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After browsing OpenSea one may reasonably come to the conclusion that for every competent artist selling NFTs of their art, there are approximately 40,000 low-e

After browsing OpenSea one may reasonably come to the conclusion that for every competent artist selling NFTs of their art, there are approximately 40,000 low-effort mspaint primates.

pcwalton 5y ago
Or just straight-up stolen art. For every one artist selling NFTs of their own art, there are easily five NFTs sold by fraudsters misrepresenting themselves to have to right to do so.
- marginalia_nu 5y ago
  Wasn't this the literally exact thing NFTs was supposed to prevent?
  - RF_Savage 5y ago
    Yet nothing in NFT's prevent it. Even if every artist minted everything they ever post as an NFT it would not prevent it. At most there would be a "first to file" authenthicity mechanism in the NFT storefronts like OpenSea.
    - Tenoke 5y ago
      If you have the artist's address you can always check that the NFT originated from them. I don't even understand why anyone (mostly non-crypto people) would think it prevents copy pasting.
    - benhurmarcel 5y ago
      > At most there would be a "first to file" authenthicity mechanism in the NFT storefronts like OpenSea. Just alter a pixel or put a minor filter, you’re good to go.
  - lottin 5y ago
    No, NFTs serve no purpose. As far as use-cases go, they have none.
    - seba_dos1 5y ago
      To be fair, they do actually have some, but all of those can be better served without a blockchain, which as implemented doesn't even help with decentralization, let alone other claimed things. Well, unless you count market speculation - that's what NFTs currently excel at.
- stjohnswarts 5y ago
  I'm starting to wonder if we won't eventually go back to "this NFT certified by Christies of New York" otherwise they are basically all worth 0.000000000000000000000000000000000000000000000000000000001 BTC
- nicbou 5y ago
  Perhaps a sort of trusted authority could validate that...
  - gostsamo 5y ago
    So, why would you need all the crypto if an authority provides you the value? One day people will get that crypto is an implementation detail raised to a cargocult status.
    - nicbou 5y ago
      That's what I was hinting at
jsheard 5y ago
It's impressive how quickly the NFT space has abandoned any semblance of selling unique artwork, and converged on ten thousand variants of "randomly generated animal pictures" with half of them being monkeys because they're cargo-culting Bored Ape Yacht Club. Ironically in trying to create "digital scarcity" they've lowered the bar to entry so far that their "scarce" assets are buried under an endless avalanche of nearly indistinguishable "scarce" assets. Market price is the only thing that would set them apart, but even that's meaningless due to the prevalence of wash trading.
- Traster 5y ago
  Is it impressive? I would've thought this is exactly what we expected. Actual artists are off making stuff they can sell, and 99.99% of them don't know what an NFT is. Meanwhile there's a whole community of teenagers on the internet who don't make anything but do know about NFTs. If you run the numbers on "artists who know/care about NFTs" vs "Idiots on the internet gullible enough to buy into anythin" I think 10,000:1 is generous.
  - dorkwood 5y ago
    > Actual artists are off making stuff they can sell, and 99.99% of them don't know what an NFT is. In my experience, it's the opposite. If you're an artist with an internet connection, then you know about NFTs. Art communities across the internet have been fractured by the topic this year. Some have banned the posting of NFTs[1], some have built software to alert members when their work has been stolen and turned into NFTs[2]. Artists who speak out against NFTs are frequently dogpiled by crypto enthusiasts claiming that they don't care about their fellow artists[3]. Even famous artists know what NFTs are[4], since they've all been approached at some point by a crypto investor who wants them to make NFTs. As an artist, it's difficult to escape the topic, and it's causing quite a bit of backlash. 1: https://www.reddit.com/r/PixelArt/comments/rrb8s8/rpixelart_update_nft_posts_are_now_banned/ https://www.reddit.com/r/PixelArt/comments/rrb8s8/rpixelart_... 2: https://www.deviantart.com/team/journal/DeviantArt-Protect-80-000-NFT-Alerts-Sent-902819882 https://www.deviantart.com/team/journal/DeviantArt-Protect-8... 3: https://twitter.com/simonstalenhag/status/1369878546768871424?lang=en https://twitter.com/simonstalenhag/status/136987854676887142... 4: https://www.theverge.com/2021/12/20/22846654/brian-eno-nft-crypto-skeptical-morozov-suckers https://www.theverge.com/2021/12/20/22846654/brian-eno-nft-c...

