4 ms·

I don't think NFTs worked well at all -- they had a brief spike of popularity then were mostly forgotten. Right now BendDAO is in trouble because nobody really

I don't think NFTs worked well at all -- they had a brief spike of popularity then were mostly forgotten. Right now BendDAO is in trouble because nobody really cares about NFTs anymore, they can't sell the ones they got as a collateral, and already ran out of funds.

kranke155 4y ago
The NFT scene I am part of, running on Tezos markets like Versum and FXhash, is incredibly vibrant. The idea that somehow the market is gone is really only true for the wash trading / BAYC madness, which was silly and meaningless to begin with. Artists on FXhash are selling out editions of 200 in 15 minutes. It’s an incredibly vibrant market and the whole concept of FXhash is a revolution in generative art. NFTs are not dead. Here are 3 real artists selling NFTs right now. Deeway Kwon https://twitter.com/deekaymotion?s=21&t=ipDuaTxacsrVG2ZqS5NbAw https://twitter.com/deekaymotion?s=21&t=ipDuaTxacsrVG2ZqS5Nb... Kato https://objkt.com/profile/tz1LA28RxLyzg4iV9jxDLrmzgC6WwCHT2fMZ/created https://objkt.com/profile/tz1LA28RxLyzg4iV9jxDLrmzgC6WwCHT2f... Jose Gasparian https://objkt.com/profile/gasparian/created https://objkt.com/profile/gasparian/created Most of “web3” is scams, ponzis and foolishness. But NFTs are changing the lives of digital artists everywhere. Bizarrely this seems to be something that most people at HN are completely alienated from. But NFTs work. The fact that not everyone is making millions anymore is irrelevant - as a working artist in a cheaper country you can make a decent living if you develop a community. It can also be a very healthy second income.
- dale_glass 4y ago
  You're pulling on my leg, right? Let's see: kato is being followed by 43 people, Jose Gasparian by 24. That's "nobody cares" territory. I've seen not particularly amazing furry artists sign up for a new site and gather 200 watchers in a single day by just posting a couple decent pictures. Both of those people seem to have been around for about a year. If you look at the lists you posted, nobody's offering anything. kato has a single picture with "offer = 0.30". Gasparian has a single picture with "offer = 5.0". Okay, let's see what fancy stuff those people own instead: https://objkt.com/profile/gasparian/owned?sort=lowest_ask:desc https://objkt.com/profile/gasparian/owned?sort=lowest_ask:de... https://objkt.com/asset/hicetnunc/768355 https://objkt.com/asset/hicetnunc/768355 Oh look, in the history they all sold for 3, and now somebody is trying to sell their copy for 500. Now for kato: https://objkt.com/asset/KT1C6ikdV1dCEdzfqG1wevsfMtZbP5zr1Tuh/15 https://objkt.com/asset/KT1C6ikdV1dCEdzfqG1wevsfMtZbP5zr1Tuh... Same shit, bought a thing for 1.5 trying to resell for 1000. Look at activity: https://objkt.com/asset/fxhash/1110428 https://objkt.com/asset/fxhash/1110428 In a single day, a NFT goes from creator through half a dozen owners. Yeah, I don't think those people even look at what they buy, and lots of people own lots of random crap, like barely distinct pictures from the same series. I don't know what this is, but it's not an art market, because it certainly never occurred to me to buy a picture and then put it for sale again on the same day for a couple dollars more. That's more like using NFTs as money. It could be money laundering, or payments for services, or wash trading, but whatever it is, it doesn't much like an art market to me.
  - kranke155 4y ago
    How glib. Kato has 4000 followers on twitter https://twitter.com/TrofimovaKato https://twitter.com/TrofimovaKato Jose has 2300 on twitter https://twitter.com/josegasparian https://twitter.com/josegasparian The place where people meet and follow each other on the NFT space is twitter, not OBJKT. OBJKT is just where the art is sold. Jose has just recently sold out his first piece on FXhash - 200 editions at 2xtz - 400$ - in 15 min. It's a art market, even if you don't want to see it. I just took two random artists out of a hat that I like. You're also of course conveniently ignoring DeeKay because he doesn't fit your pattern - he just had a piece recently sell for 1$ million.
    - dale_glass 4y ago
      > Kato has 4000 followers on twitter https://twitter.com/TrofimovaKato https://twitter.com/TrofimovaKato > Jose has 2300 on twitter https://twitter.com/josegasparian https://twitter.com/josegasparian Still very, very small potatoes > It's a art market, even if you don't want to see it. I just took two random artists out of a hat that I like. No, it's not. It's an art market used as a proxy for something else. I like art. I get reselling it. But when you buy a bunch of stuff and immediately put it back for sale for a few bucks more, that's not art appreciation. In the best case it's arbitrage, in the worst case it's something more sinister. > You're also of course conveniently ignoring DeeKay because he doesn't fit your pattern - he just had a piece recently sell for 1$ million. It's very much an outlier yes, so probably something very different. I don't really buy that this piece makes somebody feel anything worth paying $1M for. Come on, we've been doing this theme for ages. Here's an ad based on that concept: https://www.youtube.com/watch?v=brsI6z13Su8 https://www.youtube.com/watch?v=brsI6z13Su8 -- it's from 2002. If somebody has $1M to spend on a single picture, why would they? They could hire a dozen artists for a year. Have them safely work on some sort of masterpieces, or have them at the patron's beck and call to make any random ideas the patron has. There are reasons to spend $1M on a single art piece, but pretty much none of them have anything to do with the art.
      - kranke155 4y ago
        Your arguments are so weird I don't know how to answer them. People buying and selling something constitutes a market in general definition but you seem to make the effort to redefine it - in any way that makes it so NFTs will never count. It's either wash trading, or a scam, or something. I don't understand why you're jumping through all these hoops to convince yourself that this isn't real when I am presenting you evidence that it is, but you seem impossible to convince so I won't try. Suffice to say I buy and sell art in NFTs using my own money, I have my own NFT collection, and I don't scam people nor do I buy from scammers. That to me constitutes a market.

