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Can you find an edge case showing the usefulness? Because that was my root question and "putting money into the pockets of artists" is not changing the world. I
by Sebguer 4y ago
Can you find an edge case showing the usefulness? Because that was my root question and "putting money into the pockets of artists" is not changing the world. It's a new revenue stream, and one that isn't particularly well-distributed.
- kranke155 4y agoMy original comment is “changing the art world”. And yes it did that because for digital artists it was quite hard to monetise before NFTs. You had to find an art gallery to authenticate your work and signature. There were gatekeepers. Now you just Authenticate your own work on the blockchain and sell it. I follow multiple artists who have sold the their work and made 100k to 1million usd. That’s good for art and it’s good for them. Thus it’s changed the art world. I can provide multiple examples of artists who were once working in corporate jobs and were amazing and are now very successful NFT artists if you’d like. And that is not the edge case - that is the mainstream - is artists who couldn’t sell their work before now can and they’re making money. The fraud cases are unfortunate and I’m pretty sure there is an automated way to remove it. Why it hasn’t been done is a mystery to me but I’m sure it will get done eventually.