Some corporations have convinced you, that provided on Ethereum, NFTs are unique and secure and would solely belong to you if you chose to purchase them. Well… surprise: this is nothing but a carefully constructed hoax to make you feel “privileged” by owning a digital art piece. Your trust is being abused and you are being played without even realizing it. You see, because of your blind fascination with these Tokens, you have forgotten what makes up the true valuation of art. You deserve to know the truth and make a decision on your own. Your support of NFT makes modern-day digital artists believe that it is becoming the only way to be appreciated through their work, when in reality they are being blindly involved in a Ponzi scheme.
Artists whose work uses generative adversarial networks (GANs)— algorithms that pit computers against each other to produce original machine-made output approximating the human-made training data—have turned to crypto platforms not only to sell their work, but also to explore ways of critically and creatively engaging the blockchain.
Five NFTs of Andy Warhol’s work have just sold for an eye-watering $3.4 million at auction.
Bright, colourful digital-only art that is selling for millions – who wouldn’t be intrigued?
But my first experience of investing in this world was a nightmare – with far too much time, money and stress wasted on… well, not very much.
Because an NFT doesn’t have a physical representation like a painting, it exists only as a digital asset.
So all I was paying for was a record of ownership – basically, to have my number displayed on a website next to a cartoon cat.
Three years ago, two software developers created a quirky art project called CryptoPunks that posed a serious and provocative question: Could a few lines of code translate to a feeling of meaningful ownership? It was a crazy idea that would require, in their words, ‘a conceptual leap.’ Three years later, that project is rightly regarded as the beginning of today’s CryptoArt movement.
9 rare CryptoPunks from @LarvaLabs own collection to star in our 21st Century Evening Sale this May in NY.
All mint numbers under 1k and yes there is a rare Alien! Punks 2, 532, 58, 30, 635, 602, 768, 603, 757 #CryptoPunks