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by web2sucks 1687 days ago
Are you serious? Artists aren’t getting paid? XCOPY a London based artist has made over $10 million on royalties from his NFT artwork. Please supply evidence to back up your bogus statements. NFT provide trust less royalties directly to the creators wallet with no middleman.

Source: https://xcopy.art/ https://superrare.com/artwork-v2/dankrupt-29757

Here’s another artist, Clon, he used to barely sell physical art at festivals, now he’s a multi million dollar art studio, because of NFT royalties. https://twitter.com/cloncast/status/1457425724860633090?s=21

Most people on Hacker news aren’t doing an ounce of research into the potential of NFTs and it’s clearly recognizable when i read all these comments. Reading a few articles by Bloomberg is not sufficient. You will all be left behind.

4 comments

Let me ask you, let's say that I get one of these artists to draw up a contract and sell me one of their peices of art. Do you think it will command the same value, more value or less value than the equivalent NFT associated with it?

Becuase I take a look at this and it looks to me like all of this commercial activity has basically nothing to do with the art. I would kind of get it if you pointed to me to a guy whose selling peices of art for a few bucks, maybe $50-100 and selling a decent number of them who you know... like the art. But what market is this? These aren't art collectors who are just using the new medium is it. They're not fans of the art. They don't have thousands invested in traditional collections. They're not going to buy the same art, but off-chain. So is this really anything to do with paying artists at all? Who are these people who are suddenly rushing to pay thousands of dollars to artists?

Is this "StarryNight" who paid $2000 for this NFT excited to be supporting xcopy. Or is it the account of the venture capital fund of the same name? That's not exactly the story of giving power to creators that we were being told is it?

I think the problem here on HN is actually the opposite of what you're stating- the second you do do an ounce of research these claims start looking more and more fishy.

Are people buying art or speculative tokens? This is horse betting with extra steps. Absolutely fantastic for them that they're getting paid for their work, but considering this as sutainable or something that can be achieved by any artist outside of the NFT betting bubble is naive.
Your last sentence reads like FOMO. Not sure if it's intended, but it seems that you are making an argument for NFTs as a tool for speculation.
How many artists mint an NFT and don't even make back the minting fee because their art doesn't sell?