hope or hype for art
Notes
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got here late
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[[zoom]] really has very very poor screencast quality it seems? I can’t even read the text on the screen.
- nevermind, it was likely an issue with the first presenter
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[[jin]] presenting
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[[molly mackinlay]] from [[protocol labs]]
- an [[nft]] is just a contract in a blockchain.
- it doesn’t solve the problem of hosting the content you are acquiring with the contract.
- sometimes people sell NFTs that just refer to a centralized URL that breaks/can be made to serve other content
- [[ipfs]] allows you to refer to a fingerprint that will remain constant
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[[nft storage]] offers a simple API for storing NFTs
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[[sarah friend]]
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dispelling NFT myths
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"nfts represent art"
- they can represent game assets, non fungible things off blockchain (real estate for example)
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"nfts are new"
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"nfts are ethereum specific"
- they can run on any blockchain that supports contracts
- nfts only make up 2-3% of ethereum contracts approx.
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"nfts change the copyright status of items"
- nope, they don’t interact with copyright. even if you buy an NFT, the copyright stays with the artist.
- note this is true also of physical artworks.
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[[ruth catlow]]
- we are seeing the art world and crypto economics colliding
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the art world faces awkward problems:
- reconciling the value of a work of art within a social context vs its economic value
- funding — many sources, but not enough to fund every artist to a reasonable lifestyle
- art being a vehicle for speculation and money laundering
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the crypto world has many problems of its own:
- diversity problems — the more prominent proponents are rich men
- exclusionary
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what can NFTs do for us?
- create new funding models
- redefine ownership
- define new relationships between artists, patrons and ecosystems
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common mistakes
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artists as producers of items of high value
- causes confusion and tension
- many artists bring high value to the nft ecosystem
- [[async art]], [[hen]] were mentioned
- [[wendy hanamura]] is the moderator
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Q: what’s been happening inside the nft world?
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[[jin]]
- (who made more money with one nft that during five years of producing digital content previously)
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[[sarah friend]]
- in february this year an artist made a website called [[cryptoart wtf]], you could type the name of any artist and see their [[carbon footprint]]
- never thought she would spend so much time fact checking this kind of thing
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[[wendy hanamura]] perhaps the reason that people are anti-nft is environmental mostly?
- [[jin]] the ethereum community is solving this with proof of stake. layer2 is also rolling out.
- [[sarah friend]] true that PoW is expensive
- [[wendy]] is it true you haven’t built on PoW for a while?
- [[sarah friend]] yes, haven’t worked on a [[pow]] blockchain since 2017. have found it not even difficult to avoid [[pow]].
- [[molly mackinlay]] we have to perhaps do a better job at communicating that [[nfts]] are not the artwork, they are more like a receipt.
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[[wendy hanamura]] question on the chat; people think perhaps the panel is too one-sided (positive) and were expecting pros/cons
- [[ruth catlow]] the environmental impact question steamrolled over the fact that many artists in this field are very much socially aware; the moral panic prevented us from having a more interesting conversation
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[[wendy hanamura]] question from chat: why do we need to introduce scarcity? why isn’t patreon good enough?
- [[ruth catlow]] patreon works well for some things
- [[sarah friend]] one of the things patreon is critized for is (…)
- (dropping out due to conflict, check notes in [[@vera/2021-05-04]] for more)
- how do [[nfts]] rank for [[dweb principles]]?