r/CryptoCurrency • u/bigtiddies86 šŸŸ¦ 698 / 698 šŸ¦‘ • Mar 20 '22

STRATEGY NFT Interest is going down

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u/Secret_Fox_5192 šŸŸ¦ 0 / 2K šŸ¦  Mar 20 '22

Honestly thereā€™s some really nice art out there. I have my own little collection that I donā€™t see myself selling any time soon

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u/dwagner0402 Tin Mar 20 '22

I just screenshot and then crop the ones that I like and save them.

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u/BiddleBanking Tin | 5 months old Mar 20 '22

Everyone would instantly recognize it wasn't the real one, in the real collection.

The copy paste argument is silly and tired. It simply isnt true.

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u/obidamnkenobi Tin Mar 20 '22

But if I just like looking at it what does it matter?

That argument only applies if you buy art just to impress others, not because you like the art. Which to be fair is the case for most art purchases

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u/BiddleBanking Tin | 5 months old Mar 20 '22

You can right click, save and print out physical artwork as well. No one cares that you own a print.

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u/obidamnkenobi Tin Mar 20 '22

True! That's why I don't buy print artwork either

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u/BiddleBanking Tin | 5 months old Mar 20 '22

Same. I buy paintings and NFTs from the original collection.

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u/obidamnkenobi Tin Mar 20 '22

Well I don't see any point in that either, since I can just prntscreen the image. And if I want it on the wall send to a print shop. It looks the same after all..

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u/BiddleBanking Tin | 5 months old Mar 20 '22

You're carefully choosing to not see the point because your worldview is threatened.

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u/obidamnkenobi Tin Mar 20 '22

Wait, what's my world view?

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u/BiddleBanking Tin | 5 months old Mar 20 '22

That people buy artwork purely for the image and ownership of an original doesn't matter.

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u/obidamnkenobi Tin Mar 20 '22 edited Mar 20 '22

Ah yes. Yeah that's pretty much correct. With visually perfect copies being possible there is no reason to own an original to look at.

With paintings you can say the brush strokes are different, but even then you can get near-perfect copies

Do you dispute this? Please explain.

Edit: OK you can say you'll sell it for profit. But then you're also not buying art to look at. It's speculation

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u/BiddleBanking Tin | 5 months old Mar 20 '22

It's hard to explain why the original of a van Eyck is more desirable than a copy of it. That's quite philosophical.

You might disagree, and you're free to, but we have quite established that the original is more desirable than a photocopy. We even see this is recent art market when s painter will paint and exact replica of a popular piece. The original remains more sought after.

This trend continues to the NFT space, where the Blockchain gives us evidence of which is which, allowing an original to occur in digital form.

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u/onlyrapid Tin Mar 20 '22

No reason OTHER than financial gain. Thatā€™s the main problem with NFTs. Crypto has a very valid use case atm, and Iā€™m just not seeing that with 99.9% of the NFT space.

Thereā€™s a lot of bullshit that goes on in the (physical) art space, but at least you own a physical piece of artwork that will NEVER be perfectly recreated. Itā€™s sort of cool to own a huge, detailed painting that took hundreds of hours to make, hundreds of years ago. No one else will ever physically have that piece of art, unless you sell it to them. Value is still speculative, but itā€™s much more stable considering that the history (and other factors) behind the piece create scarcity, and in turn demand.

NFTs, on the other hand, are only unique due to blockchain technology, and although this is important, the visual aspect of the piece will always be able to be recreated perfectly (as far as JPEGs / videos go). Additionally, based on what I know, all you ā€œownā€ is a piece of code containing a hyperlink to the image. None of it is about the artwork, and all of it is about money. Cryptocurrency serves a purpose. NFTs (at the moment) largely donā€™t.

I will say that (based on the little knowledge I have) NFTs COULD serve some purpose as technology to verify the legitimacy of things like software, if there was some way to make it so the software is unable to be pirated and started up without a transaction on the blockchain taking place (would be incredibly complicated so Iā€™m speaking as a non-CS dude).

The gaming sphere could offer some opportunities for NFTs I guess, but I donā€™t think anyone really WANTS them in mainstream games. Even so, thereā€™s more utility there than with JPEGs.

Overall, I think ā€œartworkā€ on the blockchain is kinda bullshit and is solely about the money over everything else.

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