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Another social experiment I've wanted to try is to start an alternative blockchain and sell popular NFTs on it. Not only are NFTs abundant, but the blockchains
by Buttons840 5y ago
Another social experiment I've wanted to try is to start an alternative blockchain and sell popular NFTs on it. Not only are NFTs abundant, but the blockchains they can reside on are abundant.
Imagine someone buys the Mona Lisa NFT for millions, and then you go and also buy the Mona Lisa NFT on another blockchain for $3.99.
Or better yet, make a blockchain that simply mirrors NFTs sold on OpenSea. Couldn't get what you wanted on OpenSea, come to SecondSea and buy the same NFT on our blockchain.
- batch12 5y agoOr on the same blockchain, you could sell NFTs that represent popular NFTs.
- bradgessler 5y agoSomebody will put a stop that with a non-fungible blockchain.
- iieme 5y agoJust photocopy some rare Pokemon cards, it'll be easier
- k__ 5y agoThis is already happening. There are a bunch of EVM compatible chains, and people already forked many smart contracts over to them.
- aceazzameen 5y agoThis is brilliant! How deep can this rabbit hole go?
- ineedasername 5y agoAll the way down to wonderland and white rabbits and red Queens is my quess. With an NFT of the Chesire Cat's disappearing smile at the bottom.
- iab 5y agoHighSea? BeamSea? BeSeaGe? DejaView? Let's brainstorm here
- alanlammiman 5y agoYes, my company launched an NFT app that is not on any blockchain (although we're looking into how you can export your NFT to a blockchain of your choice if you want). An artist can certainly sell their art in our app and on ethereum, say, just as an app can be on iOS and Android, or a stock can be traded on multiple markets. We have had people try to upload copies of bored apes and so on and we reject those, but if it's the artist, that's fine.
- Keeeeeeeks 5y agoI feel like launching a closed-loop digital art marketplace is way higher lift long term than an NFT marketplace, but don’t let me stop you from validating the “liquidity begets liquidity” saying
- alanlammiman 5y agonot sure if I'm getting your point/ if you are being sarcastic and if you mean higher lift as in 'more effort' (bad) or 'more uplift' (good). in comparing the 2 the the liquidity of the blockchain mas to be weighed against the liquidity of traditional app stores.
- bee_rider 5y agoWhat if it is an NFT for the concept of a copy of a Bored Ape?
- alanlammiman 5y agoceci n'est pas uns singe qui s'ennuie
- pkulak 5y agoI can also write up my own paper deed to my neighbor's house. It's exactly the same as his; aren't I the Mad Lad!
- eropple 5y agoDeeds have the force of law. Also actual human people care about them. Neither is true of the NFT cringe.
- systemvoltage 5y agoSame with the Mona Lisa NFT. Future buyers would only buy from the original blockchain where they can check the books to make sure someone paid millions for this in the past.
- eropple 5y agoI said actual human people. Of the constant pump-and-dump hype about NFTs online, most seem to be bots and the rest seem so foreign that I'm half-convinced they came from outer space. People care about a deed because it's a legal right to a thing that exists and does something. Nobody cares about the "Mona Lisa NFT" on any blockchain, extant or to be developed. The Mona Lisa is in a museum. You can go look at it, COVID permitting. The "Mona Lisa NFT" is, however, a good joke. It is accompanied by many distinctly less funny jokes, like all of the art I've seen blatantly stolen to bake into a blockchain somewhere, but that one at least is sort-of punching sideways and not down.
- systemvoltage 5y agoI feel like these discussions are emotionally charged. We are talking about NFT X where someone paid $1M for. X is on Y blockchain. Creating X on Z blockchain is meaningless exercise. Why you may ask? Well, future bidders won’t consider X on Z. It’s no longer “X”. I guess uniqueness can then be considered as “X on Y”. I think the Deed example up the comment chain perfectly illustrates this. Look, I have zero horse in this game. I probably hate this NTF culture as much as you do. But you’re missing the entire idea of NTFs. And so are most people here although the Olive Garden joke is pretty funny.
