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The rise and fall of the NFT

From RichA@21:1/5 to All on Sat Oct 1 09:42:42 2022

https://petapixel.com/2022/09/30/nft-trading-volume-has-fallen-97-since-the-beginning-of-the-year/

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

From sobriquet@21:1/5 to RichA on Sat Oct 1 19:38:17 2022

On Saturday, October 1, 2022 at 6:42:46 PM UTC+2, RichA wrote:

https://petapixel.com/2022/09/30/nft-trading-volume-has-fallen-97-since-the-beginning-of-the-year/

NFT purports to solve the 'problem' of digital art not being
scarce, like all other digital information, but that's a feature, not a bug.

The real problem is coming up with a reasonable system to incentivize creators to
contribute to the wealth of shared human culture, but this 'problem' will soon be
irrelevant once AI surpasses humans in all mental faculties.

https://www.youtube.com/watch?v=0zQyCihHjQU

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

From Whisky-dave@21:1/5 to sobriquet on Mon Oct 3 05:43:34 2022

On Sunday, 2 October 2022 at 03:38:20 UTC+1, sobriquet wrote:

On Saturday, October 1, 2022 at 6:42:46 PM UTC+2, RichA wrote:

https://petapixel.com/2022/09/30/nft-trading-volume-has-fallen-97-since-the-beginning-of-the-year/

NFT purports to solve the 'problem' of digital art not being
scarce, like all other digital information, but that's a feature, not a bug.

The real problem is coming up with a reasonable system to incentivize creators to
contribute to the wealth of shared human culture, but this 'problem' will soon be
irrelevant once AI surpasses humans in all mental faculties.

https://www.youtube.com/watch?v=0zQyCihHjQU

That is, if it ever happens.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

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