hope or hype for art
- an dweb meetup
- got here late
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
- jin presenting
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
- nft storage offers a simple API for storing NFTs
dispelling NFT myths
"nfts represent art"
- they can represent game assets, non fungible things off blockchain (real estate for example)
"nfts are new"
"nfts are ethereum specific"
- they can run on any blockchain that supports contracts
- nfts only make up 2-3% of ethereum contracts approx.
"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.
- "nfts represent art"
- dispelling NFT myths
- we are seeing the art world and crypto economics colliding
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
the crypto world has many problems of its own:
- diversity problems -- the more prominent proponents are rich men
what can NFTs do for us?
- create new funding models
- redefine ownership
- define new relationships between artists, patrons and ecosystems
artists as producers of items of high value
- causes confusion and tension
- many artists bring high value to the nft ecosystem
- artists as producers of items of high value
- async art, hen were mentioned
- wendy hanamura is the moderator
Q: what's been happening inside the nft world?
- (who made more money with one nft that during five years of producing digital content previously)
- sarah friend
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.
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
- wendy hanamura question from chat: why do we need to introduce scarcity? why isn't patreon good enough?
- (dropping out due to conflict, check notes in @vera/2021-05-04 for more)
- how do nfts rank for dweb principles?