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Does anybody know anything about this? https://audius.org/
Actually come to think of it, and reading their white paper, it doesn’t even mention NFTs, so probably has nothing to do with it. Interesting, less that is neverthe.
Boaty McBoatface is now an NFT. You too can now own a piece of history.
https://www.newsanyway.com/2021/08/23/own-boaty-mcboatface-via-mcnfts/
In the time that this thread has been going I’ve swung around to basically favouring only one particular crypto token – The Internet Computer (ICP) because I think that’s about the most sensible way to implement NFTs compared to almost any other crypto out there.
If anyone’s interested here’s some info:
https://www.dfinitycommunity.com/the-rise-of-nfts-on-the-internet-computer/
——
In other related news, I’ve cancelled my Distrokid account (not sure if or when my existing stuff is still in the streaming venues, or when it’ll go) but I’ve been hard at work remaking a small selection of my past songs as new improved re-recordings - remaked, remodelled, and the intention is that they’ll be released as ICP-based NFTs, just as soon as a] I’ve finished (very soon in fact, a lot of the remade tracks are finished already) and 2) when I’ve figured out exactly how to make an NFT on the ICP. Apparently it is possible, but it’s very technical.
This one is interesting. I follow him, he seems a bit of an enthusiastic youngster, now and then brings me something I didn’t know or didn’t see that way, so is useful for me to follow overall. Today is quite interesting, so I’m bringing it to you if you want:
Anyone who can convince another person to part with their money to buy a GIF... I gotta respect the con job. It's quite a scam.
For sure. The hype around the current NFT gif craze makes no sense to me. Worse, it seems to take away from the actual value of the idea of art on the blockchain, which is absolutely the future. I wish I had the brain capacity/time/space to get into this more… maybe someday.
@u0421793 why did you decide against Audius?
I just assumed that beeple bubble burst already. Does it still have momentum?
Basically I didn’t understand it. It seems to me that the only audience that would know it even exists is other highly technical people, and that’s really not the market I’m aiming at
never thought i’d catch my self nodding along to will.i.am
) so thanks for that 
)
“music is used to sell something else” … yeah ,,,, the music is being used to sell the NFT!
not the other way round
i believe we are now in the stage where these technologies (‘crypto’ ,, ‘blockchain’ ,, ‘non-fungibles’) are being sold to the gradually wider public
using music, art, get rich quick, to push the interest …
and sadly (unlike others, i know), i feel these technologies , rather than freeing the many from «control» , are (ultimately) designed for the opposite,,,
or maybe it’s just my techno-glass is half-empty
)
It’s been 6 months since a single grey pixel was sold for $1.36M.
https://artreview.com/crypto-artist-pak-single-grey-pixel-nft-sold-for-1-36-million-dollars/
I recommend minting a solid beige banner ad, to catch the stragglers.
This whole thing reminds me of the KLF burning £1M.
I just assume that 6 months of internet time is plenty for a trend like this to have fizzled unless the whole thing is just some money laundering grift, in which case it could go on forever.
Yes, I’m with you. Six months of internet time is, like, 150 dog years.
I think we might be at the ‘lots of people don’t want it to be over, but it kind of is over’ stage. At least, considering the form things took, and the value judgements of a few months ago. Blockchain tech will endure for a long while yet, I expect, but million-dollar pixel art might have run its course.
Who knows, though. People are crazy.
I will admit I bought some SHIB (Shiba Inu), which is sort of like the Ethereum equivalent of Dogecoin. One of the main uses for SHIB right now appears to be NFT sales. Since I bought it, my paltry investment is up over 200% and it's now the 12th largest crypto by market cap (around $9.2 billion, with a volume of $19 billion).
So, yes, the NFT market is crazy. But it's also still growing.
(***None of this is investing advice. Do your own homework.)
I predict there’ll be a point in time soon where we see cases where hackers realise that the linkage between the immutable smart contract that forms the NFT in some architectures which points to an external URL can be hacked such that the external resource no longer serves the NFT content but, well, anything – from nothing at all, to Russian porn, to a holding page, but not your NFT content any more.
