A 10-second video clip just sold for $6.6 million
- Thread starter Deleted member 431
- Start date
It's a bit like owning the poster of a painting vs. owning the actual painting.
That said – even though it's positive that this technology could theoretically mean artists would be able to profit more from their work – I'm not sure the concept of art "ownership" properly translates from the physical to the digital world. I guess we'll see if it ends up being a lasting trend.
Last edited:
I understand why creators might do this. Other than for speculative purposes, I don't understand why consumers want to sign on for a completely contrived premise of "digital ownership."
Its Art. Whoever owns the rights to the artwork, gif, whatever, makes one verified digital copy for sale. They sell it as the only true copy, whoever owns it is the only person who owns the true copy. Just like you can get a replica of the Mona Lisa for your house if you want, there is only one original copy out there.
Whether that's worth any money to you is your decision but the value works the same way as selling a 100 million dollar Van Gogh
Yep, I can understand money laundering or having fuckton of cash and not caring. That's about it.
Ok, this could work for CCGs and allow trading on digital platforms, which is also useful. From consumer/customer perspective though, it's such BS. Mind you, blockchain certainly has a lot of utility in financial industry, supply management, and much more, but this particular implementation and use is a big, giant, WTF.
okay the guy whose piece sold for that much isn't a complete nobody, this is not even that weird.
remember that people could buy bitcoins by the 1000s for nothing at one point. Lots of people still have tons.
This makes less sense to me than other art-world crap where in the digital sense if im still able to view and copy it, 'owning it' just becomes some arbitrary 3rd party telling others i own it, while anyone else is still free to get their free replicas that are 1 to 1 match.
Anyone can watch and download the gif, but only one person can "own" it. You can then tell other people that you "own" that gif, and the blockchain will attest that you are in fact the sole and rightful "owner" of that gif.
Up to you to decide if that means anything to you. To me, this is stupid meaningless. The only reason I would ever consider buying one is in the hopes of being able to sell it for a higher price to some other sucker. If everybody else thinks the same way, then you have the makings of a speculative bubble.
Last edited:
You can buy tonnes of art that's worth next to nothing cause you like it tho?
Is someone really collecting these things for fun by paying millions of dollars or do they really think they can sell it for higher?
You could also take a picture of the same art or even get physical copies of high end art pieces.
It kinda goes back to an old question of if you buy a forgery that is identical or near identical to the original art piece, is it as valuable as the original?
They probably will be able to sell it for higher. If Bitcoin is any indication, these sorts of speculative bubbles (sorry—currency of the future) can last a while.
Now, that's pretty funny. Marketing would be amazing for this one as well.
You can right click save-as the Mona Lisa on wikipedia but it won't be the Mona Lisa that people travel to see, is the easiest way I can explain it.
That's wild. I can see that working for gifs made by renowned artists I guess.
Imagine buying my entire resetera post collection.
Tell me that isn't worth millions? You can't
This made me realize someone is going to do this with Trump's Tweets cause his account has been banned.
Personally I'm happy that things which previously held no monitory value will now be able to hold value and many of the creators of those things can make a better living.
Speculation, celebrity, money-laundering, carbon emissions and philosophical concerns about the nature of value notwithstanding.
Trump's Tweets are not art, though.
Now if someone gets creative with them to create something new... why not.
It's plain old money laundering. It being tied to crypto currency just makes that even easier to hide hence this is taking off. Art has often been an avenue for these sorts of things and digital art via crypto is pretty much the perfect avenue for it to serve that purpose.
The problem I can't seem to get over is the perfect reproduction of digital art. Physical objects are difficult to reproduce exactly as the original and they don't come from the original. Most art has physical problems with it. Even digital art that museums have are printed or somehow physically manifested into existence to have value AKA to make them unique.
NFT based art just gives you a stamp that says you own the original but copies of the original are perfect copies. They are the same thing at the byte level.
NFT based art just gives you a stamp that says you own the original but copies of the original are perfect copies. They are the same thing at the byte level.
Wonder how much this would go for...
Can you monetize the clips you buy? Like you get the copyright?
Well the idea is to apply the concept of entitlement and ownership of material products to digital goods. So instead of your arbitrary criteria being the physical materials/age of the product, it 's now the crypto encoding. In the end, in both cases they are arbitrary criteria used to signify value but in nft's case entirely artificial and self-imposed.
Some of the copies / bootlegs of physical items like prints and watches and furniture is beyond good now.
On the one hand, digital artists like beeple should be empowered the same way "traditional" artists are for the display/purchase/reproduction of their art.
On the other, this shit is so overhyped and silly and with specific respect to beeple, a great deal of his art utilizes pre-existing assets.
On the other, this shit is so overhyped and silly and with specific respect to beeple, a great deal of his art utilizes pre-existing assets.
This is definitely the future, I would be extremely surprised if it doesn't happen.
BTW I'm putting all my posts on the blockchain, you all will have to send me ETH to read them as soon as I can figure out this wallet thingie.
But.... I just watched it for free?
And I can load up that tweet any time I want and watch it?????
I don't get it :\
And I can load up that tweet any time I want and watch it?????
I don't get it :\
Get with the times...
https://nerdist.com/article/nyan-cat-gif-sold-auction-cryptocurrency/
Real life huh?
