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Overall, you're right, though I have seen a few legit, established artists dip their toes into the NFT space (eg, James Jean, Phil Hale). My partner used to run
by thraxil 5y ago
Overall, you're right, though I have seen a few legit, established artists dip their toes into the NFT space (eg, James Jean, Phil Hale). My partner used to run a gallery for new media and digital-focused art. That community has always had the problem that artists working in those media haven't been able to just sell a painting or sculpture the same way that artists working in traditional media. Anything that would actually make it straightforward for artists working in digital media to make a living would be welcome and there was some hope that NFTs might be that. From what I've seen, a few have made a bunch of money, but mostly that community has rejected NFTs. Some because of environmental concerns, some because of all the usual reasons that come up in NFT/crypto discussions, and some because of the backlash itself (you might make some money minting an NFT, but you're also likely to lose a lot of your existing fans). The result is that most of what's left in NFTs now is the scammy, ponzi-scheme-y, low creativity generative ape type stuff and it's looking like that's going to become a self-fulfilling prophecy.
I recommend following Kyle McDonald on twitter (@kcimc) if you want some deep dives on exactly why a lot of artists are skeptical about crypto/web3/NFT stuff.