Don’t forget about nfts there the future man they can’t be replicated man where can you spend 100k and by the end of the week your investment is worh $3.50
NFTs weren’t created to be the proof of ownership of digital art, they just happen to be associated with that because that’s what the majority of them were created for.
The NFT isn’t the art that can be copy-pasted to any computer, it’s the proof of ownership. Criticizing them by saying “I can just download a copy of the picture!” is like saying copyrights are useless because you can use tools to rip movies from streaming services, sure you “own a copy”, it doesn’t make you a rightful owner of it from the perspective of the law.
The intrinsic value of any art is what someone is willing to pay for it.
For example the world’s most expensive NFT, The Merge by Pak, sold for $91.8 million. Its price was higher than the sale of Jeff Koon’s Rabbit, the most expensive artwork by a living artist at auction. It’s all about personal tastes and how deep folks wanna dig in their pockets with this stuff.
Its not a jpeg man its an nft it uses blockchain man it can’t be replicated its totally the future
It’s funny you say this because in the near future once blockchain usage becomes more mainstream, you’re going to see NFT tech used for things like concert tickets, sporting events, movie tickets etc… because they can’t be counterfeited and produced at a fraction of the cost of traditional tickets. As long as the NFT sits in your crypto wallet, you’re granted access to the event.
People tend to forget how much the original web was plagued with scams and such, or maybe some are too young to even know much about it… Crypto is new and will take some time before it matures. But I believe decentralization is the future and is one of the reasons I’m on Lemmy.
Crypto isn’t new. Bitcoin’s initial release was in 2009. Two versions of MS Windows have been released and EOL’d since then. Five Star Wars films have been written, filmed and released since then. Intel released all 13 generations of their Core i# processors since then.
Don’t forget about nfts there the future man they can’t be replicated man where can you spend 100k and by the end of the week your investment is worh $3.50
NFTs weren’t created to be the proof of ownership of digital art, they just happen to be associated with that because that’s what the majority of them were created for.
The NFT isn’t the art that can be copy-pasted to any computer, it’s the proof of ownership. Criticizing them by saying “I can just download a copy of the picture!” is like saying copyrights are useless because you can use tools to rip movies from streaming services, sure you “own a copy”, it doesn’t make you a rightful owner of it from the perspective of the law.
But there worthless because digital art is intrinsically less valuable than real art
The intrinsic value of any art is what someone is willing to pay for it.
For example the world’s most expensive NFT, The Merge by Pak, sold for $91.8 million. Its price was higher than the sale of Jeff Koon’s Rabbit, the most expensive artwork by a living artist at auction. It’s all about personal tastes and how deep folks wanna dig in their pockets with this stuff.
Where you spend 100k for a JPEG
Its not a jpeg man its an nft it uses blockchain man it can’t be replicated its totally the future now let me plug in 50 gpus I got to start mining
It’s funny you say this because in the near future once blockchain usage becomes more mainstream, you’re going to see NFT tech used for things like concert tickets, sporting events, movie tickets etc… because they can’t be counterfeited and produced at a fraction of the cost of traditional tickets. As long as the NFT sits in your crypto wallet, you’re granted access to the event.
People tend to forget how much the original web was plagued with scams and such, or maybe some are too young to even know much about it… Crypto is new and will take some time before it matures. But I believe decentralization is the future and is one of the reasons I’m on Lemmy.
Crypto isn’t new. Bitcoin’s initial release was in 2009. Two versions of MS Windows have been released and EOL’d since then. Five Star Wars films have been written, filmed and released since then. Intel released all 13 generations of their Core i# processors since then.