LogFAQs > #961750112

Forceful_Dragon posted...

Perhaps helping logan paul is not the right tact, but it would help *anyone* not get scammed out of millions.

Ignore oil paintings, there are other collectibles, like pokemon cards or baseball cards that *can* be replicated with the right materials and type of printer in a way that would be virtually impossible to detect. And yet knowing something isn't legitimate makes it worthless.

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This is a good way to put it as well.

And i'm definitely not saying everyone *has* to deal in NFTs.
Nor am I saying they are innately better than their physical counterparts.

But I think there is room enough for both to exist and there is at least a purpose to them existing.

Yeah, that's why I singled out PFP projects as the worst type of NFT. The randomly generated projects, with a few notable exceptions, are an oversaturated speculative bubble.

But there are many small time artists who went from struggling to get by to being able to survive on the money they've earned selling their own personal art as NFTs. They don't have to be the person who makes millions overnight, but making thousands can be enough to live on and for many digital artists who were being forced to accept laughably small sums for their work, it's a big step forward. Being able to actually sell the ownership of your digital artwork gives you more control.

Its not a big step forward in any way, because the only art that gets bought is the things people think they can flip.

Im not speculating, pun intended, all of the most diehard NFT supporters or digital artists like Beeple literally talk about this. Beeple was on Joe Rogan and literally said other people can get rich buying art, so the artists and the buyers win. Except eventually someone has to stop buying, which leaves someone scammed and holding the bag.

Like Para said, thats very funny, but lets not act like this is a good thing to support artists, because read my first paragraph again.