NFTs
Out of context: Reply #374
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- shapesalad-1
Super interesting, thanks microkorg for the links:
https://tylerxhobbs.com/essays/2…
"THE NEW WORLD
Today, platforms like Art Blocks (and in the future, I’m sure many others) allow for something different. The artist creates a generative script (e.g. Fidenza) that is written to the Ethereum blockchain, making it permanent, immutable, and verifiable. Next, the artist specifies how many iterations will be available to be minted by the script. A typical choice is in the 500 to 1000 range. When a collector mints an iteration (i.e. they make a purchase), the script is run to generate a new output, and that output is wrapped in an NFT and transferred directly to the collector. Nobody, including the collector, the platform, or the artist, knows precisely what will be generated when the script is run, so the full range of outputs is a surprise to everyone.
Note the two key differences from earlier forms of generative art. First, the script output goes directly into the hands of the collector, with no opportunity for intervention or curation by the artist. Second, the generative algorithms are expected to create roughly 100x more iterations than before. Both of these have massive implications for the artist. They should also have massive implications for how collectors and critics evaluate the quality of a generative art algorithm."
- This is even more ridiculous a proposition, then - "Pay [something] to get a [receipt of a receipt] of a [thing that didn't exist until you paid for it]!". Why?Nairn
- If you ask me, it's doubling up on the buzz you get when buying. It's adding a gambling/chance element to a collectible.microkorg
- Collectors love mystery/blind pack collectibles. Kids love Kinder Surprise!microkorg
- Kinder Surprises cost a pound and come with free chocolate and an actual, physical thing to play with. Good to clarify that it's just a form of gambling tho.Nairn