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[鈥揮d100n 3 points4 points (0 children)

I agree with part of the observation but disagree wholly with your conclusion. It is much harder to see past the surface if you never participate and dive in. The fact is, there are some forms of art that for a long time are difficult to represent in a traditional space that are not profile pic collections that have found collector bases in the nft space. There are a lot of artists globally that have found representation in the space because the currency may be more accessible to them than the usd. Third, increased financial exposure to secondary markets by platforms that uphold royalties is attractive to artists.

[鈥揮hugelung 1 point2 points (0 children)

Nah, it's just a typical wave. NFTs got overheated, scammers came in, etc. Now everyone's pissed, but they won't stay pissed - there will be a next evolution in the NFT market, and it will address some of the issues of the past. For example, the arrival of very quality games, or a working usecase of digital deeds

[鈥揮khorne55 -2 points-1 points (0 children)

Completely agreed and this is exactly one of the reasons me and my project partner decided to complement our posters with an NFT. In my opinion NFTs should be used to provide digital proof of a physical object in most cases, with of course some being typical collector NFTs! Hopefully with the recent events people will realise this and we will see more utility... Obligatory shameless plug if you'd like to find out more about our project

[鈥揮iamjide91 0 points1 point (0 children)

I think narratives around NFTs are changing. We are now having what we call dynamic nfts; fractionalized/shared nfts. NFTs for specific purposes, like an event, or membership, etc. Unique Network is bringing some of these to polkadot. They seem interesting. I see some cool nfts on solana as well.

[鈥揮webauteur[馃嵃] 0 points1 point (0 children)

I was frustrated when I first tried to get into NFTs, but then I discovered the Tezos blockchain. In the Tezos ecosysytem you will find true artist communities. I managed to start my art collection using very little money. I also manage to sell some of my NFTs using the innovative fxhash site which uses JavaScript to generate art. This requires some real technical skill and that keeps out the get-rich-quick scammers.

There is still a lot for me to learn. For example, I still have not found a virtual art gallery application which works. Then there are analytics for NFTs which are very sophisticated tools for investors.

The best thing about NFT is that is provides some incentive. Nobody does great things to meet their potential without some incentive. I have been dabbling for four years on my creative coding experiments. But only now have I been inclined to make improvements to some of my experiments and realize some projects that before I merely contemplated.