- pkdpic 5y agoOmg yes, please make this a reality. I made a pointless web-scraper to harvest artworks off of museum websites last year. Why not make them all NFTs and sell them? Would there be any validity to a cease and desist from the Louvre if you just made an NFT of the Mona Lisa? Is this already a thing?
- krrrh 5y agoIt really depends on the country you’re in. For instance compare the English and German Wikipedia pages for Gerhard Richter. The English page has plenty of photos of his work under fair use while the German one only has links to works hosted on external sites. https://en.m.wikipedia.org/wiki/Gerhard_Richter https://en.m.wikipedia.org/wiki/Gerhard_Richter https://de.m.wikipedia.org/wiki/Gerhard_Richter https://de.m.wikipedia.org/wiki/Gerhard_Richter There’s a law firm in Germany that crawls the web and tries to collect money from any page that posts an image they haven’t gotten permission to. If you really want to make your brain hurt check out the rules around photos of buildings and the right to panorama. https://euobserver.com/justice/126375 https://euobserver.com/justice/126375
- thrashh 5y agoWell, first of all, the Mona Lisa is public domain so you could print it on a coffee cup if you wanted to. (Photographs of the Mona Lisa are copyrighted, however.) But assuming you did make an NFT of a copyrighted work, then it’s simply asking if the courts consider it a derivative work, which I could see.
- packetlost 5y agoWhy use a blockchain at all? Implement it using signed certificate chains (x509?) and say it's cryptographically secured via decentralized PKI, then you can offer the same value proposition that basically all NFT platforms currently offer without all the environmental implications
- enkid 5y agoCall it "ecocrypto."
- SavantIdiot 5y agogoogled that and no definite matches!
- alanlammiman 5y agoyou joke, but you wouldn't believe the number of artists and users that initially rejected our NFT app based on environmental concerns until we explained that transactions weren't on blockchain. Not saying the concerns aren't valid - they absolutely are - but it was just surprising.
- packetlost 5y agoI'm a photographer and actively block any NFT activity I see on Twitter on sight.
- alanlammiman 5y agobecause of environmental concerns or another reason?
- CryptoPunk 5y agoI suspect just a flight to social conformity.
- packetlost 5y ago
- duxup 5y agoCan we add some AI to that blockchain ?
- davepeck 5y agoI've wanted someone to do this at scale for such a long time. It's funny; it's another great way to highlight the sound and fury signifying nothing that is NFTs. You can call them "fantasy NFTs" and explain that they are identical in every respect to the real things, but available at fantasy prices.
- thrashh 5y agoIf this fantasy network took off, the prices would climb just the same. NFTs are valuable because people want them in the same way a US dollar is valuable because people want them.
- klyrs 5y agoThis is a perfect application for ForkCoin; a currency where every time you spend a coin, you create a forked timeline where you didn't spend the coin. (Note, I just made that up now)
- alanlammiman 5y agoYou're a forking genius.
- mikegreenberg 5y agoAs soon as you said it, a bizzaro-klyrs in another reality actually created ForkCoin.
- klyrs 5y agoBy "timeline" I don't mean in the many-worlds sense; I mean it in the hard-fork sense. But yeah, bizzaro-me could be very rich and/or substantially imprisoned for heading such a transparent ponzi scheme.
- vmception 5y agoThe one on the prior blockchain will have an earlier timestamp from thousands of nodes. Did you really think this through? Yes, you can scam people on other chains, but of course if you are writing this you consider the earlier timestamp version to be a scam as well. You can still acknowledge the difference.
- Buttons840 5y agoI mean, those earlier timestamps are on a different blockchain my users don't care about. My personal blockchain with 2 users says I bought the Mona Lisa NFT in 1993. But nobody cares, because to almost everyone my blockchain is just some random "other blockchain". I don't have as many nodes, how many do I need?
- vmception 5y agoThere are better jokes possible. Who came to your blockchain and sold it to you? Is there a bridge to move value from the existing blockchains over to yours? Who runs the bridge? Alternatively is there an exchange that allows withdrawals to your blockchain, again, to move value there for transfer at all? Its not just about the nodes.
