NFTs

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  • scarabin1

    Apart from the video game and music stuff being cross-platform (which would be dope), it appears to be basically animated gifs ‘n’ screensaver shit. Why would i want to “own” an animated gif?

    I just don’t see the appeal, it’s like someone saying suddenly all the bits of scrap paper on the ground are collectible, but only to people who nerd out on blockchains. My reply to that is basically good for them, but from the outside it seems ludicrous.

    Clearly, i’m missing something? And i love this techy shit

    • I think you're right. People seem enamored with the purchasing technique but the underlying asset has basically no value. I don't think Peeble would have hadzarkonite
    • difficulty selling out his artwork no matter the venue, but somehow folks are acting like it's the NFT that made it possible.zarkonite
    • read in an article on cointelegraph a few days ago Beeple gives no fucks about NFTs, he just wanna get paid (Christies auction)grafician
    • Beeple: "Nobody's going to give any shit about how NFT's work or what blockchain they're on."grafician
    • Selling canvases makes sense but owning digital art seems utterly pointlessscarabin
    • I think i just need to read more about itscarabin
    • ‚early 21st century art‘. just imagine 2029 when MoMa calls to secure the exhibition rights for a gif you bought with some hash online.uan
  • dkoblesky1

    Think of it this way. People spend an enormous amount of time online. The internet is faster than ever. Cryptocurrency is easier than ever.

    There are online communities where you can purchase space and put artwork in it. These are from cryptovoxels. Really easy to check it out. https://www.cryptovoxels.com/

    there are others.

    People buy space and populate their space with all kinds of art. Screenshots below just a few things I captured in a few minutes at cryptovoxels

    Its like a game...but there is no game. It is more like status. But with real value.....so proof of ownership is important.

    I went to a party at cryptovoxels recently. There was dancing and music. I saw Beeple. I knew it was him because there was a sign on his avatar that said Beeple. I knew it was actually him because it was a legit event where it said he would be there.

    It is the Street - coming to fruition

    • So it’s Minecraft and you can pay money to decorate your “walls”. And i’ve been going to virtual parties since Habbo Hotelscarabin
    • well then you are a natural for the NFT worlddkoblesky
  • dopepope3

    There's two aspects that appeal to me. As a digital artist, there's no 'original' in the way there is one for an actual tangible painting or drawing. Those originals can be sold for large sums of money, and cherished. This NFT thing allows there to be in essence, an 'original' of a digitally created piece. And that can be sold as such.

    Secondly, when an artist sells their original painting, and then that new owner sells it to another, the original artist gets no money from that secondary sale. But once an NFT is made, any resales kick back to the artists wallet for life (with some caveats), thus making 'flippers' work for them, as opposed to being the scourge of the art world.

    • I'm good with any kind of sale of something I make on something purely for myself. That alone is cool. Soon, I hope.dkoblesky
    • The built-in royalty system seems like a good idea. So if I take a screenshot of your art and just use that instead, why does an NFT have any value after that?zarkonite
    • What stops you from sending me one of your works as a JPG by email with a MD5 hash and me sending you money for it on cash app boom done deal!grafician
    • you can also add a contract that says you get 10% of any future sales in perpetuitygrafician
    • no need for NFTs, otherwise anyone can argue that all this is a scheme to pump ETH price (apparently it's working)grafician
    • I think it breaks down for me when you say it makes an “original” of the digital file. You just can’t convince me that’s valuable. It seems like a faith issuescarabin
    • indeed. I guess you're putting faith in the crypto, and faith in the artist, and faith in the tech.dopepope
    • and grafician, nothing stops you from doing that. This is just another way of doing that.dopepope
  • grafician1

    "The skeptics' introduction to cryptoart and NFTs for digital artists and designers"

    https://justincone.com/posts/nft…

    read on, this pretty much covers everything, then discuss with a more informed opinion

    p.s. you also need to be a well known artist already, or even an internet personality or something to get any cash for your art/"art" this meaning you need a large following on social media etc.

    from around here, surely dopepope or antimotion could potentially maybe sell something, but anyway good luck

