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by Noos 1935 days ago
This part made me wonder.

> So, if you were to buy an NFT from me, in a sense, you are buying STOCK in me because you believe that I (or my art piece) will continue to create more work and add more “value” to that stock over time.

So essentially, this has nothing to do with art, it's a way for artists to get in on the stupid money speculation train everyone else seems to be addicted to. You "own" the token in order to buy low and sell high, rather than it really mattering in itself.

We really are doomed, aren't we?

1 comments

Oh yeah. At least at some point in the Tulip Mania, someone was actually trying to sell someone else a tulip bulb - even if by contract for a tulip at a later time.

I don't even know what this is. The most prominent NFT seems to be NBA Top Shots, and even then it seems like the speculation is on something like... an ownership claim on a limited number of pointers to play-specific metadata referring to content licensed to Dapper from the NBA, that lets decide how you want to showcase them on the platform.

No one is even promising you a goddamn tulip bulb.