NFT? Is this for real?

All that crypto stuff is rather volatile. Might be a burst bubble might be just a regular swing.

We wil see in a couple of years.

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Because I’m slow and stupid and still don’t understand…

So, I can buy an old, used, Jaguar or Tesla, clean it up to look real nice, take a photo of it, mint that as an nft and sell it, change the color of the car in photoshop, mint that as an nft and sell it, actually paint the car a different color, mint that and sell it, then do an nft of the actual car itself, sell that nft, but still retain possession and ownership of the actual car, put some rims and a spoiler on the car and repeat all of the above, and actually expect somebody out there to pay cash for this?

This example inspired by several NFT that look like scans of magic the gathering or pokemon cards imported into blender, an iridescent shader was added to them and then a 360 spin animation and then they were put up as NFT.

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You perfectly understand it. Yes, it is stupid :slight_smile: .

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You summed it up perfectly.

the buyers of nfts can prove they are one of the 1/1 owner of the infinite 1/1 originals you can make.
Buyers argue that it’s all about trust, and that you can see if someone is making multiple copies. (Like with fake traditional art someone’s who is an expert can see it’s fake) but then nft solves nothing and adds nothing to the table, except introduces more problems and accelerates environmental problems…
I double dare any nft collector that they would not buy a single piece of art even if there were non - crypto ways of proving it’s a digital original/ traded with fiat money , because it has never been about the art in the end. It has always been about flipping it to the next idiot in line, and hoping you are not the last idiot, and doing all that is so much easier with crypto.

Yep, it’s actually a very simple scam. And they ran it, selling tickets (for cash) all the way, until eventually it peters out. Then, they walk away with their legal tender and leave the suckers to figure out they’ve just been fleeced.

But, you know, “the suckers did it to themselves.”

If you actually want to make money, you secure the copy- right. And the key word here is “copy.” You want there to be lots and lots and lots of copies, and for you to get paid a royalty for each one.

For instance: Every single time any song is played on the radio or on sattelite, anywhere on this planet, someone’s out there tabulating every single time it happens, and the copyright owner will be paid. Every time you buy an album or a download, money goes to the copyright owner. It’s just a fraction of a cent but it adds up. A “hit” song makes more money because it’s played and downloaded more often. So-called “PROs = Performing Rights Organizations” are in business to do this on behalf of artists. Look on the back of any record that you have, and you’ll see: ASCAP, BMI, or SESAC. I myself get a check from them several times a year. Accompanied by a detailed statement listing the names of countries I’ve never heard of.

I don’t want to sell a single piece of art one time for $100,000. I want to sell a million copies and get paid ten cents each. Then, ten or fifteen years from now, the checks are still dribbling in. I want to see a licensed copy of my work on every street corner. That duly-registered copyright certificate is to me pure money, and in the USA it cost me $35.00.

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I don’t know what part of my brain thinks, I want this to be my first (and possibly only) contribution to blender artists, but NFTs are real frustrating to read about. If this bubble hasn’t burst for the last time, and if somehow this idea continues to attract the imagination of artists, it is worth connecting it to the correct real world analogy. NFTs are not selling the art, they are selling the certificate of authenticity. They do so with the explicit and agreed knowledge that the actual artwork being certified is not included in what is being sold. In fact it is expected that the digital original will be copied and distributed freely.

NFTs also operate without any respect to the actual owner of the artwork. NFTs can and are created certifying ownership of works that the NFT creator has no legal authority to without and against the legal owners wishes.

It is nice to wax poetic about how everything is meaningless in financial systems, and it is all about what we agree has value… but we typically don’t agree to something as awkward as this for very long. If you realize that you cannot appropriately use metaphor or simile about how this is like some other moment in art history, because you are not selling the artwork, you are selling the certificate of authenticity without the artwork.

This is not like selling limited edition prints, it is like selling limited edition certificates of authenticity… with a url linking to the original artwork. It’s inherently weird.

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Well, you can mint it. If you can sell it is up to the buyer. Just like with any normal art. You can throw paint at a canvas and try to sell it. It has worked before. But for most people it does not.