Illustrators Corner - Microstock Illustrators Forum > Illustration - General

Illustrators (and photographers) We Need to talk about NFTs

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ShadySue:
https://www.bbc.co.uk/news/technology-56371912

Uncle Pete:

--- Quote from: leremy on March 12, 2021, 06:35 ---This artwork is now selling at 26 ETH, which is equivalent to 46,367.88 USD.

https://opensea.io/assets/0xb47e3cd837ddf8e4c57f05d70ab865de6e193bbb/5323

It has transacted (change hand) a few times already.

Here's the whole ranking at OpenSea (the largest NFT marketplace).

https://opensea.io/rankings

Are we (microstock artist) too old to catch and understand this trend?

--- End quote ---

I'm still learning. How do I sell something? Can I make a collection, or try just one image?

The one you linked to, is apparently not an artwork, but a collection of 10,000? Did I read that right?  "The CryptoPunks are the first NFT. A fixed set of 10,000, they were launched in mid-2017 and became one of the inspirations for the ERC-721 standard. They have been featured in places like The New York Times, Christie’s of London, Art|Basel Miami, and The PBS NewsHour." Also: 10,000 unique collectible characters with proof of ownership stored on the Ethereum blockchain. The project that inspired the modern CryptoArt movement.

Yes I still own some crypto kitties. I wonder if they are selling anymore? I'd be able to cash out for about four times what I paid for them. Not because the prices have gone up, in number, but because the ETH has gone up in value.  8)

Year of the Dog:
"The same guys who've always been at it, trying to come up with a new form of worthless magic bean that they can sell for money."

Uncle Pete:

--- Quote from: Year of the Dog on March 12, 2021, 10:35 ---"The same guys who've always been at it, trying to come up with a new form of worthless magic bean that they can sell for money."

--- End quote ---

Or a Ponzi scheme. Hey wait, maybe I can use some of the ETH I have saved?

So I make a one of a kind work. Then I sell it for 1/100th of an ETH. Which is around $18 today. Then that person sells for double and I get 10% and every time someone sells the art, as these are investments in original digital art, I make 10%. Wow, cool scam. Until the bubble bursts, but what do I care? I have my money and my profits from commissions.

Tomorrow I start on my way to fame, riches and fortunes!

Today I have to fix the bird feeder and take a trip to Harbor Freight for some "manly stuff", then a battery for the iPhone, and grocery shopping. Last stop, fish for dinner, because it's Friday. But tomorrow... the world.



Yes I can see it now, and I have a plan. bwahahaha

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