What are they selling and how much does it cost

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Atamos
Posts: 38
Joined: 08 May 2021, 10:07

What are they selling and how much does it cost

Non-fungible tokens began to be actively used in 2017. Then the developers of the studio Larva Labs created pixel crypto-banks, which are now sold for tens of thousands, and sometimes millions of dollars.

NFTs are divided into several main categories:

Art: paintings, images, gifs, photographs;
Sports: cards, videos, auto parts;
Finance: options, insurance ;
Games: characters, maps;
Domain names;
Metaverse;
Real estate;
Words and tags;
Music;
Videos;
Memes.

NFT enables well-known and little-known artists, illustrators and developers to make money on their creativity, without participating in offline exhibitions and without resorting to auctions. Although well-known auction houses drew attention to digital art.

In February, Christie's auction house carried out the largest transaction for the sale of crypto art. A collage of five thousand works by artist Mike Winkelmann, known as Beeple, sold for a record $ 69 million for NFT (more than five billion rubles at the current exchange rate). The buyer will receive a digital file and "fuzzy rights", noted in The Verge. It is not clear whether the collage buyer will be able to completely control the images.

Not long before this, Chris Torrance, the creator of the popular Nyan Cat gif, had earned $ 590,000 (43.3 million rubles) for it. Russian artist Pokras Lampas sold a projection of a canvas at the Chirkeyskaya HPP for 28 thousand dollars (two million rubles).

Of course, not all NFT objects can be sold for thousands or millions of dollars - it all depends on the value and the rarity of the work, as well as the fame of the creators. For example, Beeple is one of the most sought-after digital artists, with 1.9 million followers on Instagram and over 186 million views of Torrance's GIF on YouTube.

Prices for NFT objects either fixed by the owner, or installed at the auction directly on the platform. Costs start from a couple of tens of dollars, but often valuable images from not the most popular authors sell for several thousand dollars.
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Torn
Posts: 17
Joined: 08 May 2021, 10:10

Re: What are they selling and how much does it cost

There is a nuance. In the modern art world, you don't pay for the content, but for the certificate of authenticity. There was a funny story with a painting by Rubens, which instantly lost dozens of times in value, when one of the experts established that the author was not Rubens, but one of his students. And a few years later, it also skyrocketed in price when another expert said "No! Rubens painted."

At the same time, the picture itself has not changed in any way. So the way the work is created is not that important. They pay not for this, but for the certificate of authorship. But with him you can even sell a void, which Yves Klein successfully did back in 1958.
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Rise
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Re: What are they selling and how much does it cost

Torn wrote: 25 May 2021, 03:59 So the way the work is created is not that important.
I mean, it doesn't matter if, in your example, they pay for Rubens, but they don't pay for the students. The certificate only confirms that yes, indeed Rubens, and not some kind of hooded copycat.
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Torn
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Re: What are they selling and how much does it cost

Rise wrote: 25 May 2021, 04:22 I mean, it doesn't matter if, in your example, they pay for Rubens, but they don't pay for the students. The certificate only confirms that yes, indeed Rubens, and not some kind of hooded copycat.
"The certificate only confirms that yes, indeed Rubens"

In my example, the Painting, the way of creation is painted with paints. When it was believed that it was Rubens's brush, it was valued, and when it was said that it was not his, then it depreciated. With the picture itself, nothing happened, it did not float and did not burn out because of this. The certificate just changed. The exact same thing happened in the opposite direction when it was again certified as Rubens' work. The picture, again, has not changed in any way, it has not overgrown with gold and has not pacified. This is still the same picture, but it has become much more expensive. So what do you think they pay for, a painting or a certificate?

Warhol did hundreds of his silk-screen prints, but he signed a few, and they are now worth millions. And it turns out that they pay only for the signature - the certificate.
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Rise
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Re: What are they selling and how much does it cost

Stop.please. Pay for authorship. The certificate is only a confirmation of authorship from an expert for those who do not own a personal spectrometer / x-ray. The content is really secondary. But no sane person will buy a reproduction of the price of the original. Imagine two pictures: one - "Beating the Babies" by Rubens, the other - "Beating the Babies" replica. None of them have any expertise and certificate, but you personally know how to identify a fake. Which one will you buy if for each the same price tag? UPD: even so: which one will you buy if a replica costs 1 ruble, and the original (without a certificate, but you could recognize) costs 1 million?
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Torn
Posts: 17
Joined: 08 May 2021, 10:10

Re: What are they selling and how much does it cost

Rise wrote: 25 May 2021, 04:25 Stop.please. Pay for authorship. The certificate is only a confirmation of authorship from an expert for those who do not own a personal spectrometer / x-ray. The content is really secondary. But no sane person will buy a reproduction of the price of the original. Imagine two pictures: one - "Beating the Babies" by Rubens, the other - "Beating the Babies" replica. None of them have any expertise and certificate, but you personally know how to identify a fake. Which one will you buy if for each the same price tag? UPD: even so: which one will you buy if a replica costs 1 ruble, and the original (without a certificate, but you could recognize) costs 1 million?
We need more input to answer your question.
We buy the original for a million so that it pleases only us or in the hope of proving its originality in the future and making money on it. The conditions of the problem are also a bit fantastical, let's take a more realistic approach to business. "There is no examination or certificate for any of them, but you personally know how to identify a fake."

Offtopic: For some reason, I remembered how Banksy was selling originals of his prints in Central Park for $ 60. For the whole day, we purchased only 7 pieces.
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