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Buyers of Bored Ape NFTs sue after digital apes turn out to be bad investment (arstechnica.com)
submitted 3 years ago by to c/technology@lemmy.world
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[–] 26 points 3 years ago (2 children)

All of this NFT art is so ugly. If it was unique in a visually pleasing way—okay buy it. But to me, all of these images just look basically the same but with a new background or accessory.

Are there any actually good looking NFT series?

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  • [–] 33 points 3 years ago* (1 child)

    Every NFT I've seen looks like dogshit, and crypto enthusiasts get so angry when I point it out.

    I have some that I didn't pay for and they also look fkn stoopid. Like the artists are people who just discovered how to use Photoshop last week, but never learned how to draw

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  • [+] -12 points 3 years ago (1 child)

    NFTs were doomed anyway because AI art can do such a better job than artists and completely flooded the market.

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  • [–] 19 points 3 years ago (1 child)

    NFTs were doomed because of what they are.

    Getty, the giant corporate image copywriting company, is essentially selling images with the same intent that NFTs were created for. The only difference is that once the image is sold on Getty, it's actually sold. Finding another copy of the image is nearly impossible. The image then actually has value and most importantly, sole ownership.

    I tried to find a photo I saw in a TV show and found they bought it from Getty. That photo is gone from the internet. Aquiring it would mean contacting the TV studio with the cash ready to buy the rights and use of it. They bought it for maybe $30. Buying it from them would be an astronomical price and would take a lot of work. Buying to resell would be a gamble on the shows long-term popularity.

    So instead of buying an image outright, owning it forever, and having all control of it's use, you could buy an NFT that anyone can download, claim you own it yet never be able to access the original file, and you don't have any reasonable right to claim copyright. It's just nonsense pump and dump bullshit.

    Would I buy a pet rock? No, but that didn't stop people from buying pet rocks.

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  • [–] 0 points 3 years ago* (1 child)

    I did the nft thing. I'm in the black. I tell people not to get into nfts... And if you do only do it for the art, not to make money. There are plenty of dead or free NFTs out there that cost you nothing.

    There are some really cool small projects out there with really interesting art... However, the mainstream only sees these fugly PFPs and all of the genuinely interesting stuff is buried because crypto bros don't pump it.

    A project I find interesting is "Loot" - it has its own ecosphere - it's a just a series of inventory lists, but it serves as a background for other projects to build on. It's not that the art is good - it's literally white text on a black background - but the concept is interesting. Banners, Loot Explorers, Abstract loot are 3 projects I can think ff off hand

    And before anyone comes in and responds "well I could do that" - yeah you could, but you didn't, so yeah.

    NFTs as they were presented are bullshit. I think there are more problems than solutions, however, I have seen some of the coolest digital art in this space.

    If you want to chat more about the art side of things, hmu. I'm not interested in talking about eth or bitcoin or cryptocurrency - but I can help you find cool interesting projects that are working to try new things other than dumb looking monkeys.

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  • [–] 8 points 3 years ago (1 child)

    This reads like a sponsored post

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  • [–] 0 points 3 years ago

    Please do not buy any NFTs. I was providing examples of things I liked. I am fully aware of how gross crypto is. I don't do it anymore - I don't like that I left other people holding the bag and made money.

    If I knew what I know now, I wouldn't have done what I did. I bought hype, but I also sold it.

    I still thinkbthere is cool art in this space, but I don't think anyone should engage in it beyond free things.

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