Re:The Unreasonable Ecological Cost of CryptoArt
by iamacyborg on Friday March 12, 2021 @07:50AM
(#26435246)
What proportion of the NFT mania is actually artists making money vs grifters and scammers making money?
[ Parent
| on HN ]
Re:The Unreasonable Ecological Cost of CryptoArt
by adnzzzzZ on Friday March 12, 2021 @08:03AM
(#26435380)
If there are artists making money that previously weren't then that proportion is irrelevant. It's a completely voluntary system, no one is forced to use it or care about it.
Re:The Unreasonable Ecological Cost of CryptoArt
by iamacyborg on Friday March 12, 2021 @08:46AM
(#26435746)
Except for the many artists who are having their work stolen.
Re:The Unreasonable Ecological Cost of CryptoArt
by bsanr2 on Friday March 12, 2021 @12:40PM
(#26438436)
Those are unauthorized. Too bad to the collectors who gave their money to scammers, but those NFTs are worthless the moment the artist declares them forgeries.
Re:The Unreasonable Ecological Cost of CryptoArt
by iamacyborg on Friday March 12, 2021 @01:08PM
(#26438798)
Worthless according to who? It's not like the artist can take ownership of the NFT
Re:The Unreasonable Ecological Cost of CryptoArt
by bsanr2 on Sunday March 14, 2021 @05:12PM
(#26459248)
The value of an NFT is in its provenance, just as with traditional works. If you forge a Mondrian, it won't be worth as much as an original Mondrian. It's even worse for NFTs since anyone can own the file data; the value of the NFT is almost purely its relationship to the artist.