04-23-2023, 05:54 AM
NFTs: an explanation for those that don't get it
<!-- SC_OFF --><div class="md"><p>Most members of this community have seen countless examples of belly-flop NFTs, but we have also seen a few better examples, such as Reddit's avatars. There has been news in the past about NFTs for pretty much everything: ticket sales, art, various proofs of purchase, virtual real estate, music, etc.</p> <p>The "right click, save JPEG" meme is fairly accurate from a representational point of view. Just like you could go online and find a high-res image of the Mona Lisa and have it printed, framed, and hung on your wall, you can also copy digital art through the save method, or the little-known (lol) screen-shot method.</p> <p>The most relatable explanation of an NFT isn't that it's preventing people from copying the media, it's that it serves as a proof of authenticity. Anyone could have something on their wall that looks like a Jackson Pollock painting, but having an authentic version with his signature on it means <em>a lot</em> more to people who are collectors of his work, and art in general.</p> <p>So, while digital media is undeniably different, this same premise still holds true. The signature isn't something that is necessarily visible, but it does exist immortalized on a blockchain for easy verification. Even if you don't consider a Jackson Pollock painting art, you still understand what the signature means. </p> <p>Edit: as <a href="/u/samer109">u/samer109</a> reminded me, NFTs also enable the option of having a percentage of second-hand sale proceeds going back to the artist. In theory, if an artist had enough NFTs or enough that were selling for high-value amounts, they could make a decent income from it. Which, to my knowledge, is a sharp contrast from traditional art sales. Maybe for high end art there are legal agreements and established trusts that will get portions of proceeds as famous art is sold, but I am not sure.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/arcalus"> /u/arcalus </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12vd948/nfts_an_explanation_for_those_that_dont_get_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12vd948/nfts_an_explanation_for_those_that_dont_get_it/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Most members of this community have seen countless examples of belly-flop NFTs, but we have also seen a few better examples, such as Reddit's avatars. There has been news in the past about NFTs for pretty much everything: ticket sales, art, various proofs of purchase, virtual real estate, music, etc.</p> <p>The "right click, save JPEG" meme is fairly accurate from a representational point of view. Just like you could go online and find a high-res image of the Mona Lisa and have it printed, framed, and hung on your wall, you can also copy digital art through the save method, or the little-known (lol) screen-shot method.</p> <p>The most relatable explanation of an NFT isn't that it's preventing people from copying the media, it's that it serves as a proof of authenticity. Anyone could have something on their wall that looks like a Jackson Pollock painting, but having an authentic version with his signature on it means <em>a lot</em> more to people who are collectors of his work, and art in general.</p> <p>So, while digital media is undeniably different, this same premise still holds true. The signature isn't something that is necessarily visible, but it does exist immortalized on a blockchain for easy verification. Even if you don't consider a Jackson Pollock painting art, you still understand what the signature means. </p> <p>Edit: as <a href="/u/samer109">u/samer109</a> reminded me, NFTs also enable the option of having a percentage of second-hand sale proceeds going back to the artist. In theory, if an artist had enough NFTs or enough that were selling for high-value amounts, they could make a decent income from it. Which, to my knowledge, is a sharp contrast from traditional art sales. Maybe for high end art there are legal agreements and established trusts that will get portions of proceeds as famous art is sold, but I am not sure.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/arcalus"> /u/arcalus </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12vd948/nfts_an_explanation_for_those_that_dont_get_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12vd948/nfts_an_explanation_for_those_that_dont_get_it/">[comments]</a></span>