I Created A FFXI NFT

Because I'm bored. Check it out add a like or not.
I'm tempted to create some nice playing card versions. Or I could just log back in game.

https://opensea.io/collection/treasures-of-vanadiel

<3

we live in the dumbest timeline

Yeap, a picture of an ape sold for 4Million USD today.

"""sold"""

my mistake, it sold for 1.5M and is now selling for 4M

here's transaction

https://etherscan.io/tx/0x3fd23f939a512e8de3444fe5d441e3a60c9c5c6d277ed65475d5e31c33913b4c

Bring FFXI NFSW instead then we can start a conversation

It's just the next level of the art business.

People paying stupid amounts of money for a stupid modern art picture or a "unique" one of a kind picture that is actually easily duplicated in every detail. The owner of some massively overpriced work of art didn't buy it for the picture, he bought it for the status of owning the "one"

People are now buying digital pictures or videos as "unique" artworks, when anyone can make an exact copy of it (and that they just duplicated to sell). However you get a listing anyone can see as it being unique and yours in this system and to some this is enough, you don't even own the copyright you just own this duplicate that you paid for.

"I own the NFT (unique, but not) version of Nyan cat!" <- this is what people are actually paying for, not the image but the public knowledge that you own this particular duplicate of this image listed as being unique (when it's not) that has billions of identical copies in circulation.

It's about status, just to say "I own this important thing" and everyone knowing it because of the database that says so. So you can pay millions for a Nyan cat gif or a small video clip of an NBA hoop or whatever. People are paying a lot of money for these things, and it's from people who have more money than they could ever spend and so it has no value to them.

I can go out today and buy an exact painted copy of the mona lisa for couple hundred / thousand bucks, it would be near impossible to tell the difference. However it's not about the picture, it's about owning "the publicly accepted one" and this is the same stupid mindset from people that desire more status in our stupid world.

I see NFTs as more of owning a "Certificate of Authenticity" if comparing it to real-world art.
Still kinda weird though. I do see a possible application of NFTs for unique licenses that are tied to your wallet for access into apps/games. Can't really duplicate that check unless you steal someone's secret phrase/words lol

It's. Just. Money. Laundering.

Not all of it, a friend sold a NFT for $13000 less than a month ago, and I'm positive they aren't laundering money for anyone. Some of it is speculative investment.

I mean, speculating that someone will pay more in an effort to launder their money....

Really just splitting hairs

I said for someone to do this the other day in that random thread. Look at my manifestation powers.

In all honesty, neat, I guess.

wait, you have friends?

Regarding the claim of money laundering - couldn’t we say that about physical art, too? The concept is the same. An NFT is just digital art, for the most part.

This might be the single dumbest statement about art I've read in my entire lifetime. Your lack of knowledge about classic art markets and trying to say its just the same as the NFT market shows a complete misunderstanding of fine art and economics.

It's the same, people buying things for status. It's about showing you have so much money you can waste it on something so overpriced it would make putin blush.

The only value the original has over a copy is the status you get from being moneybags, if you need an expert to tell you the difference between the original and a copy it's all nonsense.

However, you're entitled to your opinion.