    • p.s. Beeple could still sell his 5000 piece at Christies as "digital art" even without NFT backup, so yeahgrafician
    • p.p.s. smh stop downvoting, what are you 12? post your reply for the sake of discussion insteadgrafician
    • the $millions for pixels seems peak bubble crazy shit to me...jonny_quest_lives
    • Thanks for the linkscarabin
    • agreed grafician. Debate and discussion is valuable. all sides should be explored.dopepope
    • On the other hand, selling some code that actually does something ex: the code for the Doom game would mean somethinggrafician
    • But I'm a skeptic in the sense that I don't think we need the NFT tech & ETH to sell digital art, that's my 2cgrafician
    • other than the baked in royalties as mentioned earlier i dunno how this trumps an artist releasing limited editions on their own through their own webshop.jonny_quest_lives
    • ^exactlygrafician
  • toomanypillows3

    • Does the buyer gain the intellectual property? Like it’s fully licensed and they can sell toys and stuff of it? Or do they just get to say they own a GIF?scarabin
    • I don't know. It is all very confusing at a certain point. Ask MC Hammer. He probably knowsdkoblesky
    • That would be the nature of the contract.dopepope
    • "Owning this piece grants the following stats:

      Charisma +10
      Luck +10
      Happiness +15"
      grafician
    • @scarabin Pretty sure nobody thought about those things, this thing with NFTs is just making it up as they go for nowgrafician
    • Start a company, buy Nyan Cat, turn it into a real brand, profit (>Million-Dollar Ideas thread)grafician
    • I don’t get NFTs ...atomholc
    • sold for 300 ETH lolgrafician
  • ESKEMA2

    https://zora.co/xyz/596

    1x1 transparent pixel.
    sold for .2 ETH

    hehehe. love the chaotic nature of all this shit. People complaining should just start playing. Life is supposed to be fun.

  • antimotion5

    @grafician -

    Thanks for the mention! I absolutely agree that an artist like DP and a few other folks here could totally rock the space. And thanks for posting Justin’s guide - I’ve sent that to a few folks as well - it's a great overview.

    Throwing my cards on the table here - truth be told, it's been a challenge to sell, but I am pushing hard and have made some real progress... Slowly but surely.

    A point I'd like to add to this discussion as to WHY I am being so "bullish" to use a crypto/trading term is that for years it's been nothing but rejection in the form of auto-reply or crickets when I sent work to illustration houses and agencies. I lost count of how many emails I’ve sent - I wouldn’t be lying if I said it was in the thousands. This is a long period of time of course, through economic highs and lows. But rejection nonetheless was and is a constant.

    Rejection aside, I’ve never been one to back down or get depressed. Disappointed sometimes of course because we’ve all tried to be a part of something that we were absolutely sure we would fit, but it wasn’t written in the stars that time...

    Originally, I got into graphic design because I loved Rave Flyer art, collecting them in the early to late 90s going to parties on the east coast. I felt like some of the pieces were literally like holding another dimension in the palm of my hands. I had never seen work like that - odd illustrations that weren’t exactly sci-fi or fantasy, but something else. It was an underground form of art that can be compared to any other movement - impressionism, surrealism, etc. But I don’t think it had a name to the best of my knowledge... That doesn’t mean that it wasn’t “something.” It affected me and literally changed my trajectory career-wise. Graphic design allowed me to create art where I could inject my love of that electronic energy, technical prowess, illustrative nature, and story - abstract or otherwise. I have that same feeling now...

    This NEW movement is moving fast - no pun intended... The SITUATION is a trend, but the ART is not. The art is real and is as real as it’s ever been - the technology to bring it to the masses is simply another production step much like adding gloss finish to a collage or running a screen-printed tee shirt through a dryer.

    What the technology brings to some of the artists that have been producing digital works is justification and specificity to some of the pieces... Yes, there are some who will take advantage of an easy route - copy and paste, but as horrible as that feels, they themselves are making a statement. Warhol comes to mind with his mass-produced art - a picture of a can of soup that he himself didn’t design, yet, he made it substantial because he looked at that can from a different point of view - an artist’s point of view.

