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Although NFT buyers can be unbelievably gullible, I don't think it applies to all circumstances, including this one. I would say the NFT creators are more gulli
by vmception 5y ago
Although NFT buyers can be unbelievably gullible, I don't think it applies to all circumstances, including this one. I would say the NFT creators are more gullible, as its actually quite crowded at the bottom with the majority of works ignored, and they are the ones paying hundreds of dollars in transaction fees to release their NFTs, after spending time on it.
Basically, for this, the artist's words are just icing on the cake. The story is good enough, and it also inherits a provenance that is lightyears beyond anything outside of the NFT space, which alone has value, simply because it was first and predates anything Banksy subsequently releases.
What is actually happening in the NFT space is community building. Where certain NFTs convey a belonging to a community. If you had transparent information from other surrogates for the same thing, you would see similar or greater values of transactions over the last 30 years. How many people spent time and energy evolving a Charizard? How many communities were made around that? What if the Charizard had global-state enforced scarcity? Are they gullible? Replace with any other coveted item. For now, these are the kinds of NFTs actually making the headlines.