19/08/2022 I Tried to Understand NFT Art. It Wasn't What I Expected

NFT art has plenty of issues. But with the right tech, it could become totally normal in a few years.

When I began my quest to understand NFTs, I did not think I would end up buying one. Yet there I was, scanning a QR code with my phone in the middle of an art exhibit, spending $69 of my own real money to become the proud owner of a jpeg.

The image, namedIndependence, is of a sculpture of the Statue of Liberty surrounded by a pair of metallic snakes, designed by an artist who goes by the name Fvckrender. (He may be a big deal in theNFT art world, but I still had to bleep out his name in my video.)

For three days this summer, I ran around a New York City NFT convention, toured physicalNFT art galleriesand spoke to the artists and entrepreneurs building this new realm of digital property -- and of course, tried to understand what people evendowith their NFTs. I learned thatNFTs are much more than overpriced cartoons of bored apesyou buy using cryptocurrency -- although there are plenty of people trying to get rich off various pixelated animal heads.

Bridget Carey scanning a QR code to buy an NFT called Independence.

Look, ma, no crypto. In learning about NFT art, I find myself buying a piece by scanning a QR code and entering my credit card number -- as easy as buying shoes online. But what do you do with digital art?

Candice Greene/CNET

This new way of buying and selling digital property is -- no question about it -- absolutely wacky. A lot of it is also problematic. Yet to my surprise, while immersing myself, I found a side of it all that is almost hopeful and inspiring in its potential for the art world, and I learned what it will take for NFTs to be part of our everyday lives.

Arts

https://www.cnet.com/culture/internet/i-tried-to-understand-nft-art-it-wasnt-what-i-expected/

Interesting NFTs
7 Rare Traits + Daffodil
Ciao! I'm 7 Rare Traits + Daffodil. I'm often referred to as the Peter Griffin of the group. I would give it all up to be on Oprah. Can you make my prickly dreams come true?
Nyan Cat
Nyan Cat is the name of an animation uploaded on April 2 2011, and became a viral internet sensation. The design of Nyan Cat was inspired by my cat Marty, who crossed the Rainbow Bridge but lives on in spirit. I am the original artist behind the iconic GIF and have remastered the image for its 10 year anniversary. Owning this piece grants the following stats: Charisma +10 Luck +10 Happiness +15 ________________ 1400x1400 - 12 Frames
The Investor's Dream
The second "Visual Toy" about cryptocurrency and its universe that continues the exclusive collection on this theme. After the first Visual Toy, dedicated to the cryptocurrency itself, this visual toy is the other side of the coin. It represents, as its title tells us, the investor's dream, the current person and his financial hopes. A surreal fantasy of the dreams and longings of every investor, in this case the crypto investor. In this magical, happy and colorful dream, aspirations of all kinds intermingle, both the desire for great benefits, represented in a long animation that shows us a production cycle or series production that ranges from the gastronomic recipe of a two-ingredient cake. Bitcoin slice and Ethereum smoothie, passing through magic, represented in a fairy that transforms the cake into real money, which is sucked into a giant capsule to accumulate it and multiply it. The rest is full of investor aspirations, which appear in their dreams in the form of profits or screens that announce that values are rising steadily, as well as physical possessions, such as the sailboat, the helicopter, homes and other objects or possibilities. A dream full of happiness, fun and hope.
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By OthersideDeployer
CryptoPunk #7804
The CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all 10,000 were quickly claimed. Now they must be purchased from someone via the marketplace that's also embedded in the blockchain.