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So the business model there is: scanner + paper shredder + NFT = $$$? How many people have taken you up on that offer? Unless it's a shitty/low-effort painting
by bogwog 4y ago
So the business model there is: scanner + paper shredder + NFT = $$$?
How many people have taken you up on that offer? Unless it's a shitty/low-effort painting, it seems insane to me that anyone would destroy their artwork in exchange for an NFT of that same artwork.
- wslh 4y agoWhat is insane for you could be completely different for others: we have been in the last Miami Art Week and Art Basel and we don't have enough time for the number of artists that wanted to be in the process. Will expand more later (working now) but you can see AP coverage here [1]. It is also important to highlight that we are doing this project at our own risk, with our own money, have built the hardware and software, and not charging artists for the process. Just the primary market sell is split between 85% for artists and the rest for the project. Pretty generous in this risky market. [1] https://youtu.be/ajDEHSLi0iE https://youtu.be/ajDEHSLi0iE
- tough 4y agoIt's Banksy as a Service
- bogwog 4y ago> we have been in the last Miami Art Week and Art Basel and we don't have enough time for the number of artists that wanted to be in the process. Will expand more later Please also include the number of those people who actually understand what an NFT is. As a native Miamian, I can guarantee you not a single one does. This city has always been a magnet for the get rich quick scheme types, and crypto is a good match for that because it's harder for a layman to grasp the scam part.
- wslh 4y agoWe should start to talk about what an NFT and POAP is for you. What we do is a new concept where you can probe the physical object does not exist anymore and it is now digital. The NFT is part of this experiment. It is an experiment for us and for the artists.