After browsing OpenSea one may reasonably come to the conclusion that for every competent artist selling NFTs of their art, there are approximately 40,000 low-effort mspaint primates.

pcwalton 5y ago

Or just straight-up stolen art. For every one artist selling NFTs of their own art, there are easily five NFTs sold by fraudsters misrepresenting themselves to have to right to do so.

marginalia_nu 5y ago
Wasn't this the literally exact thing NFTs was supposed to prevent?
- RF_Savage 5y ago
  Yet nothing in NFT's prevent it. Even if every artist minted everything they ever post as an NFT it would not prevent it. At most there would be a "first to file" authenthicity mechanism in the NFT storefronts like OpenSea.
  - Tenoke 5y ago
    If you have the artist's address you can always check that the NFT originated from them. I don't even understand why anyone (mostly non-crypto people) would think it prevents copy pasting.
  - benhurmarcel 5y ago
    > At most there would be a "first to file" authenthicity mechanism in the NFT storefronts like OpenSea. Just alter a pixel or put a minor filter, you’re good to go.
- lottin 5y ago
  No, NFTs serve no purpose. As far as use-cases go, they have none.
  - seba_dos1 5y ago
    To be fair, they do actually have some, but all of those can be better served without a blockchain, which as implemented doesn't even help with decentralization, let alone other claimed things. Well, unless you count market speculation - that's what NFTs currently excel at.
stjohnswarts 5y ago
I'm starting to wonder if we won't eventually go back to "this NFT certified by Christies of New York" otherwise they are basically all worth 0.000000000000000000000000000000000000000000000000000000001 BTC
nicbou 5y ago
Perhaps a sort of trusted authority could validate that...
- gostsamo 5y ago
  So, why would you need all the crypto if an authority provides you the value? One day people will get that crypto is an implementation detail raised to a cargocult status.
  - nicbou 5y ago
    That's what I was hinting at

jsheard 5y ago

It's impressive how quickly the NFT space has abandoned any semblance of selling unique artwork, and converged on ten thousand variants of "randomly generated animal pictures" with half of them being monkeys because they're cargo-culting Bored Ape Yacht Club. Ironically in trying to create "digital scarcity" they've lowered the bar to entry so far that their "scarce" assets are buried under an endless avalanche of nearly indistinguishable "scarce" assets. Market price is the only thing that would set them apart, but even that's meaningless due to the prevalence of wash trading.

Traster 5y ago
Is it impressive? I would've thought this is exactly what we expected. Actual artists are off making stuff they can sell, and 99.99% of them don't know what an NFT is. Meanwhile there's a whole community of teenagers on the internet who don't make anything but do know about NFTs. If you run the numbers on "artists who know/care about NFTs" vs "Idiots on the internet gullible enough to buy into anythin" I think 10,000:1 is generous.
- dorkwood 5y ago
  > Actual artists are off making stuff they can sell, and 99.99% of them don't know what an NFT is. In my experience, it's the opposite. If you're an artist with an internet connection, then you know about NFTs. Art communities across the internet have been fractured by the topic this year. Some have banned the posting of NFTs[1], some have built software to alert members when their work has been stolen and turned into NFTs[2]. Artists who speak out against NFTs are frequently dogpiled by crypto enthusiasts claiming that they don't care about their fellow artists[3]. Even famous artists know what NFTs are[4], since they've all been approached at some point by a crypto investor who wants them to make NFTs. As an artist, it's difficult to escape the topic, and it's causing quite a bit of backlash. 1: https://www.reddit.com/r/PixelArt/comments/rrb8s8/rpixelart_update_nft_posts_are_now_banned/ https://www.reddit.com/r/PixelArt/comments/rrb8s8/rpixelart_... 2: https://www.deviantart.com/team/journal/DeviantArt-Protect-80-000-NFT-Alerts-Sent-902819882 https://www.deviantart.com/team/journal/DeviantArt-Protect-8... 3: https://twitter.com/simonstalenhag/status/1369878546768871424?lang=en https://twitter.com/simonstalenhag/status/136987854676887142... 4: https://www.theverge.com/2021/12/20/22846654/brian-eno-nft-crypto-skeptical-morozov-suckers https://www.theverge.com/2021/12/20/22846654/brian-eno-nft-c...