That’ll be when all trust is lost
Since cryptos are based on a public ledger and consensus model I don’t really see that happening. Remember, cryptos have already been around more than 10 years. If there was a way to compromise a public ledger it would’ve happened already. The model is proven.
But in the case of the NFT, you’re buying something that is usually art or some other kind of artistic interpretation and art markets are subject to trends. The $60 million thing someone buys today might be considered passé in a year or two (and especially because so many NFTs are so tacky looking).
You’re not doing anything to the actual blockchain – that’s immutable. You’d be affecting what the immutably coded reference in the smart contract points to in the outside world. It’d still be pointing to it, but what’s there would be a surprise.
You may want to re-read what Ian is saying - it's not the blockchain that might be compromised, but the URL that the NFT is pointing to.
Even if those URLs don't get compromised, you can guarantee that in ten years' time a big chunk of them will be 404s.
That is the whackest part to me. It is just a link. The whole idea of an URL will probably be outdated one day too.
Wooh, I own three dots on the ticker-doo!
It’s early days of course, but I see the content/product as the important thing to be treated with the necessary care to ensure longevity and ongoing value. It would benefit from an associated NFT as a means to reinforce authenticity, but that’s about all. That’s all NFTs should be.
At the moment we have the utterly cretinous situation whereby the NFT is seen (erroneously) as the thing of value. This is like a swing tag being the thing people buy, the jeans or coat or underpants attached being almost secondary and the quality of them immaterial, as long as the swing tag is still saleable. Stupid.
Well said. An unchangeable, persistent identity tag. it comes with astounding implications and uses, but the NFT is essentially a very simple idea. And once the hype dies down, I hope it will eventually become a universally used tool for most art forms.
Imagine… something like song ownership. When the NFT structures are in place, a song-writer can offer “royalty ownership” that is controlled by the artist and equally accessible to individual patrons as well as massive music industry players.
The technology has massive implications. At the end of the day, could be in 5 or 20 years, art will be better and artists will be better compensated.
Also, in the music industry historically the “label” was more than just a tag and there was gobs of money to be made. So, its understandable that a lot of people see the NFT as “the thing of value.”
But those who get it realize the real value is that NFT has the opportunity to help restore the art and the artist as primary beneficiaries of their work.
Humm ... how so? How is it any different than an artist selling the artwork itself - at least how it is now?
Right. That’s a lot of “what if’s”.
This is one of the most intelligent and cogent presentations I have seen on NFTs. I will admit that I fear I’m impressed by his technical acumen possibly because I don’t know enough to call BS. Would love to hear other opinions. Caveat emptor: The video is 2+ hours. (I still am watching.) Also, i’m now getting crypto ads on YT.
since this thread has been dug up. ill chime in..
I think nft's are awesome. and they are so much more than what people make them out to be, overpriced jpegs. holding an NFT gets you access to a community, airdrops, generative art capabilities etc etc. you can also make a quick buck flipping them if you know what you are doing..
some cool music nft projects worth checking out:
https://www.warpsound.ai/ (sold out)
https://www.ghostofnft.io/ (not sold out, but may eventually if they get their shit together)
.
Here's a creative way to make some money on NFTs
-
https://therecord.media/hacker-abuses-opensea-to-buy-nfts-at-older-cheaper-prices/
smart guy
this is why i don't like 90% of all NFT market - it's centralised shit which stands and falls with central authority which manages all transactions and physically stores data (OpenSea in this case).
Just recently learned that SOME NFTs works different way than majority of dumb pictures of apes, and are really physically stored directly on blockchain - for example CryptoKitties or CryptoPunks - although there is limitation of size so they can be really just very small, literally few pixels / bytes ...
but still, this is interesting and may be considered as another form of digital scarcity ..
Also there is possibility to store some CODE instead of image on blockchain, which then in realtime generates visual art (something like smart few kilobytes demos in 90's demoscene) - which may be interesting too - i'm starting to be a little bit interested in these little islands of something interesting and kinda inovative hidden in vast ocean of NFT shit swamp ..