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The degen apes market cap is 133 million USD. Also you can download all 10000 in minutes with: mkdir copy-all-degen && cd copy-all-degen && curl -O "https:/

The degen apes market cap is 133 million USD. Also you can download all 10000 in minutes with: mkdir copy-all-degen && cd copy-all-degen && curl -O "https://data.solanart.io/img/degenape/[1-10000].jpg" Crazy times.

quartz 5y ago
I don't follow Solana, but assuming their NFTs are the same as Ethereum's, the long-term potential value is the proof of ownership and the rights that may bring, not the image itself. I can take a picture of someone else's bank balance, I can even edit the html on a picture of my own bank account to have the same numbers and post that on twitter. It's the same pixels, sure... but it doesn't let me spend the dollars.
- Daishiman 5y ago
  NFTs don't bring proof of ownership. You can mint whatever. The only real protection to ownership is given through copyright and by asserting that legal right. Everything else is smoke and mirrors.
  - quartz 5y ago
    As a creator you absolutely CAN validate ownership of your creation uniquely from anything else ever minted. That's the whole point. Someone else can't just mint the same thing and pass the same digital validation. Example: If I were a famous artist, sold NFTs with my art, said you could only enter my gallery opening if you are an owner, you absolutely can't fake that by "minting your own". The signatures wouldn't match.
    - verdverm 5y ago
      Also there is an NFT for the Mona Lisa
      - quartz 5y ago
        Sure, and there are also billions (?) of photos of the Mona Lisa, countless fakes, drawings, scribbles, desktop wallpapers, and posters sold. The owners of those things aren't holding priceless art they can resell but they do definitively OWN those things despite their value generally being at or close to $0. It's the same for NFTs and your example proves my point. It's never been about the image, it's about the provenance. At least in recent history, visual content has always been copyable, and digital content PERFECTLY copyable, but NFTs are unique in that they attach an easily verifiable ownership record to digital content, much like physically holding something provides ownership in the real world to complement the physical characteristics. I don't see anyone in this post's comments calling for the end of paper because someone used it to print a photograph of the Mona Lisa and someone could potentially try to sell it (although I imagine some people argued this when photographs came about). New mediums have always started their lives looking like copies of old mediums.
        verdverm 5y ago
        > but NFTs are unique in that they attach an easily verifiable ownership record to digital content Attach to as included with the download, or point at as a separate piece of data?
  - siavosh 5y ago
    Will (are) legal courts defending NFT ownership as claims over the digital good?
- Ekaros 5y ago
  Ownership and rights? That would actually mean that if I buy NFT I could DMCA the original locations I downloaded it from? And possibly even in many cases any other sharers...

quartz 5y ago

I don't follow Solana, but assuming their NFTs are the same as Ethereum's, the long-term potential value is the proof of ownership and the rights that may bring, not the image itself. I can take a picture of someone else's bank balance, I can even edit the html on a picture of my own bank account to have the same numbers and post that on twitter. It's the same pixels, sure... but it doesn't let me spend the dollars.

Daishiman 5y ago
NFTs don't bring proof of ownership. You can mint whatever. The only real protection to ownership is given through copyright and by asserting that legal right. Everything else is smoke and mirrors.
- quartz 5y ago
  As a creator you absolutely CAN validate ownership of your creation uniquely from anything else ever minted. That's the whole point. Someone else can't just mint the same thing and pass the same digital validation. Example: If I were a famous artist, sold NFTs with my art, said you could only enter my gallery opening if you are an owner, you absolutely can't fake that by "minting your own". The signatures wouldn't match.
  - verdverm 5y ago
    Also there is an NFT for the Mona Lisa
    - quartz 5y ago
      Sure, and there are also billions (?) of photos of the Mona Lisa, countless fakes, drawings, scribbles, desktop wallpapers, and posters sold. The owners of those things aren't holding priceless art they can resell but they do definitively OWN those things despite their value generally being at or close to $0. It's the same for NFTs and your example proves my point. It's never been about the image, it's about the provenance. At least in recent history, visual content has always been copyable, and digital content PERFECTLY copyable, but NFTs are unique in that they attach an easily verifiable ownership record to digital content, much like physically holding something provides ownership in the real world to complement the physical characteristics. I don't see anyone in this post's comments calling for the end of paper because someone used it to print a photograph of the Mona Lisa and someone could potentially try to sell it (although I imagine some people argued this when photographs came about). New mediums have always started their lives looking like copies of old mediums.
      - verdverm 5y ago
        > but NFTs are unique in that they attach an easily verifiable ownership record to digital content Attach to as included with the download, or point at as a separate piece of data?
- siavosh 5y ago
  Will (are) legal courts defending NFT ownership as claims over the digital good?
Ekaros 5y ago
Ownership and rights? That would actually mean that if I buy NFT I could DMCA the original locations I downloaded it from? And possibly even in many cases any other sharers...