NFT's aren't the answer to the problems of digital art

Re:NFT's aren't the answer to the problems of digital art by easytiger on Tuesday November 09, 2021 @05:39AM (#29159930)

I noticed Bonham's are currently auctioning NFTs for soccer football trading cards

One for Ronaldo with 2days left is 180k with an expected sale of 800k-1.2m (usd)

People have gone mad

[ Parent | on HN ]

Re:NFT's aren't the answer to the problems of digital art by d3nj4l on Tuesday November 09, 2021 @05:45AM (#29159961)

Just as likely that it's a wash trade.

[ Parent | on HN ]

Re:NFT's aren't the answer to the problems of digital art by blue1 on Tuesday November 09, 2021 @05:50AM (#29160013)

I keep hearing this, but how is that supposed to work?

[ Parent | on HN ]

Re:NFT's aren't the answer to the problems of digital art by cwmma on Tuesday November 09, 2021 @05:55AM (#29160053)

You sell to your self on a different account, makes it look like people are buying it.

[ Parent | on HN ]

Re:NFT's aren't the answer to the problems of digital art by raesene9 on Tuesday November 09, 2021 @06:04AM (#29160116)

This thread explained the scam pretty well https://twitter.com/Foone/status/1457749433844568066?s=20 (they changed NFT-->NTFS to avoid bots)

[ Parent | on HN ]

Re:NFT's aren't the answer to the problems of digital art by justblaze23 on Tuesday November 09, 2021 @05:55AM (#29160050)

Since wallets aren't KYC one user with another wealth can bid up their own NFT or even sell it to themselves. Until a mark comes along and buys it

[ Parent | on HN ]