NFTs
NFTs
Out of context: Reply #57
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- NBQ004
Sorry for my ignorance and somebody please explain this to me:
Why would people buy gifs and jpg's for so much money when it's already being displayed online and you can basically just download it by right-click-save?
Once bought, what exactly do you do with the piece?
Somebody purchased a shitty image of a rose (just my opinion for $1M, wtf. What exactly do you do with the image when it's officially yours?
Do people have too much money? Or is it mostly people who already profited a lot with crypto so they don't care throwing money out of the window?
I can understand supporting an artist but paying thousands or hundred thousands and even millions for digital images & gifs seems some of the most stupid shit I've seen in recent times.
- My understanding is that they are "investing" in it. What do you do with image? Sell it for a higher price.palimpsest
- Combination of having too much money and wanting to turn it into morenb
- Money launderingGnash
- You got a link to the rose image? interested to see.fadein11
- I think it's less about the art, and more about the token behind it.shapesalad
- @ fade: https://money.cnn.co…NBQ00
- thanks. so 10 collectors paid 100k each and its going to charity according to the article. And he's sold a single piece for a million before.fadein11
- I don't dispute the absurdity of art prices at times but there isn't anything different going on here to the traditional market is there?fadein11
- investors gonna investfadein11
- NFT is to the traditional art market what omahadesigns is to COTD.palimpsest
- obviously misunderstood and/or didn't read a word a I said.fadein11
- Abosch is most well known for selling a photo of a potato -- called "Potato #345" -- for more than $1 million in 2016.cassiellux
- Lol palimpsestNBQ00
- turns Digital art into a market place. to make $.inteliboy