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Are NFTs evolving?, by We Have Your Prints on Feb 1, 2022 14:00:46 GMT 1, Hi
A customer shared this with me and I thought it an interesting concept.
Please note, I have no association with this organisation nor own any of their NFT particles
www.particlecollection.com/
It does look like they are genuinely trying to do something different with NFTs. After the initial flurry of get rich quick schemes and massive profits; I was waiting to see how NFTs could be used for other purposes.
Essentially, Particle buy a piece of art, it is digitised into a 100 x 100 grid making 10,000 particles - each becomes an NFT which can be purchased, sold, gifted traded etc.
Particle sell 90% of the NFTs, keep 9% for themselves and place 1% in trust to ensure that no one can own all of the particles and claim ownership of the art. The Art is kept in trust never to be sold
"The physical works of art will be placed in the Particle Foundation, a non-profit public trust and physical museum whose purpose is to maintain, preserve, and display the collection on behalf of the Particle community". There will also be a virtual museum of all of the art
I see the Particle Collection strategy as similar to sponsoring an exhibit at a museum - although you can trade your sponsorship certificate.
Is this a good thing - what are our thoughts?
Jay
Hi A customer shared this with me and I thought it an interesting concept. Please note, I have no association with this organisation nor own any of their NFT particles www.particlecollection.com/It does look like they are genuinely trying to do something different with NFTs. After the initial flurry of get rich quick schemes and massive profits; I was waiting to see how NFTs could be used for other purposes. Essentially, Particle buy a piece of art, it is digitised into a 100 x 100 grid making 10,000 particles - each becomes an NFT which can be purchased, sold, gifted traded etc. Particle sell 90% of the NFTs, keep 9% for themselves and place 1% in trust to ensure that no one can own all of the particles and claim ownership of the art. The Art is kept in trust never to be sold "The physical works of art will be placed in the Particle Foundation, a non-profit public trust and physical museum whose purpose is to maintain, preserve, and display the collection on behalf of the Particle community". There will also be a virtual museum of all of the art I see the Particle Collection strategy as similar to sponsoring an exhibit at a museum - although you can trade your sponsorship certificate. Is this a good thing - what are our thoughts? Jay |
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Are NFTs evolving?, by Carl Cashman Art on Feb 1, 2022 14:09:48 GMT 1, Shares in Art isn't new, it's certainly isnt the future though
Shares in Art isn't new, it's certainly isnt the future though
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iamzero
Full Member
Posts • 9,190
Likes • 8,542
May 2011
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Are NFTs evolving?, by iamzero on Feb 1, 2022 17:14:35 GMT 1, NFT’s already has a future for anyone paying attention to the crypto market… and it isn’t shitty jpegs of monkeys.
NFT’s already has a future for anyone paying attention to the crypto market… and it isn’t shitty jpegs of monkeys.
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artlike
New Member
Posts • 385
Likes • 185
November 2021
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Are NFTs evolving?, by artlike on Feb 1, 2022 21:33:11 GMT 1, NFT’s already has a future for anyone paying attention to the crypto market… and it isn’t shitty jpegs of monkeys.
Shitty prints of monkeys are OK though haha
NFT’s already has a future for anyone paying attention to the crypto market… and it isn’t shitty jpegs of monkeys. Shitty prints of monkeys are OK though haha |
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iamzero
Full Member
Posts • 9,190
Likes • 8,542
May 2011
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Are NFTs evolving?, by iamzero on Feb 1, 2022 21:54:20 GMT 1, NFT’s already have a future for anyone paying attention to the crypto market… and it isn’t shitty jpegs of monkeys.
NFT’s already have a future for anyone paying attention to the crypto market… and it isn’t shitty jpegs of monkeys. |
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timtim
New Member
Posts • 170
Likes • 142
August 2020
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Are NFTs evolving?, by timtim on Feb 2, 2022 2:07:31 GMT 1, The future of art expression through NFTs could certainly be this type of projects:
discord.gg/r84p9TRM
Fwen Club is promoting several artists and supporting their digital art development.
At the moment they are very successful in promoting the NFT project of Japanese artist Yusuke Hanai but some people think they could launch Kaws NFT at some point as well.
The future of art expression through NFTs could certainly be this type of projects: discord.gg/r84p9TRMFwen Club is promoting several artists and supporting their digital art development. At the moment they are very successful in promoting the NFT project of Japanese artist Yusuke Hanai but some people think they could launch Kaws NFT at some point as well. |
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Wearology
Junior Member
Staff at FatFreeArt
Posts • 3,567
Likes • 4,432
April 2008
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Are NFTs evolving?, by Wearology on Feb 2, 2022 2:58:48 GMT 1,
OpenSea Says 80% of NFTs Made With Its Free Tool Are ...https://gizmodo.com › nearly-all-nfts-created-with-open...
4 days ago — Nearly All NFTs Created With OpenSea's Free Minting Tool Are Fake, Plagiarized, or Spam. In spite of that, the company, one of the largest .
OpenSea Says 80% of NFTs Made With Its Free Tool Are ...https://gizmodo.com › nearly-all-nfts-created-with-open...
4 days ago — Nearly All NFTs Created With OpenSea's Free Minting Tool Are Fake, Plagiarized, or Spam. In spite of that, the company, one of the largest .
