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I'll give it a shot – and you might already know all of this. So let's say you're Van Gogh, and you just finished painting "Starry Night." Let's say in this hy
by deebosong 6y ago
I'll give it a shot – and you might already know all of this.
So let's say you're Van Gogh, and you just finished painting "Starry Night." Let's say in this hypothetical scenario, you made it in a context that already celebrates your work and is willing to pay you insane sums of money for it. You sell it to the top bidder and there's all the papers that say X buyer now owns "Starry Night," bought the original painting for $70million. But you as Van Gogh still own the rights to licensing reproductions of it, even if there's only one original. The entire village you're a part of now buys printed copies of the painting. You get to hang the original painting on your wall. Everyone else also gets to hang a printed copy on their walls. Everyone, including Van Gogh and you and the village people, all know who owns the original one. The copies maybe can be resold for perhaps $1.00. Maybe even $10.00 if you're a shrewd negotiator. But the original can resell for a bajillion dollars.
So I know people throw this example around with variables swapped out. And for me, I'm a digital artist, and it didn't click until I saw artists I genuinely respect and admire and have followed for years post their GIFs on NFT sites. Other artists' work that I'm not interested in, I thought to myself, "This is stupid; what a load of crap." But for the artists I genuinely admired? I didn't go so far as to want to buy their GIFs but I definitely was rooting for them to get top dollar. For me, I already valued their work before any NFT stuff. So when they posted it on auction sites, I knew it was worth something and had power to it. I could see myself saying, "It would be cool to own that GIF" for the first time ever. It's a feeling, that is different from right-clicking. It felt more like a personal connection to the artist.
So if the artist were to then mint the exact same GIF on another platform because the ETH 1.0-based ones collapse, OR, this who NFT art speculation thing goes bust and it becomes worthless? I'd feel like the mad left with the bag, so to speak, and feel a bit dumb. But I can't deny that I wanted to own rights to GIFs from artists I deeply respect, and that seeing many others ascribe real monetary value to said GIFs completely changed my perception that GIFS can be imbued with value. Again, if the bubble pops and these become worthless? Then yeah, everyone who paid any money for these GIFS looks like an idiot.
Long story short it feels like a kind of personal connection to the artist. Might just be some woo woo nonsense, but seems like many people buy things from a visceral emotional reaction, rather than cold hard logic and reasoning. Not saying everyone does. But many definitely do.
- itnwg 6y agoSo long story short, you should see the entire purchase history of a NFT and see who is the creator by their Ethereum address , and then if its the address of your preferred artist you would buy that NFT ..!
- account-5 6y agoThanks. I still don't really get it, I don't see myself ever buying into it. But then I can remember thinking having a camera on a phone was pointless back in 2003/2004 too so what do I know.
- deebosong 6y agoSo after a few more days of wrestling with wanting to make vast sums of money from the current hype with NFT art, and finding no settled ground to rest upon, I think it's kinda silly. I even went so far as to download GIFS from artists I respect and admire. I then made a slideshow of them on my phone. It was one of the most easiest DIY projects I've ever done, and even if I love making art, I'm not a DIY type of person for home improvement projects. All that is to say, with each passing day, I think it's kinda bullshit. It seems like if you're an artist trying to get in on the money faucet from crypto whales, you tacitly or explicitly choose to rub shoulders with the crypto riche, make art that appeals to their vanity and ego, and hype yourself up and other fellow artists and NFT buyers, to hope they do the same when it's your turn up at bat. It turned my social media feeds into an unbearable and overwhelming hype machine frenzy and I had to get away from those spaces altogether. I think the whole thing is kinda corny, but some of my buddies are making serious money from playing into all of it. I wonder what it will look like if and when the money faucet shuts off.