I think this week we push to 46k in next 2-3 days and drop to 36k in 2-3 days then rebound to 38k
I really wish the stock market would stop being gay
Republicans want to default on all this debt they've created lmao
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Capitalism!
the fact that NFTs exist makes me angry every time I’m unfortunate enough to remember for a few minutes
Nfts use case is definitely not art
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Theres a number of large crap projects and it's very easy to focus on them over anything quality. But the bottom line is that they have plenty of use in art -- creating value for quality digital artists where previously there was little opportunity, helping foreign artists transcend boundaries to make a living, creating an open and "fair" market for art, etc
But yeah the implications of them go far beyond that
big disagree I think many of the quality digital artists could already monetize fairly well and won’t use NFTs at all
I’m sure it has good implementations but all they are right now is mostly repulsive scams tricking rubes out of their money
I just don’t see why you’d shell out
big bucks for a digital ‘original’ over a physical painting
so you can look at it on your computer? print a copy? you could already do that all you’re doing is giving the artist more money arbitrarily - which you could also already do
the ‘scarcity’ part of that just seems completely pointless to me
also this is a real thing that does indeed exist in 2021 the year of our lord
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The cool nft use would be items in video games
Buy an nft and use it in game
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Boring nft would be tickets to movies and concerts to prevent fraud
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Or a VR art exhibit that can only be explored if you own the nft itself
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Could see some big uses from NSFW VR porn nfts to be custom made
The revenue stream is way more consistent for them and allows them to get secondary market sales. If you're just an artist asking for support you won't get it, with NFTs you're supported and the person who supported you gains something from it in addition to traders, collectors. The reach is way bigger
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I know a guy who's made an ETH starting from 0 starting his career in March. That doesn't seem like a lot but most artists go through schooling and then struggle to find buyers or galleries to display in to get buyers etc and I have no doubt his dividends will grow
Yeah would be real dope if I could've sold my $350 awp for crypto instead that values gotta sit in my steam acc. Or sell at a more sig loss through some shitty 3p. Closed markets suck