    I of course can’t speak for other artists, but for me, this has been nothing short of an open door - and unlike some of the aforementioned agencies that wouldn’t even allow for a small peek inside, the crypto art community has been nothing less than open arms.

    • Idk, I think you do great stuff, but you need a bigger following to capitalise, as with anythinggrafician
    • because with art, any art, you don't buy the work, you buy the name, you buy the prestigegrafician
    • and coming back to you, have you considered developing some IP for a anime series or something related? instead of pitching agencies and the like?grafician
    • Thanks again G for good points - yes, have thought about IP and may have some balls in the air, but I actually pay the bills via design for clients.antimotion
    • I'm pushing hard to flip that and grow the base as you mentioned.antimotion
    • One thing re. follows however - beeple for instance sold a ton, but it took 15 years to get there... and of course Paula Scher's famous note about citi logo:antimotion
    • "It took me a few seconds to draw it, but it took me 34 years to learn how to draw it in a few seconds"antimotion
    • I feel positive about this movement and urge creators to try in a more "why not" mode rather than "why bother" - this is of course an opinion of one ; )antimotion
    • Consistency is key here, actually from what I've read, instagram and the social media algorithms love consistencygrafician
    • My first job in the mid 90s was at a print shop that did a lot of nightclub passes and rave fliers. The rave guys would come in stoned and stay hours.CyBrainX
  • grafician3

    and again:

    "The problem of CryptoArt
    by Joanie Lemercier"

    https://joanielemercier.com/the-…

    "It turns out my release of 6 CryptoArt works consumed in 10 seconds more electricity than the entire studio over the past 2 years.

    This lack of transparency basically ruined two years of efforts."

    • Cardano fixes thatESKEMA
    • ETH 2 fixes it alsodkoblesky
    • Interesting. I had no ideaBannedKappa
    • AI and Ml have this same problem. Huge computing takes huge energy.jtb26
    • One could argue AI and ML are not really necessary at all when used to recommend better ads?grafician
    • At least ML/AI have low energy to operate once the models are trained. Crypto only seems to grow.monNom
  • dkoblesky-3

    The key concept about NFTs is the idea of 'collecting'

    I do not understand it. I have never collected anything. I do not think I am better than collectors...I just never really understand it

    But there are a huge number of people in the world for who this is a nearly primal urge. People collect anything and everything, and get really into it. So there is value there, people are willing to part with money to get what they want.

    NFTs have unleashed the idea of collecting into the digital art world...and it appears to be a very powerful force.

    There are those that say 'you can just screenshot the art'...which is the same as saying to collectors...'you do not need to buy books....just go to the library.' It is not the same for collectors. They want to own something.

    • Yeah, but what they really own is an address in a blockchain to the artwork, not the artwork in anyway. It's false sense of ownership.grafician
    • And many of the new "owners" are just tech bros or geeks looking for peer acceptance of sorts?grafician
    • Also tell me you'd rather collect gifs instead of classic sports cars for the same money lolgrafician
    • not all collectors collect 'classic sports cars'dkoblesky
    • Your first point is moot if they are indeed collecting gifs, then it is irrelevant to them what the nature of a gif is.dopepope
    • your second point is moot because the same can be said of collectors in the 'real' world.dopepope
    • i think it works well...like bitcoin does. once you create a scene, enough ppl that see value in it, you get a market.uan
    • uan - that is true - a lot of what we think has value is actually an artificial creation...we just have all bought into itdkoblesky
    • You misunderstood: given the choice of having $500k would you collect gifs or cars.grafician
    • what a dumb question. there is no right answer for that.ESKEMA
    • How so? somebody just paid that kind of money for Nyan cat gif, can you justify that in any way?grafician
    • They did it because they can and wanted to.ESKEMA
    • you're asking what ppl should do, but we're arguing what ppl actually did.dopepope
  • toomanypillows0

  • grafician-2

    NBA's Top Shot NFT trading cards are #1 in volume, with a long second place taken by those crypto punks avatars, crypto art barely registering.

    Talking about collectible assets...

