a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment by mk
mk  ·  24 days ago  ·  link  ·    ·  parent  ·  post: The billionaires are angry

    Imo, if more people can afford to be artists, that would improve culture the most.

I hope you are tracking NFTs, because it is going to make the arts a real profession for the masses. In fact, I expect that in 10 years, many billionaires will be artists. In 25 years, most will be.





spencerflem  ·  24 days ago  ·  link  ·  

I hope so, they'd be more fun at least. I really don't see how though, who has the money to drop millions into art except people who are currently billionaires?

NFTs don't seem to solve a problem other than a more efficient and creator-friendly way to let rich people speculate without the overhead of auction houses

(I really am earnestly trying to understand NFTs, I've read kleinbloo's very thoughtful comment earlier, and the take on how it avoids taxes makes sense but not why I as a normal person would want one)

mk  ·  24 days ago  ·  link  ·  

I am not talking about fine art, but the art that we all consume, literature, furniture, film, music, decorations, etc.

Currently the market for creators is abysmal, and rent-seekers typically capture >95% of profits. The disintermediation of the markets for creative goods is going to realize the value creatives bring to society. In addition, by increasing the sheer numbers of creators, there are going to be knock on effects.

spencerflem  ·  21 days ago  ·  link  ·  

Totally agreed that the artist market is terribly skewed against creators, and anything that improves that is great

I'm still not sure why I, as an fan, would want an NFT, though. What I'm excited about is the actual movie or book or furniture. And for artists, how is an NFT more helpful than supporting them directly on Patreon?