haha, if they created a whole game based on there art/arcade style animations it would be $4.99 in the App Store on your phone. 1 Gif $5000. 

That is nothing more than spurious correlation and is better explained by the intergenerational attitude shift from Millenial to Generation Z, and the effects of helicopter parenting, the news, social media and smartphones.

Still just really don’t understand these at all. Most of them are pretty terrible but I actually think their Modern Loving one better than many I’ve seen.

*Edit - clicked a few for the audio...well...that adds nothing (good) at all.

Thoughts on the pieces in this auction from Koenig gallery?

I like this one from Emma Stone.

I like Faile, I like some NFTs, and I quite like some of these pieces. But I’m not buying at these greedy prices. These pieces will sell and crash, like so many other Nifty Gateway NFTs. People forget that there are 15% selling fees on NG, so people buying editions for $2k and selling them for $2.2k are losing over $100, and many releases resell for under the original sales price.

I agree completely, the prices are fcked. I bought a piece from the Burgerman release, not only does it come with a print but I thought he did a great job with it. But i bought that one on the secondary market before the deadline to get the print and paid about half off primary. 

$5k for the Faile is totally nuts and nearly all of the releases happening these days can be had for less than the release price the next day. 

They are interesting, but new turf. No one has form and no one can justify value. It’s an ideal chance to actually do a pictures on walls and offer things for £45 in runs of 600 with a bunch of upstarts. disappointed in the greed of the established and their recycled art efforts lazily punted at prices their prints may struggle to sell for.

So 600 then?

Did the Patricks just make $650k off these?

What do people actually do when the buy an NFT?

Do they get excited? Can they think about framing options? Where to hang it? That feeling when you get the tracking number? Standing at the window waiting for the DPD Van? The smell when you open the tube?

It's a bit meh, it's all a bit nothing, it's a completely soulless experience, essentially involving some small numbers on a screen.

I will NEVER buy an NFT.

This sums up my feelings perfectly - I like to think I am of at least average intelligence but this just loses me totally.

I did try too.

I read a book recently that was supposedly the "idiots" guide to blockchain and crypto currency - 60 pages in and I still don't get it.

It's back on the shelf and can be used in future to flatten out proper prints on real paper - I get those.

Most it is just boredom and gambling. Some will and have created online galleries in Decentraland and in other game universes. Will people visit these, probably for a while but longer term seems unlikely, maybe you can charge entry but again seems unlikely.

To be fair some of the work is actually pretty cool but no more so than a really nice CGI effect in a movie and most don’t rewatch movies every day because they are pretty and worryingly for NFT there is a lot less supply of pretty movies. Who knows maybe some really good ideas come out of NFTs but this doesn’t mean holders of the pictures and music don’t lose all their money.

The reality is pace of supply will keep on increasing and the previous drops will and are becoming illiquid and fall in price rapidly as everyday there will be a new hot thing. For the large crypto holders who pumped the market, their NFT holdings will be tiny relative to overall crypto and the benefit to further main stream crypto adoption vs writing off NFTs may make sense. You see all this on the Discord chat, they are just trading hype rooms.

New buyers and kids getting caught up will lose, some will lose big and we will see stories similar to the kids on Robinhood. Right now there is a bit of a wealth transfer to artists who have the social following to be in demand. Seems like a good thing to me while it lasts, you may label the artists sell out but hopefully gives them the opportunity to continue their work instead of some bro buying another Lambo. The majority of artists already can’t charge anything as no one has heard of them or cares.

niftygateway.com/marketplace?page=1&collection=0x5af389dc3218ddf4cfdd665c16f0d06084195180&type=3

Instantly just thrown back up into the marketplace too. That's all it is. Look at how many times she has already reduced the price.