Art by already famous artist or people will be valuable always. But then it's about the person not about the art.
A random artist vs AI generated image = AI will win this
The NFT sector will come back
- Thread starter Daal
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Art by already famous artist or people will be valuable always. But then it's about the person not about the art.
A random artist vs AI generated image = AI will win this
Good catch!i think there was a cartoon movie about that
I think the whole premise of NFTs is a bad joke. Anyone can right click on it and save it as a jpeg. Who gives a shit who "officially" owns it?
Am I missing something here?
Am I missing something here?
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This exactly. They are not going to be "coming back". They are a money pit for suckers and an opportunity for money laundering.
The Guggenheim also accepted the donation of the Podesta pee camera.
https://www.washingtonian.com/2021/...-camera-yes-tony-podesta-had-a-toilet-camera/
I think a lot of the modern art world is a scam. Either donating "art" for a tax deduction or selling "art" to conceal what is actually being paid for.
Think about it. You can buy a garbage Hunter Biden painting with the expectation of special favors from certain people. Then you can turn around and donate it for a tax write off in a few years. It pays off on both ends! It's ridiculous.
JPG's, art images, digital pictures are not NFT's, but those can be used as a component of an NFT
NFT = non-fungible tokens = crypto digital asset on a blockchain that is governed by the parameters of the smartcontract code that issued (or minted) the NFT
Some NFT's have real-world utility, i.e. a proof-ownership for a RWA real-world asset, or some have no utility at all, but only for their creative art, remember when squiggly lines or rock pictures sold for millions?
The most common utility is an NFT as crypto digital proof of a membership token for an exclusive "club" or community. Bored Apes, crypto punk, et al
I think NFT's can come back in the next bull market, when there's too much money, they go into all kinds of crypto assets
However, NFT's are very very very very very risky , sure, they may be very rewarding too, but only invest a very very very small amount and do not let it be a big portion of your crypto digital asset portfolio allocation
My 2 satoshis
NFT = non-fungible tokens = crypto digital asset on a blockchain that is governed by the parameters of the smartcontract code that issued (or minted) the NFT
Some NFT's have real-world utility, i.e. a proof-ownership for a RWA real-world asset, or some have no utility at all, but only for their creative art, remember when squiggly lines or rock pictures sold for millions?
The most common utility is an NFT as crypto digital proof of a membership token for an exclusive "club" or community. Bored Apes, crypto punk, et al
I think NFT's can come back in the next bull market, when there's too much money, they go into all kinds of crypto assets
However, NFT's are very very very very very risky , sure, they may be very rewarding too, but only invest a very very very small amount and do not let it be a big portion of your crypto digital asset portfolio allocation
My 2 satoshis
What Johnny wants to say exactly is that when people have lots of money they buy shit around. Shit like NFTs.
I agree, bored apes will buy pictures of bored apes. That's a pure projection of their nature.
I agree, bored apes will buy pictures of bored apes. That's a pure projection of their nature.
Yes, the infinity of human stupidity.