4 ms·

Nobody in the art space has a worse experience when using NFTs (except maybe in transaction fees on some networks). It is either the exact same experience or a

Nobody in the art space has a worse experience when using NFTs (except maybe in transaction fees on some networks). It is either the exact same experience or a better one. So, "yesn't"? It would improve the same aspects of the fine art world if thats what some market participants like art pieces for. You can move more money faster with crypto so if you want to rationalize those movements with NFT purchases - or just attract the people who want to do that but found crypto unrelateable before NFTs - then thats available too. A lot of these questions evaporate when you use them yourself. Its fun to imagine everything is a wash trade, but when a bot or person bids on your own NFTs and you use that money to pay rent or buy a car, you personally will then understand that the assumption is simply irrelevant. Its like "yeah, sure the NFT space is ripe for money laundering and wash trading, there are also other people buying and selling, the distinction doesn't matter" Even if the bots are money laundering, hoping to resell art they buy to someone else, are they successfully money laundering? We don't know and its not our problem, so who cares? People worried that the bids will dry up on artwork they own if they attempted to enter the space for investment? Who cares! Thats a risk for everyone in any asset class. Take the risk or don't.

Doxin 5y ago
> Nobody in the art space has a worse experience when using NFTs What about all the digital artists getting their art stolen and sold as NFTs? NFTs are hardly a solution to anything, let alone a better solution. There's a disconnect between NFTs and the real world that many of the proponents fail to address.
- pibechorro 5y ago
  I believe NFTS are a giant bubble right now. But to say they are hardly a solution for anything is equally extreme. They do offer solutions, and art authentication and chain of custody is one. Real art, not some copy paste stolen gifs as you mention. Same applies to tracking of parts and components in manufacturing, etc.
- vmception 5y ago
  Art plagiarism has nothing to do with NFTs, in fact this whole article is about it. The digital artist you are referring to is not using NFTs so they have no experience, it doesnt refute the point. The market is saying they should. They can ignore the market its a choice. The plagiarism is done faster? Shrug
- jhgb 5y ago
  > What about all the digital artists getting their art stolen and sold as NFTs? Surely you're joking. Not only can't you steal a bunch of digits; even more importantly, you can't sell them "as an NFT" since what's getting sold is not the thing the NFT is a hash of. At least to my knowledge, there's never been any property rights implications of an NFT transaction in any country.

Doxin 5y ago

> Nobody in the art space has a worse experience when using NFTs What about all the digital artists getting their art stolen and sold as NFTs? NFTs are hardly a solution to anything, let alone a better solution. There's a disconnect between NFTs and the real world that many of the proponents fail to address.

pibechorro 5y ago
I believe NFTS are a giant bubble right now. But to say they are hardly a solution for anything is equally extreme. They do offer solutions, and art authentication and chain of custody is one. Real art, not some copy paste stolen gifs as you mention. Same applies to tracking of parts and components in manufacturing, etc.
vmception 5y ago
Art plagiarism has nothing to do with NFTs, in fact this whole article is about it. The digital artist you are referring to is not using NFTs so they have no experience, it doesnt refute the point. The market is saying they should. They can ignore the market its a choice. The plagiarism is done faster? Shrug
jhgb 5y ago
> What about all the digital artists getting their art stolen and sold as NFTs? Surely you're joking. Not only can't you steal a bunch of digits; even more importantly, you can't sell them "as an NFT" since what's getting sold is not the thing the NFT is a hash of. At least to my knowledge, there's never been any property rights implications of an NFT transaction in any country.