  • PhanLo0

  • 5timuli0
    • https://i.imgur.com/…

      "My token holds my ownership of the tape, and I can redeem the physical tape anytime..."
      5timuli
    • "...or I can just hold the token as it goes up in value."5timuli
    • The only thing I don't understand here is that without redeeming the token you can't enjoy the physical art (whatever it may be).5timuli
    • Why this, and not anything else (stocks, crypto) as a store of value? Bragging rights?5timuli
    • you don't own the object but own its metadata...renderedred
  • shapesalad0

    https://decrypt.co/59463/crypto-…

    "Crypto Art on Sale at Christie's Hits $1 Million Within 10 Minutes

    Bidding for a piece of digital art at auction house Christie's reached $1 million within just a few minutes of going on sale."

    • HYPE is officially set to 'on', adjust your scanners, tune your radar, it's time to dial in ...shapesalad
    • in a now deleted tweet Michael Burry cited NFTs as a bubble indicator https://i.redd.it/sj…jonny_quest_lives
    • i think the NFT art market maybe an indicator but I can see the utility of using them to transfer in game assets to another but game developers would needjonny_quest_lives
    • to come up with a universal perk/trait set to make them more useful in newer games rather then just pure cosmetic enhancements.jonny_quest_lives
    • so you need a blockchain to transfer some file sources from one game to another? smh

      why not invent an interchangeable file format between games, duh
      grafician
    • also what would Banksy think about this shit LOLgrafician
    • @grafician my use case example was about the only utility i could come up with as it would remove the burden of verifying the ownership of the in game asset butjonny_quest_lives
    • yes to your point game developers would have to create a universal perk set/code that was interchangable between games that they could all agree uponjonny_quest_lives
    • and if your at that point why bother with the blockchain just create a standard and update the standards but dropping support at any given moment for a gamejonny_quest_lives
    • is something game publishers like to do as it can save them costs and having a legacy interchangeable file format between games to support indefinitelyjonny_quest_lives
    • affects the bottom line so yeah never mind to many hurdles/ agreements publishers would have to make with each other...jonny_quest_lives
    • better to release the game encapsulated so to speak and if you need to drop it due to poor sales they (publishers) are not on the hook for supporting legacyjonny_quest_lives
    • in game assets... and be liable if said asset creates an unpredictable behavior in a new game. I get it. pubs are risk averse. like myselfjonny_quest_lives
    • but it's fun thought exercise to actually see if this NFT stuff is viable... I saw on Hydro74's insta he did a release of art and it sold so kudos to himjonny_quest_lives
  • grafician-1

    if this ain't a fucking bubble...

  • PhanLo0

    Crazy amounts of money.
    -

  • zaq0

    a good article about NFTs from a16z
    https://a16z.com/2021/02/27/nfts…

  • cherub0

    Went to the rarible discussion boards to see what people are saying. Found this:

    MINTING FAILED MONEY GONE

    Everything is working, I get charged...but then, when I click to start minting, it fails.

    The worst part about this is that I can not pick up where I left off on the creation of the NFT...so the crypto is down the toilet.

    I have tried a few times trying to make various NFTs, some single...some multi...it fails on the minting part every time. It is money down the drain, is Rarible a scam or am I just experiencing some horrible issue? Any help is greatly appreciated!

    How can I complete the token creating process for the NFTs I have already started but failed on the minting process? They are not in the “Created” tab. Am I S.O.L.?

    /

    Um guys, maybe if u do this don't use rarible? Sounds dodgy

    • variable has been getting a lot of flack for this.dopepope
    • RRRRRRRRRdopepope
    • Is this even rarible's fault? If the minting fails it still charges you... that sounds like it could be an etherium Api problem no? It should wait to see ifcherub
    • mining is successful before taking your etherium coin. I wonder if Opensea is any better.cherub
  • DaveO4

    I have a few JPEGS for sale if anyone's interested.

    • Fax me the info.utopian
    • Do you accept Neopoints or Neocash?palimpsest
    • Print it, ship itgrafician
    • Discounts for DogecoinDaveO
    • Depends, what the quality setting? I don't buy anything under the 90% jpeg setting. SVG are fine though.shapesalad
  • cherub0

    Update: failed minting is etherium's fault. listen up.