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timtim
New Member
Posts • 170
Likes • 142
August 2020
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Are NFTs evolving?, by timtim on Feb 3, 2022 1:46:38 GMT 1, I don't know if NFTs are evolving but for sure this discord server is very solid and may be the home for the upcoming Kaws NFT.
At the moment they are launching the NFT of Japanese artist Yuzuke Hanai:
discord.gg/pGcxmbc
I don't know if NFTs are evolving but for sure this discord server is very solid and may be the home for the upcoming Kaws NFT. At the moment they are launching the NFT of Japanese artist Yuzuke Hanai: discord.gg/pGcxmbc |
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iamzero
Full Member
Posts • 9,190
Likes • 8,542
May 2011
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Are NFTs evolving?, by iamzero on Feb 3, 2022 8:01:07 GMT 1, Wondering if Silky should create a place called the NFT Wankers Hangout now this place is no longer an Urban Art Association.
Wondering if Silky should create a place called the NFT Wankers Hangout now this place is no longer an Urban Art Association.
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vernaxley
New Member
Posts • 277
Likes • 138
September 2014
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Are NFTs evolving?, by vernaxley on Feb 4, 2022 12:11:21 GMT 1, I'm looking into producing an art NFT of an art NFT. Basically, NFT squared. In other words: more crypto than regular crypto.
The short term aim is to make myself some money on the primary market. The long term aim is to boost the income of the crypto platforms hosting the initial - plus any future - transactions of the NFT squared.
The price of will be reflected in the ease with which you can pay for it versus the difficulty with which you will be able enjoy it before you realise it has no long term - if indeed any - value other than to say that you own one.
I'm looking into producing an art NFT of an art NFT. Basically, NFT squared. In other words: more crypto than regular crypto.
The short term aim is to make myself some money on the primary market. The long term aim is to boost the income of the crypto platforms hosting the initial - plus any future - transactions of the NFT squared.
The price of will be reflected in the ease with which you can pay for it versus the difficulty with which you will be able enjoy it before you realise it has no long term - if indeed any - value other than to say that you own one.
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iamzero
Full Member
Posts • 9,190
Likes • 8,542
May 2011
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Are NFTs evolving?, by iamzero on Mar 19, 2022 12:52:14 GMT 1, Will it be a solid project with a good team doing great things… ?
Will it be a solid project with a good team doing great things… ?
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startimeash
Junior Member
Posts • 1,277
Likes • 1,731
March 2019
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Are NFTs evolving?, by startimeash on Mar 19, 2022 13:58:10 GMT 1, Beanie Babies
Beanie Babies
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almighty
New Member
Posts • 3
Likes • 1
July 2015
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Are NFTs evolving?, by almighty on Apr 3, 2022 16:30:12 GMT 1, I know I'm late to this conversation but I feel the need to chime in.
NFTs in today current usage is trash. With that said, there are several examples where they can be seen as part of the future.
The primary direction I see how NFTs will coincide with the traditional art world will be the replacement of a paper COA. I don't know about you all, but I've either lost or damaged 2 COAs so far. I I can see it being helpful to have a record of authenticated ownership live on the blockchain. I believe Damien Hirst is already doing this to an extent.
The second driver is definitely more of techno wizardry. NFTs are far more than stupid monkey pictures. They can be used to establish ownership, proof of attendance, authorization, verification, credentials, auditing ... honestly the list can go on for a long time.
I know I'm late to this conversation but I feel the need to chime in.
NFTs in today current usage is trash. With that said, there are several examples where they can be seen as part of the future.
The primary direction I see how NFTs will coincide with the traditional art world will be the replacement of a paper COA. I don't know about you all, but I've either lost or damaged 2 COAs so far. I I can see it being helpful to have a record of authenticated ownership live on the blockchain. I believe Damien Hirst is already doing this to an extent.
The second driver is definitely more of techno wizardry. NFTs are far more than stupid monkey pictures. They can be used to establish ownership, proof of attendance, authorization, verification, credentials, auditing ... honestly the list can go on for a long time.
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Jonas B
Junior Member
Posts • 1,447
Likes • 1,600
February 2021
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Are NFTs evolving?, by Jonas B on Apr 3, 2022 20:35:43 GMT 1, Hirsts Currency NFTs are stagnant and I can’t really see why this will change after the deadline. The physicals are stagnant too so maybe that’s the outcome of the Currenc project.
Hirsts Currency NFTs are stagnant and I can’t really see why this will change after the deadline. The physicals are stagnant too so maybe that’s the outcome of the Currenc project.
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Are NFTs evolving?, by Happy Shopper on Apr 3, 2022 20:49:02 GMT 1, Hirsts Currency NFTs are stagnant and I can’t really see why this will change after the deadline. The physicals are stagnant too so maybe that’s the outcome of the Currenc project.
I’ve not studied prices, but looks like Currency NFT prices are slowly rising.
Gone from £9-10k to around £12k.
The final burn may change things again, but we’ll have to see.
But as far as I can see NFTs are just about quick hype and fast profit, not long term investment… everyone just moves onto the next big thing every week or 2!
Hirsts Currency NFTs are stagnant and I can’t really see why this will change after the deadline. The physicals are stagnant too so maybe that’s the outcome of the Currenc project. I’ve not studied prices, but looks like Currency NFT prices are slowly rising. Gone from £9-10k to around £12k. The final burn may change things again, but we’ll have to see. But as far as I can see NFTs are just about quick hype and fast profit, not long term investment… everyone just moves onto the next big thing every week or 2! |
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