![]() ![]() “The intellectual-property rights to that picture of a monkey,” writes Levine, “are certainly none of the blockchain’s business. Legally speaking, there are other troubling questions. Related How Agnieszka Pilat’s Paintings Became Blue-Chip Picks for Collectors and Titans of Industry On Bloomberg TV, Pat Regnier, Finance editor at Bloomberg Businessweek who edited Levine’s story, said there are other aspects of NFTs to be skeptical about, “I think we’ve all observed that there were enough shenanigans in that market-of creating inflated valuations- people a lot of pause about getting into that space.” Perhaps he was referring to Pak or Beeple. If you buy an NFT, what you own is a notation on the blockchain that says you own a pointer to some web server.” It’s like paying a museum for a Cezanne, and they only give you the page from the museum catalog…or better yet, they’ve only sent you the museum wall label! He writes, “but what does it mean to say that the NFT is a piece of digital art? The art does not live on the blockchain…. Levine also questions the thin connection between the code you’re investing in on the blockchain when you buy an NFT and the actual piece of art. But one might say that both crypto and NFTs got quite a harsh critique in Levine’s story: For example, in the middle of the article, Levine refers to an Esquire article, which discusses how some in crypto are trying to reimagine books as investment opportunities! Levine’s take is this? “The bad way to put this is that every web3 project is simultaneously a Ponzi.” In mid-October, Bloomberg published a massive 40,000-word story in Businessweek, written by finance writer, Matt Levine, who attempted to demystify and explain cryptocurrency as well as NFTs. Related How This Simple Art Showcase Aims to Spark a Sales Revolutionīut that wasn’t the only bad news NFTs were getting. Digital artwork dates back to the 1990s, even before. It’s also not that Beeple’s work was the first digital work of art ever made. ![]() ![]() New York magazine’s art critic, Jerry Saltz tweeted about the work, as well, “I looked up Beeple just really really derivative Sci-Fi and Conan and Star Wars crapola as far as imagery and imagination go.” That’s not really a vote of confidence. Aesthetically and visually speaking, Beeple’s work isn’t very original or interesting. Why so much money? It’s a good question that’s difficult to answer. The title of the work was called, “Everydays: The First 5000 Days,” which was a collage of computer illustrations. On March 11, 2021, Mike Winkelmann, a digital artist who goes by the online name, Beeple, auctioned off a digital work of art at Christie’s, one of the largest fine-art auction houses in the fine-art world. “The auction room, as anyone knows, is an excellent medium for sustaining fictional price levels, because the public imagines that auction prices are necessarily real prices.”-Robert Hughes, 1984, The New York Review of Books ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |