4 ms·

There's a couple things: I like the fact that it's normal to include royalties on secondary sales, I think that it much better for the artist. I generally lik

There's a couple things: I like the fact that it's normal to include royalties on secondary sales, I think that it much better for the artist. I generally like generative art and there's really been a huge explosion in generative art being produced. I already followed some of the artists that have minted and was excited to more fully participate by buying some of their NFTs I don't find NFT ownership that different than high end physical art ownership (high end enough that you simply don't display it, but display a replica instead) Lastly for the friends I have bought from, donating money and buying something are very different social interactions. IMO donating money creates an implicit power imbalance, there's a connitation of being owed something in return. Instead I am buying something from them, that is a market based interaction & while it has good feelings associated there is no power/reciprocity imbalance there. They aren't doing this for their full time job, just a fun hobby.

Vinnl 5y ago
Thanks for sharing - I didn't know about the royalties, if that works then that's sensible. I'm afraid I don't quite understand why NFTs would be necessary for the rest though, other than just being a contingent catalyst stimulating the creation of generative art. If it's purely the fact that you're buying something from them, them sending you an autograph, or a video in which they say "thanks X6S1x6Okd1st for buying this video" seem to have the same effect (though with the "downside" of you not being able to resell it to make money off it yourself).
- X6S1x6Okd1st 5y ago
  Another property of NFTs I enjoy is that being an early supporter of an artist can yield you sharing in their future success.
  - Vinnl 5y ago
    Is that not only if you sell the NFT to someone else again, presumably because the artist has become successful? Do you have any insights into why that person would buy it from you - it seems the attractions you listed would no longer apply to them?

Vinnl 5y ago

Thanks for sharing - I didn't know about the royalties, if that works then that's sensible. I'm afraid I don't quite understand why NFTs would be necessary for the rest though, other than just being a contingent catalyst stimulating the creation of generative art. If it's purely the fact that you're buying something from them, them sending you an autograph, or a video in which they say "thanks X6S1x6Okd1st for buying this video" seem to have the same effect (though with the "downside" of you not being able to resell it to make money off it yourself).

X6S1x6Okd1st 5y ago
Another property of NFTs I enjoy is that being an early supporter of an artist can yield you sharing in their future success.
- Vinnl 5y ago
  Is that not only if you sell the NFT to someone else again, presumably because the artist has become successful? Do you have any insights into why that person would buy it from you - it seems the attractions you listed would no longer apply to them?