NFTs

We are the Borg.
Pyrrho
Posts: 31302
Joined: Sat Jun 05, 2004 2:17 am
Title: Man in Black
Location: Division 6

NFTs

The flash of light you saw in the sky was not a UFO. Swamp gas from a weather balloon was trapped in a thermal pocket and reflected the light from Venus.
Anaxagoras
Posts: 29263
Joined: Wed Mar 19, 2008 5:45 am
Location: Yokohama/Tokyo, Japan

Re: NFTs

I just heard about non-fungible tokens yesterday. Apparently they allowed a digital artist to sell his work at a Christies auction:

The $69 Million JPEG Mike Winkelmann, a digital artist and graphic designer known as Beeple, was trying to find a better way to sell his art. He had thousands of works that he had produced over the past 13 years for his popular "Everydays" series, but there was a problem. The art market, made up of galleries and auction houses that dictate the value of creative works, was not an avenue through which he could do so for a simple reason: Digital art can be infinitely reproduced, making the works worthless. So when his friends told him that there was a way to change that, a way to label his illustrations as unique, singular pieces of art, Winklemann listened. He started looking into what are called "non-fungible tokens." Non-fungible tokens or NFTs have been a growing craze in the digital world. Like cryptocurrencies, NFTs are run on blockchains, digital ledgers that create an authentication of ownership. But unlike cryptocurrencies like Bitcoin or Ether, NFTs are designed to be unique assets. And the idea is that scarcity is what creates value. Because of this, artists have been flocking towards NFT markets as they search for greater success outside the conventional art world, Winklemann included. The result? The price for a Beeple NFT exploded. Before he knew it, Winklemann was making millions off of sales and resales of his art. And the traditional art market also took notice. They really took notice. Yesterday, an NFT of Beeple's "Everydays" sold at Christie's for$69 million.

Today on the show, how the blockchain broke the auction block.
A fool thinks himself to be wise, but a wise man knows himself to be a fool.
William Shakespeare
shemp
Posts: 7176
Joined: Thu Jun 10, 2004 12:16 pm
Title: inbred shit-for-brains
Location: Planet X

Re: NFTs

I'm going to start doing this shit and get rich. Grandma Moses didn't start painting until she was 78. I've got a 15 year head start on her!
"It is not I who is mad! It is I who is crazy!" -- Ren Hoek

"what dicking deep shit i produce" -- pillory

Freedom of choice
Is what you got
Freedom from choice
Is what you want

People are shitting themselves to death
Crap so much they fail to take a breath
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They thought Trump would throw them Charmin.
Pyrrho
Posts: 31302
Joined: Sat Jun 05, 2004 2:17 am
Title: Man in Black
Location: Division 6

Re: NFTs

I looked up info on how to get started and I think it's beyond my ability. Certainly beyond my hardware. Also I'm not going to open any cryptocurrency "wallets", given my recent experience with unemployment fraud.
The flash of light you saw in the sky was not a UFO. Swamp gas from a weather balloon was trapped in a thermal pocket and reflected the light from Venus.
Pyrrho
Posts: 31302
Joined: Sat Jun 05, 2004 2:17 am
Title: Man in Black
Location: Division 6

Re: NFTs

This guy sold his own grandma.

https://news.artnet.com/opinion/kenny-s ... ed-1950407

I can barely make HTML work, let alone figure out this here newfangled NFT malarkey.
The flash of light you saw in the sky was not a UFO. Swamp gas from a weather balloon was trapped in a thermal pocket and reflected the light from Venus.
Witness
Posts: 34426
Joined: Thu Sep 19, 2013 5:50 pm

Re: NFTs

Can we sell the forum, Pyrrho?

It's definitely an artwork… Akin to the Lascaux cave, with multiple layers, anonymous creators, labyrinths, collapsed galleries and even some skeletons in its darker parts.
shemp
Posts: 7176
Joined: Thu Jun 10, 2004 12:16 pm
Title: inbred shit-for-brains
Location: Planet X

Re: NFTs

My first NFT masterpiece is completed. Of course, it's far too sophisticated for peons such as you to appreciate, but I'm sure that you'll want to own a fine work of art that is certain to rapidly appreciate in value.

I give you: Midnight in Cairo!

Bidding begins at 10,000,000 USD.
Midnight in Cairo.jpg
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"It is not I who is mad! It is I who is crazy!" -- Ren Hoek

"what dicking deep shit i produce" -- pillory

Freedom of choice
Is what you got
Freedom from choice
Is what you want

People are shitting themselves to death
Crap so much they fail to take a breath
But even when their kids are starvin'
They thought Trump would throw them Charmin.
shemp
Posts: 7176
Joined: Thu Jun 10, 2004 12:16 pm
Title: inbred shit-for-brains
Location: Planet X

Re: NFTs

Also, now that I am an artiste, you shall address me as "L'Artiste f/k/a shemp." I shall notify you when I have chosen an appropriate unpronounceable symbol to represent me.
"It is not I who is mad! It is I who is crazy!" -- Ren Hoek

"what dicking deep shit i produce" -- pillory

Freedom of choice
Is what you got
Freedom from choice
Is what you want

People are shitting themselves to death
Crap so much they fail to take a breath
But even when their kids are starvin'
They thought Trump would throw them Charmin.
gnome
Posts: 25706
Joined: Tue Jun 29, 2004 12:40 am
Location: New Port Richey, FL

Re: NFTs

His mama named him Shemp, imma call him Shemp.
Last edited by gnome on Thu Mar 25, 2021 11:38 am, edited 1 time in total.
"If fighting is sure to result in victory, then you must fight! Sun Tzu said that, and I'd say he knows a little bit more about fighting than you do, pal, because he invented it, and then he perfected it so that no living man could best him in the ring of honor. Then, he used his fight money to buy two of every animal on earth, and then he herded them onto a boat, and then he beat the crap out of every single one. And from that day forward any time a bunch of animals are together in one place it's called a zoo! (Beat) Unless it's a farm!"
--Soldier, TF2
Anaxagoras
Posts: 29263
Joined: Wed Mar 19, 2008 5:45 am
Location: Yokohama/Tokyo, Japan

Re: NFTs

This has to be a bubble.

Jack Dorsey tweet: Man who buys his first-ever post speaks out
The buyer of Twitter's first ever tweet by its founder Jack Dorsey for \$2.9m (£2.1m) sees it as a wise investment.

"It's a piece of human history in the form of a digital asset. Who knows what will be the price of the first tweet of human history 50 years from now," Malaysia-based Sina Estavi said.

Mr Estavi compared his newly-acquired tweet to Leonardo da Vinci's Mona Lisa.

Experts agree that the first tweet from the Twitter founder on his own platform is a highly valuable asset.
In what sense does he actually "own" the tweet even?
Jack Dorsey's tweet, which said "just setting up my twttr," was first published on 21 March 2006 and was auctioned off by Mr Dorsey for Give Directly's Africa Response charity.
OK, I guess if it's for charity, maybe it doesn't even matter. Just think of it as a donation to charity that comes with a little extra publicity. Is it still tax deductible though?
A fool thinks himself to be wise, but a wise man knows himself to be a fool.
William Shakespeare