link

he may have turned to the dark side, but lol

https://davidoreilly.medium.com/the-definitive-nft-medium-article-500855317d8a

imago, Thursday, 1 April 2021 16:02 (one month ago) link

list of links at the bottom hits kinda hard after all that

imago, Thursday, 1 April 2021 16:05 (one month ago) link

It is from this turning point that I began a journey of discovery that opened my eyes to the danger and cost of this technology. Make no mistake — NFTs are not harmless and not benign, and have zero to do with artists making money. They are — and I do not say this lightly — without a doubt the single greatest threat that planet Earth has ever faced.


I’m glad that someone has out-anti-NFT’d me

Zach_TBD (Karl Malone), Thursday, 1 April 2021 16:08 (one month ago) link

not that any of this justifies NFTs, it's just quite funny

imago, Thursday, 1 April 2021 16:09 (one month ago) link

Oh, I kept reading. Well I’m still the king

Zach_TBD (Karl Malone), Thursday, 1 April 2021 16:12 (one month ago) link

for you Karl

paddington bear has made an NFT (New Friend Today)

— Paddington Bear Updates (no affiliation) (@fakepaddington) March 30, 2021

rob, Thursday, 1 April 2021 16:50 (one month ago) link

One of my favorite crypto-asshole arguments is that crypto is actually GOOD for the environment because the demand it creates for renewable energy is driving innovation, or something.

longtime caller, first time listener (man alive), Thursday, 1 April 2021 17:25 (one month ago) link

every fucking dipshit is using NFTs as their april fools joke, brilliant work marketing people

G.A.G.S. (Gophers Against Getting Stuffed) (forksclovetofu), Thursday, 1 April 2021 17:31 (one month ago) link

NFTs may finally bring about the magical economy, where everyone in the world's income is derived from taking in everyone else's laundry buying and selling NFT-tagged images.

Judge Roi Behan (Aimless), Thursday, 1 April 2021 17:39 (one month ago) link

good ^^

Zach_TBD (Karl Malone), Wednesday, 7 April 2021 17:18 (one month ago) link

I feel like even calling it "NFT Art" is a misnomer. It's digital art. An NFT is just a thing you sell that is nominally attached to a piece of digital art.

longtime caller, first time listener (man alive), Wednesday, 7 April 2021 17:25 (one month ago) link

But what kind of digital art is valued by NFT investors? So far you aren't seeing NFTs for Sothebys-style art make much of an impact.

reggae mike love (polyphonic), Wednesday, 7 April 2021 17:33 (one month ago) link

i prefer "NFT Art", because it carries with it the meaning "this is shitty art, in addition to the shitty people who buy and sell it"

Zach_TBD (Karl Malone), Wednesday, 7 April 2021 17:34 (one month ago) link

But what kind of digital art is valued by NFT investors? So far you aren't seeing NFTs for Sothebys-style art make much of an impact.

modern art institutions are coming around to digital art in slow motion (comparable to how it took decades for the "art world" to come around to "motion pictures" at art, or the excruciating "conversation" around the idea of "games" as art now)

imo a good artist should reject NFTs and crypto-bullshit, but they sure as fuck better be rejecting whatever "art world" previously existed as well.

Zach_TBD (Karl Malone), Wednesday, 7 April 2021 17:37 (one month ago) link

trying to sell good digital art to a NFT turd is like selling pogs to a rich adolescent

Zach_TBD (Karl Malone), Wednesday, 7 April 2021 17:38 (one month ago) link

NF(art)T

G.A.G.S. (Gophers Against Getting Stuffed) (forksclovetofu), Wednesday, 7 April 2021 17:39 (one month ago) link

http://blog.seanbonner.com/2021/03/12/wtf-nft/

it's hard to believe someone is comparing the environmental cost of cryptocurrency with the entirety of the global banking system
bitcoin's total value right now ~$1 trillion, I wonder how much the entire global banking system processes in a year?

Joe Bombin (milo z), Friday, 9 April 2021 22:14 (one month ago) link

Whenever I see this thread title I immediately think of newts and efts, as in this article. Once my brain saw this connection, it cannot unsee it.

sharpening the contraindications (Aimless), Friday, 9 April 2021 23:50 (one month ago) link

from that artreview piece

https://backend.artreview.com/wp-content/uploads/2021/03/b1e-1230x586.jpg
"A popular internet meme of 2020 features an outraged bowtied figure who insists to another figure (representing the US Federal Reserve) that he can’t just ‘artificially inflate the economy by creating money’. To which the Fed character, next to a printer busily printing dollars, grins ‘haha, money printer go brrrrr’. Billions have been minted by central banks to support the incomes of people suffering the economic effects of the lockdown response to COVID-19. But printing money means that interest rates for fiat currency are effectively zero. In those circumstances, it’s not hard to see the attraction of moving fiat currency into cryptocurrency, or flipping virtual artworks that might increase rapidly in value, as Beeple’s CROSSROADS did in February, when it was resold for $6.6m, from an original sale of $66.6k. Cryptocurrency, NFTs and visual art have, without the artworld quite grasping it, combined at a moment when fiat currency has, in essence, become worthless, wages are dead and there is no reason for most people to save for a future that seems utterly without promise."