- tshaddox 5y agoI’m not sure I follow your point. You could hypothetically create an art auction that only seems super cheap copies of famous paintings on newsprint. People could decide to join your community and decide to only value your cheap copies, and not value the original paintings at all. Setting aside the likelihood of this actually happening, even assuming it did happen what have you demonstrated?
- gopher_space 5y agoWarhol and Lichtenstein were right? McLuhan knew what he was talking about?
- root_axis 5y agoThe timestamp is meaningless. For example, the timestamp for these Olive Garden NFTs will be dated before anything that might be minted by Olive Garden's corporate owners.
- porknubbins 5y agoThis experiment basically just points out that whether value storage is primarily a social concept or a technical/resource distribution one is still an open question. It seems like as we are seeing so many forked coins we are seeing an entropic diffusion of value throughout the crypto ecosystem where before it would have just accumulated to BTC, but its not clear if the whole thing will keep expanding or shrink.
- alanlammiman 5y agoyep. Likewise with USD monetary aggregates growing - one would imagine that the value of the underlying US economy would be diffused among more USDs (inflation) but it often seems that loose policy helps the US economy grow and somewhat make up for it (eg we have inflation now, but back post 2008 it was really surprising to me that we didn't). Of course with crypto you have the factor of more forks/coins rather than more of the same...
- porknubbins 5y agoTrue, you could describe any inflation as "value diffusion" but USD inflation seems to me more like the intra coin inflation that comes from more BTC being mined (until the cap is hit of course), whereas these people are creating new currencies.
- ssalka 5y agoThis seems like a really fun, potentially profitable, arbitrage experiment (using existing blockchains to identify "underpriced" NFTs of existing art; not making your own)
- prepend 5y agoMint NFTs for each other NFT.
- kristjansson 5y agoIt’s not even as complicated as using a different network is it? Each NFT is only non fungible within the context of its specific ERC721 token. So you can just start a new token B and mint NFTs of token As content (eg cryptopunks) with token B. Of course if the original minter confers other privileges to holders then those can’t be replicated. But OTOH holding the original NFT doesn’t guarantee the original minter will continue to extend those privileges either!
- berberous 5y agoThis has already happened: https://www.playtoearn.online/2021/03/02/nft-copycats-exploding-on-binance-smart-chain/ https://www.playtoearn.online/2021/03/02/nft-copycats-explod... I don’t think is nearly as clever as you think it is though. The market just rightfully views these as knockoffs and values them as such.
- netizen-936824 5y agoThis seems to be implying non-knockoff NFTs have actual value
- phponpcp 5y agoThey do. There are many, many millionaires created by NFTs and collectors who are buying millions of dollars of NFTs.
- thrashh 5y agoFake paintings have value. I’d buy a fake painting at the right small price because it has value to me. Value comes from people wanting something and as they say, a person’s trash is another person’s treasure.
- phponpcp 5y agoThat's a great way to get sued. Already happened when SolBlocks took art from Artblocks and profited on it.
- Buttons840 5y agoPeople can get sued for all kinds of illegitimate reasons. The real question is, is what I have proposed violating any laws? If so, which laws?
- iieme 5y agoThat has already been done to death.
- Jommi 5y agoHow this is the highest scored comment, I really do not know. How can the HN crowd miss the point by such a length?
- Valakas_ 5y agoBut OpenSea is cool and SecondSea is not. Anyone can own things on SecondSea so it's basically worthless. "I own a Mona Lisa NFT." "Oh really?? You mean THE Mona Lisa NFT?? How did you manage? I thought that was owned by Louvre!" "No, i mean, I bought this one on SecondSea" "Ah ok. I bought it on ThirdSea just to test. It's free after all. But nice, good for you."
- slaman 5y agoI am of the opinion that NFTs on OpenSea are equally uncool and worthless as any other NFT marketplace including ones created on your local machine in secret.
- Valakas_ 5y agoI don't know if NFT's have a future or not. I'm kind of agnostic on this one. But what is not cool today can be cool tomorrow and vice versa. Internet used to be for nerds only. There's a famous sketch of Letterman making fun of Bill Gates about it. So we will see.