NFT sales redraw the art market I FT Wealth
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- เผยแพร่เมื่อ 27 พ.ย. 2021
- The market for non-fungible tokens, or NFTs, is soaring, reaching $10.7bn in the third quarter of 2021. For the art world it's a new frontier, where ownership of digital assets is encrypted on the blockchain. The FT talks to artists, auction houses and collectors about how NFTs are bringing in new buyers and setting records for sales of digital works, and we follow a painter making his first NFT. Read more at on.ft.com/3lfowxJ
#NFTs #crypto #blockchain #OpenSea
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lunacy of the art market meets the lunacy of cryptocurrency market. what could go wrong?
lol😆
In Japan, an elementary school student's drawing has reached a million USD in worth because of NFT. It's a lifechanger for anyone in this world who are extremely lucky, and understand the game.
You think that is normal?
Yes.
I love the camera work thank you so much for this Video.
Two words: money laundering
When has art not been money Laundering? Would ou go into Pablo Escobars house and not expect to see high art?
Just started my career as a NFT artist 👨🏻🎨
good luck
@@zizouyoussef7944 thx!
This echoes a bit Japanese businessmen's art shopping spree in the late 80s and may be a symptom of a bubble in the main asset classes, not just digital art
Talk to the guy that bought a tulip bulb for $10,000 during the Holland tulip bubble.
A true mania that was!
Here we have a spectacular reincarnation of a Tulip Bubble.
Except the tulips are infinitely copiable, so even before you've paid out tens of millions for the rarest tulip, anyone else who wants it has already been able to right-click and save it to have for themselves. All you are buying is the theoretical idea of "ownership" with none of the practical benefits.
bubble? so you cant buy tulips anymore? that industry died?
@@danielwatson6529 You know what the Tulip Bubble is right?
@@WhichDoctor1 yup. its that lil concept wich brought about the stock market, which is worth a few bob last time I looked
This is actually a really good overview
The supply of these NFT is increasing, making them basically worthless in the future
There are thousands of tangible arts being created every day but why do I see some going for millions if “increasing supply makes them worthless” is true
If you ever tipped a toe into the "NFT community" as a normal person - you will be outright disgusted by the way these people talk and behave. And this "Lisa Ledson" person is exactly what you will meet... urgh.
Awese content! I’d love to hear your opinion about NFT card games - Spellfire looks very promising! Great community :)
I swear rich people have alot of money and dont know what to do with it
I hoped NFTs would create a more inclusive art market, bring those insane prices down to earth and make art accessible for more people. For now it just seems like we are seeing more of those insane prices with cryptomaniac intentions behind
the prices are set not by the artists but by the people parting with such amounts 🤷
great insight@@Gordon__brown
Always assumed this was just a money laundering racket, no?
no maybe a while ago but now there are all sorts involved
There may be some of that going on, but if you think it's only that you still have lots to learn.
How much gas fees do we have to pay to mint a piece of art ?
Update, they worth f all now.
Those who are just saying it is just a .jpeg, they can't barely use photoshop or adobe illustrator.
Money laundering just like the real high end galleries but with out the art that everyone can copy keep or steal.Sure
I am struggling to understand what problem they are solving. If I buy a Rolex, I get a receipt acts as proof of purchase and as a warranty. So why on earth do I need it to be nft’d. I’ll welcome this fad as an alternative conspicuous consumerism
you literally said it yourself - you want proof of purchase... thats what the token is, why is it any different from anything else?
@@Gordon__brown But the are proofs of purchase for things that can be infinitely duplicated for free. So you are left holding the receipt proving you own the thing that everyone else also possesses. It takes the concept of ownership and divorces it from the idea that you have something that other people don't. After that what does "ownership" even mean?
@@Gordon__brown There’s no need for it as that’s already been solved. There are already mechanisms and infrastructure in place to ensure a proof of purchase. If I need to find out whether or not my Stone Island or OFF-White (RIP Virgil Abloh, cancer store him from us 😣), I’d go to Certilogo then scan the qr code and viola!
All of the solution tooted by these enthusiasts are so noughties, Web 1.0 concerns that needed solving. Which is ironically; because these frothy crypto/nft depict themselves as forefront of Web 3.0 - money landrer go _brrrr_
If I was ever keen on this fad, I’d also be selling shovels in a gold rush like all those platforms.
There are already proofs of purchases. NFT is simply a means of improving an already existing idea. Prior to denim jean's, people already wore pants.
I don't think you guys are using your imagination enough, entire governments could use NFT blockchain as a means of recording property deeds ownership. No more disputes, easy to find taxes, etc.
@@maximyles not really - proof of purchase that relies on trust is different from proof of purchase that does NOT rely on trust. Using property deeds as an example is very 2017 of you :)
🤦♂️
It's all a hype.No real art ,no real artists.
I smell a bubble
the NFT artist is such a stereotypical basic
ridiulous.
Not one reference to the environmental impact.
Late stage capitalism