zero interest rate means money is worthless. right.

wasdnuos (abanana), Saturday, 10 April 2021 00:18 (one month ago) link

I always trust artists to have a firm grasp of Central Bank monetary policy. I would like the author of that piece to do a performance art piece where they destroyed piles of 'worthless fiat currency" to prove their point.

sharpening the contraindications (Aimless), Saturday, 10 April 2021 00:24 (one month ago) link

hard to put into words how fucked america is, but this article headline almost thoroughly does it pic.twitter.com/INMg4zyvz4

— Younger (@JustinYounger) April 8, 2021

Bastard Lakes (Camaraderie at Arms Length), Saturday, 10 April 2021 18:29 (one month ago) link

the subheadline does it too

Zach_TBD (Karl Malone), Saturday, 10 April 2021 19:13 (one month ago) link

https://babbykense.medium.com/a-response-to-jisus-nft-superdocument-33ac27a5ad38

catching up to this one, in the wake of catching up to Jisu's popular 'voice of reason' / 'voice of the younger & minority NFT middle class'

blockchain is good because decentralization is good. what do NFTs ultimately decentralize? they decentralize authentication

Milton Parker, Saturday, 10 April 2021 22:18 (one month ago) link

When I see artists I admire promote N f Ts now I just smh

calstars, Saturday, 10 April 2021 22:27 (one month ago) link

RIP NFTs

https://crypto.jayandsilentbob.com

wasdnuos (abanana), Wednesday, 14 April 2021 20:10 (three weeks ago) link

just saw an artist friend has started doing this, guess he has no other way to stay afloat, sad times all round.

Camaraderie at Arms Length, Wednesday, 14 April 2021 20:23 (three weeks ago) link

Is there any possible doubt in anyone's mind that these are going to be looked at as the pogs of 2021?
feel free to quote this to me in 2030 when beeple is president

G.A.G.S. (Gophers Against Getting Stuffed) (forksclovetofu), Thursday, 15 April 2021 02:35 (three weeks ago) link

I agree, but I thought bitcoin would be a joke by now.

nickn, Thursday, 15 April 2021 02:39 (three weeks ago) link

bitcoin benefited from arriving on the last train before the end of capitalism, social media overload and nihilism as smart business
i imagine a sunspot is gonna wipe every server on earth and then all this shit will be so much dust in the wind aka SOON A CLEANSING

G.A.G.S. (Gophers Against Getting Stuffed) (forksclovetofu), Thursday, 15 April 2021 02:43 (three weeks ago) link

two weeks pass...

great news for "success kid" and "bad luck Brian"

https://www.yahoo.com/now/disaster-girl-meme-nft-214005699.html

frogbs, Thursday, 29 April 2021 22:13 (one week ago) link

the only nfts i deal in are nerds in the Fucking trashcan. suck my Dick

— wint (@dril) April 30, 2021

chihuahuau, Friday, 30 April 2021 16:18 (one week ago) link

Interesting interview between curtator Michelle Kuo and artist Seth Price on NFTs here:
https://www.moma.org/magazine/articles/547

relevant quote

SP: You were talking about getting at some idea of what art is, or how it behaves. Actually, there is one way that contemporary art is kind of the perfect vehicle for NFTs. A financial instrument is a contract between people. That’s literally all it is, a highly abstract agreement. And that’s what art is, too. There’s a weird consonance there. Art has no consistent agreed-upon value, there’s no common definition of what art even is. So an NFT artwork is a pretty complex social agreement that, first of all, this is art; second of all, it has value; third, we’ll transfer it into this even more crazy realm. All of this transformation is a kind of suspension of disbelief, or a kind of magic. It’s like, the more we dematerialize everything, the more potential material we can get. We don’t really have a cosmology that can hold all these weird contradictions we’re making. That’s the paradox of the moment we’re in.

it's like edging for your mind (the table is the table), Friday, 30 April 2021 18:13 (one week ago) link

maybe I misunderstand, but quote seems to imply that the creation of the NFT is "transferring it into this even more crazy realm" and "dematerializing". But the NFT is doing the opposite. it's taking something less material, say a moment in time, and making it material by sending light over a network that then instructs computers to reorganize some electrons into a state that is maintained. If all of the computers containing the distributed ledger were destroyed, the NFT would cease to exist.

If you value Vox, we have an axe (Sufjan Grafton), Friday, 30 April 2021 19:57 (one week ago) link

sold an NFT of the meme for roughly $500,000 worth of Ether

yeah, but where's she going to store all those cans, eh??

sharpening the contraindications (Aimless), Friday, 30 April 2021 20:00 (one week ago) link

and even the "art" that's less material generally has something more material but less scarce than the an NFT associated with it, such as a digital image or video from the moment. it's like we all rode splash mountain and had fucking hell of a great time doing so. disney makes an NFT for "riding splash mountain". person who buys that NFT should be concerned that everyone who loved it already has a picture of themselves riding splash mountain in their living room.

