www.businessinsider.com: The NFT craze continues, and it could change the art world.
The acronym, which stands for "non-fungible token," is a digital file that's tradable by blockchain. It shot to fame and prominence in March when a visual artist called Beeple sold "Everydays: the First 5000 Days," a digital collage of images, for $69.3 million at auction. It was the third-highest price ever paid at any auction for a work by a living artist, according to The Washington Post. Not even a Titian or a Raphael has sold for that much.
1 comment:
I’m confused. Are these just digital works of art? Like it's just a gif with a bitcoin attached to it? This seems kinda stupid. The article said something about high profile sculptors and other artists who work in 3D starting to dabble in NFTs after one sold for almost 70 million (which seems like a shitty thing to do). If you're really just in search of a quick buck why did you even decide to become an artist at all. To be honest, it's hard for me to believe this is anything more than a fad. Like owning something hypothetical and solely on a screen will never compare to holding something in your hands that someone else physically crafted. It will never be the same. Feel free to prove me wrong, but all this just kinda seems like trading cards for rich people who are looking for something, anything, to throw their money at. I'm all for supporting artists, this just seems like an odd way to do it.
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