The closest way I’ve found to explain the weirdness of #NFT for art: They’re like a signed, numbered limited edition print, but the signature is not on the actual print, and not necessarily even by the artist
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Except not limited, nor endorsed, nor valid in any sense other than by everyone pretending.
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Somebody compared it to star naming services.
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Replying to @fquednau @tastapod
I know. I’m not convinced, as that is 100% a scam, and there are some actual artists involved in that NFT thing, which makes it only 95% comparable IMO :)

Oct 7, 2021 · 6:56 AM UTC

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Replying to @stilkov @fquednau
An artist being complicit in a Ponzi scheme doesn't mean it isn't a Ponzi scheme. It just means the artist is happy to fleece a greater fool. Don't confuse creativity with integrity! en.wikipedia.org/wiki/Greate…
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I find the Ponzi scheme scam arguments too shallow, and also quite boring TBH
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