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Monkey0ps t1_iu321r2 wrote

Reply to comment by Charlotttes in Rama partnering with an NFT company?? by wolfenstein734

Why does it suck? NFTs aren't as valuable as people make them out to be but the whole thing has a great tool/value to artists.

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Charlotttes t1_iu36rre wrote

im speaking as an artist here: absolutely not. there's nothing that NFTs and/or crypto broadly can do for art ecosystems that can't already be done with traditional systems. add onto that:

  • they look like that
  • the fact that buyers aren't buying the art, they're buying the asset that happens to be bundled to the art
  • the fact that the token is merely a link to the image, hosted elsewhere, which means that the image tied to the token can be changed or disappear
  • every little transaction costs money, to the point that if you're small time you probably won't break even after gas costs (that's what they're called, right)
  • the ability for future buyers of the token to sidestep the residuals, which is one of the things that this system is advertised as giving you
  • this is obvious but theres also the absurd environmental cost of transactions
  • and then there's their insanely bad reputation, which is fucking poison to your personal brand

and there are definitely additional, more minute problems. its just not worth the trouble when paypal, patreon, ko-fi, and whatever else work well enough, and they work with real money

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nukkawut t1_iu4uulf wrote

So many things you said are true about non-NFT art too.

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Charlotttes t1_iu4zogm wrote

I guess? half of the stuff i mentioned is the supposed benefits of ‘buying in’ to the system not working as advertised, and another half (NOT the other half, overlaps a bit with the first half) is a result of NFTs being an attempt to bring the dynamic of buying and selling fine art to a completely digital space. which, to be clear, isn’t the kind of thing that anyone thought was missing from ‘the experience’. its a dynamic that people are pretty happy to be free of

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RelativeChance t1_iu3a4s6 wrote

Yes, rama is definitely doing it for this reason and not to make a quick buck off a fad.

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Monkey0ps t1_iu3axf6 wrote

I wasn't defending their motive, just asking why it felt like a massive hate boner for NFTs.

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