kranke155 4y ago

The NFT scene I am part of, running on Tezos markets like Versum and FXhash, is incredibly vibrant. The idea that somehow the market is gone is really only true for the wash trading / BAYC madness, which was silly and meaningless to begin with. Artists on FXhash are selling out editions of 200 in 15 minutes. It’s an incredibly vibrant market and the whole concept of FXhash is a revolution in generative art. NFTs are not dead. Here are 3 real artists selling NFTs right now. Deeway Kwon https://twitter.com/deekaymotion?s=21&t=ipDuaTxacsrVG2ZqS5NbAw https://twitter.com/deekaymotion?s=21&t=ipDuaTxacsrVG2ZqS5Nb... Kato https://objkt.com/profile/tz1LA28RxLyzg4iV9jxDLrmzgC6WwCHT2fMZ/created https://objkt.com/profile/tz1LA28RxLyzg4iV9jxDLrmzgC6WwCHT2f... Jose Gasparian https://objkt.com/profile/gasparian/created https://objkt.com/profile/gasparian/created Most of “web3” is scams, ponzis and foolishness. But NFTs are changing the lives of digital artists everywhere. Bizarrely this seems to be something that most people at HN are completely alienated from. But NFTs work. The fact that not everyone is making millions anymore is irrelevant - as a working artist in a cheaper country you can make a decent living if you develop a community. It can also be a very healthy second income.

