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I think the value of NFTs purely based on "ownership" will not last very long. Yes it's cool, but most of these are already on the way to becoming almost purely
by hrishi 6y ago
I think the value of NFTs purely based on "ownership" will not last very long. Yes it's cool, but most of these are already on the way to becoming almost purely speculative instruments.
Some - like punks and hashmasks among others - seem to be taking advantage of the medium, to do things with art that only NFTs can do. Art that embraces the medium and does something unique that only it can IMO will eventually win[1]. In the case of NFTS, having each piece be self-contained bits of code sitting inside an execution engine open up a lot of possibilities, from self-mutation to generation.
1 - longer summary of my thoughts: https://hrishioa.github.io/the-two-innovations-of-hashmasks/ https://hrishioa.github.io/the-two-innovations-of-hashmasks/
- biztos 6y agoAs an artist considering doing some stuff in this area, I really hope you’re right. At the moment the money seems to be chasing Instagram stars and for that purpose I find it a little boring, even if I like some of the art.