- Mar 2021
Crypto art is art made for the future. As our walls become screens and our field of vision becomes enhanced with augmented reality, we will seek precious and meaningful objects to surround us (just as we always have). Whether in the much anticipated "metaverse," the many digital worlds and games we frequent, or in our own living rooms and peripheral vision, this new generation of art is made for our future.
this to me is one of the actual realest points - that NFTs are the future of art for the metaverse & digital everything we find ourselves in
ransformative economic model for artists via NFT contracts. This is perhaps my favorite advantage of all — the ability for artists to automatically gain a percentage of every sale of their work in the secondary market in perpetuity. I mean, can you imagine!? Artists can evolve from getting ~50% of the initial acquisition price of their work in a gallery to a new world where they get 80%+ (depending on marketplace they use) of the proceeds on their initial sale plus 10–15% of every secondary sale forever! Imagine the families of artists anywhere receiving residuals for generations much like the world's greatest bands as their work continues to grow in value and trade hands. F----ng transformative.
Agrees that it is the smart contract residual % payment royalty aspect that is the most powerful aspect of NFTs
heard from some others though that you can do off chain transactions of the NFT to get around this ?
This NFT world is likely the greatest unlock of artist opportunity in 100+ years. This isn't a suboptimal or fringe version of the real-world art economy, it is a vastly improved one.
its fascinating how this may be simulatenously true with the fact that NFTs in their current actual implementation are a scam.. eg regarding copyright, minting on other chains, NFT frozen to a specific URL, NFTs can be trasnferred off chain / OTC such that the 10% royalty doesnt happen, etc etc)
what ive come to see is that the reality is it doesnt matter - people making decisions on their career or specific investments, this matters a lot
.. but before people thinking of diving into this cuz it may be the next big thing for the next 20 years, then ya that's probably correct
this is massive cuz a lot of the problems will be solved one by one methodically even if its crappy today, itll be improved steadily cuz we are good at developing, what were bad at is blank sheet
cant believe im agreeing with this belsky guy