If you value Vox, we have an axe (Sufjan Grafton), Friday, 30 April 2021 20:23 (one week ago) link

maybe I misunderstand, but quote seems to imply that the creation of the NFT is "transferring it into this even more crazy realm" and "dematerializing". But the NFT is doing the opposite. it's taking something less material, say a moment in time, and making it material by sending light over a network that then instructs computers to reorganize some electrons into a state that is maintained. If all of the computers containing the distributed ledger were destroyed, the NFT would cease to exist.

― If you value Vox, we have an axe (Sufjan Grafton), Friday, 30 April 2021 19:57 (thirteen minutes ago) bookmarkflaglink

i would go even further than this. I can't get over conceptual hurdle that one must accept that the relationship between (the photograph) and the NFT is somehow real which is kindof hard to take when every piece that illustrates this story illustrates it with a picture of that photo As the use of the image in the article intimates, the image can continue to operate just as it did and is not itself altered by the fact of the NFT. The relationship between them seems really one way, with the value of the nft deriving from the image but nothing about the image is derived from its new status as underwritten somehow by the nft.

The concept of an NFT attaching itself to this image is an abstract relation and a 'new' one and a social one that needs to be weirdly manufactured. like we are to believe in some way that the 'creation' of the nft in some way officiates this relation? this doesn't feel especially credible to me and I'm a little bit mystified by the source of the credulousness. you know if we accept that all value is a kind of social value, i just dont understand what social agreement really underwrites this particular instance.

plax (ico), Friday, 30 April 2021 20:28 (one week ago) link

maybe I misunderstand, but quote seems to imply that the creation of the NFT is "transferring it into this even more crazy realm" and "dematerializing". But the NFT is doing the opposite. it's taking something less material, say a moment in time, and making it material by sending light over a network that then instructs computers to reorganize some electrons into a state that is maintained. If all of the computers containing the distributed ledger were destroyed, the NFT would cease to exist.

― If you value Vox, we have an axe (Sufjan Grafton), Friday, April 30, 2021 12:57 PM (two hours ago) bookmarkflaglink

I feel like he might be talking about physical artworks, in which case the quote makes some more sense.

Tbh, I don't really understand how any of this works, and every explanation I read just sounds more and more like bullshit. I just thought the interview was interesting.

it's like edging for your mind (the table is the table), Friday, 30 April 2021 22:06 (one week ago) link

i would go even further than this. I can't get over conceptual hurdle that one must accept that the relationship between (the photograph) and the NFT is somehow real which is kindof hard to take when every piece that illustrates this story illustrates it with a picture of that photo As the use of the image in the article intimates, the image can continue to operate just as it did and is not itself altered by the fact of the NFT. The relationship between them seems really one way, with the value of the nft deriving from the image but nothing about the image is derived from its new status as underwritten somehow by the nft.

yeah, I think we would agree that a material object that is generated as part of the creation of the art is necessary to give it a meaningful relationship to that art. People can use an image from a painting you own without your consent, if they have the consent of the artist (or other rights holder). But if that image is the art, it still could not have been expressed and shared without that painting you own.

If you value Vox, we have an axe (Sufjan Grafton), Friday, 30 April 2021 23:22 (one week ago) link

you can point at your painting and say "all of that came from this". Even if you make an NFT at the same time as you make the art, it's still very clear that you could have made the art without making the NFT at all.

If you value Vox, we have an axe (Sufjan Grafton), Friday, 30 April 2021 23:26 (one week ago) link

the art, such as it is, is conceptual in every way and is mostly represented by the action of playing along by taking part in the charade of capitalism

Draymond is "Mr Dumpy" (forksclovetofu), Saturday, 1 May 2021 18:55 (one week ago) link

I’ve enjoyed NBA Top Shot. I don’t really care about art or collecting, just making money. I buy all the packs I can and almost immediately flip the moments for a profit. Off my initial $9 investment, I’ve turned it into 4-figure profits. So every pack I buy is playing with house money at this point.

The great thing about Top Shot is the ease of on boarding. No need to have any knowledge of the intricacies of crypto transactions, just sign up for an account, attach a credit card, and hope you get lucky on pack drops.

On the other hand, I’ve been trying to get into Zed Run, but the barrier of entry is much higher. I’m finally trying to buy a horse today. To do that, I had to figure out what MetaMask is, connect it to Zed Run, purchase some ETH, convert it to wETH, all of which had associated fees.

That’s all I’ve dabbled in. Everything else has been way too expensive to get started.

Jeff, Friday, 7 May 2021 15:54 (three days ago) link

I’m finally trying to buy a horse today.

what color is the horse

Draymond is "Mr Dumpy" (forksclovetofu), Friday, 7 May 2021 17:59 (three days ago) link

Still trying to get one, this release has been a shitshow.

Jeff, Friday, 7 May 2021 20:32 (three days ago) link


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