dale_glass 4y ago
You're pulling on my leg, right? Let's see: kato is being followed by 43 people, Jose Gasparian by 24. That's "nobody cares" territory. I've seen not particularly amazing furry artists sign up for a new site and gather 200 watchers in a single day by just posting a couple decent pictures. Both of those people seem to have been around for about a year. If you look at the lists you posted, nobody's offering anything. kato has a single picture with "offer = 0.30". Gasparian has a single picture with "offer = 5.0". Okay, let's see what fancy stuff those people own instead: https://objkt.com/profile/gasparian/owned?sort=lowest_ask:desc https://objkt.com/profile/gasparian/owned?sort=lowest_ask:de... https://objkt.com/asset/hicetnunc/768355 https://objkt.com/asset/hicetnunc/768355 Oh look, in the history they all sold for 3, and now somebody is trying to sell their copy for 500. Now for kato: https://objkt.com/asset/KT1C6ikdV1dCEdzfqG1wevsfMtZbP5zr1Tuh/15 https://objkt.com/asset/KT1C6ikdV1dCEdzfqG1wevsfMtZbP5zr1Tuh... Same shit, bought a thing for 1.5 trying to resell for 1000. Look at activity: https://objkt.com/asset/fxhash/1110428 https://objkt.com/asset/fxhash/1110428 In a single day, a NFT goes from creator through half a dozen owners. Yeah, I don't think those people even look at what they buy, and lots of people own lots of random crap, like barely distinct pictures from the same series. I don't know what this is, but it's not an art market, because it certainly never occurred to me to buy a picture and then put it for sale again on the same day for a couple dollars more. That's more like using NFTs as money. It could be money laundering, or payments for services, or wash trading, but whatever it is, it doesn't much like an art market to me.
- kranke155 4y ago
  How glib. Kato has 4000 followers on twitter https://twitter.com/TrofimovaKato https://twitter.com/TrofimovaKato Jose has 2300 on twitter https://twitter.com/josegasparian https://twitter.com/josegasparian The place where people meet and follow each other on the NFT space is twitter, not OBJKT. OBJKT is just where the art is sold. Jose has just recently sold out his first piece on FXhash - 200 editions at 2xtz - 400$ - in 15 min. It's a art market, even if you don't want to see it. I just took two random artists out of a hat that I like. You're also of course conveniently ignoring DeeKay because he doesn't fit your pattern - he just had a piece recently sell for 1$ million.
  - dale_glass 4y ago
    > Kato has 4000 followers on twitter https://twitter.com/TrofimovaKato https://twitter.com/TrofimovaKato > Jose has 2300 on twitter https://twitter.com/josegasparian https://twitter.com/josegasparian Still very, very small potatoes > It's a art market, even if you don't want to see it. I just took two random artists out of a hat that I like. No, it's not. It's an art market used as a proxy for something else. I like art. I get reselling it. But when you buy a bunch of stuff and immediately put it back for sale for a few bucks more, that's not art appreciation. In the best case it's arbitrage, in the worst case it's something more sinister. > You're also of course conveniently ignoring DeeKay because he doesn't fit your pattern - he just had a piece recently sell for 1$ million. It's very much an outlier yes, so probably something very different. I don't really buy that this piece makes somebody feel anything worth paying $1M for. Come on, we've been doing this theme for ages. Here's an ad based on that concept: https://www.youtube.com/watch?v=brsI6z13Su8 https://www.youtube.com/watch?v=brsI6z13Su8 -- it's from 2002. If somebody has $1M to spend on a single picture, why would they? They could hire a dozen artists for a year. Have them safely work on some sort of masterpieces, or have them at the patron's beck and call to make any random ideas the patron has. There are reasons to spend $1M on a single art piece, but pretty much none of them have anything to do with the art.
    - kranke155 4y ago
      Your arguments are so weird I don't know how to answer them. People buying and selling something constitutes a market in general definition but you seem to make the effort to redefine it - in any way that makes it so NFTs will never count. It's either wash trading, or a scam, or something. I don't understand why you're jumping through all these hoops to convince yourself that this isn't real when I am presenting you evidence that it is, but you seem impossible to convince so I won't try. Suffice to say I buy and sell art in NFTs using my own money, I have my own NFT collection, and I don't scam people nor do I buy from scammers. That to me constitutes a market.