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icest0 t1_j1viwoc wrote

Reply to comment by Ninja-Sneaky in art future by nickmakr

> fakes and prints of real world works and there will be the single NFT akin to the original artwork in real world.

NFT is a URI pointing to a data location. How are you going to bind it to the physical object using NFT?

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Ninja-Sneaky t1_j1vkt36 wrote

Oh i see the misconception, maybe i worded it wrongly, but my op doesn't imply binding a real object to an NFT, rather NFTs will digitally follow the dynamics of what happens today in the real world with originals, reproductions and copies

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icest0 t1_j1vlym9 wrote

I don't think I misunderstood anything. How are you going to make NFT "digitally follow" (bind) the real-world original object.

since you use the word "original" there need to be a link between the two, otherwise you can't verify that it's the original. How are you going to do it with NFT, that's the question.

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Ninja-Sneaky t1_j1vng4g wrote

Oh boy, there's NO MENTION of a link with any real object. The NFT itself with anything inside it (e.g. an artwork image) holds the value that anybody wants to give it, legit or not.

You took the wrong conclusions from my post, you can't even follow my concept, maybe you should be a little polite and humble and ask for a clarification to people rather than being arrogant.

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icest0 t1_j1vo9zr wrote

>The NFT itself with anything inside it (e.g. an artwork image)

Misconception: NFT itself a URI pointing to data location (a link). NFT itself doesn't store artwork because it would be stupidly heavy on the blockchain.

>You took the wrong conclusions from my post, you can't even follow my concept, maybe you should be a little polite and humble and ask for a clarification to people rather being arrogant.

Yeah, I get it now. You thought I took the wrong conclusion, but you see, I can't follow your concept of NFT because you yourself don't even know about the topic you're talking about.

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Ninja-Sneaky t1_j1vp7nh wrote

Ok, so follow me here: beyond any technicalities, that thing in which they trade some NFT of a logo or ape or any shit. I'm talking about that one.

You may stomp your feet at technicalities or legitimacy, manipulations et al, but it's being done for quite some time now regardless.

Like, you see my reddit avatar? It's some NFT minted by reddit, I didn't even ask for it

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icest0 t1_j1vqahv wrote

oh, you meant digital ownership using NFT? Like being able to say you own the original digital item? with a recipe that as proof that you own the original item?

but that's dumb too, and I don't think I want to go on about that topic lmao

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Ninja-Sneaky t1_j1vqssj wrote

Bro in my OP I'm just describing what i see is going to happen, doesn't mean that I agree to it. I'm not trading NFTs but I see people is gonna do it more and more in the future, the same as today I can hang a print of a real portrait while collectors trade the originals.

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icest0 t1_j1vseuy wrote

>but I see people is gonna do it more and more in the future

FYI, the bubble already popped. Their value also drop like 90% and NFT trading volume is trending down as time goes on. https://nonfungible.com/market-tracker

Reddit avatar (NFT) is pretty dead too https://www.reddit.com/r/avatartrading/

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Ninja-Sneaky t1_j1vtagh wrote

Yea I know all of that, and I am not affected if it went in either direction. You know in the real world there exist 200$ paintings, it's not only about those world famous artists. If today I see steam cards, I can see a future with NFT stuff worth 10 bucks to a million

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