NFTs
Out of context: Reply #136
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- dkoblesky0
This NFT thing is insane. $69 for a collage of previous work is truly bizarre..."The auction’s winner doesn’t get much: a digital file, mostly, plus some vague rights to present the image."
But the modern art world has been insane for a long time. This does not seem that crazy when compared to a Damien Hirst shark in formaldehyde....I saw a documentary where the owner was saying that it was leaking and they had to call the artist to try to fix it....
What I think this represents is that the insanity is moving from the IRL world to the digital world. I am not sure that is a good thing but it is happening anyway.
There is a primal need to collect that is combining with people that have a lot of digital currency....I think there are a lot of average people who went all in on BTC or ETH early and have hundreds and hundreds of thousands of dollars in digital wallets (and some with much more) and they are itching to make it do something.
this is a great read about it https://speculations.substack.co…
This is a statement by that group, the group that grew up with digital, that is saying 'you think a shark in formaldehyde is crazy?' how about a collage of someones artwork over 13 years that you cannot even see for $69 M....fuck off....ill show you crazy