NFT and the Future of Digital Content
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I think that two days seminar at DAZland titled "How to lose your professional credibility within 30 minutes" was a great success.
John Oliver (or his writing team) came up with that one, if I remember correctly. And he's not wrong.
My other favorite cryptocurrency definition comes from someone who apparently goes by the handle "white smoke gamer pope" and is:
imagine if keeping your car idling 24/7 produced solved Sudokus you could trade for heroin
well I saw someone posted on one of the daz facebook groups they found out someone was selling copies of their art as pngs claiming it as there art, actually someone asked to do that with some of my art changing it slightly and in return they may credit me after that I added the da water markto all my renders there as well as my sig being in mostly in areas hard to cut out or hide without wrecking the render
For me the easiest way to think of it is that they're not collecting the artwork, they're collecting unique transaction receipts. The artist agrees to associate their art with a specific number of unique transactions, and the buyer gets to say they purchased that verifiable personal connection to the artwork.
There is no value outside of this transaction apart from things like the buyer having their name associated with a famous piece forever, or being able to say they're the owner, kind of like a rich person donating tons of money to a university just to get their name on a building. That's why it's so unlikely that this will ever help small artists, because a unique transaction with nothing famous attached to it is just a number. It's also why the system depends on people hyping it up, because if no one knows or cares what an NFT is it's also just a number.
I've compared it to adoptables, where an artist creates a premade character design and then grants a single person permission to use it, sometimes in exchange for hundreds of dollars or more. But there are tangible benefits for the buyer in that case because they're essentially purchasing a license for personal use, and even the more expensive ones are pretty cheap for a unique design.
Maybe for some of the NFT collectors possessing that transaction has sentimental value, but it's worth noting that a lot of techie people who are into this stuff firmly believe we're on the cusp of a "metaverse" in which people will develop full digital identities and lives online and in virtual space. Should that future ever come to pass (narf) owning uniquely-mathed-upon virtual art gains social currency just because that's how people are.
I always sign my work, trying to put it in places where it can't be easily removed as well as making it discreet. Still... Perhaps it's time to pull everything and just give up on this
WOW, not only do we have daz making a truly near sighted money grab attempt by jumping on the NFT bandwagon, we have mods making snarky comments further muddying this how debacle. Way to go daz, way to prove you are completely out of touch with your customers.
The issue with NFT (and crypto) is not WHAT they do but HOW they do it. While having a noncentral registration is desirable for currency, the sheer amount of waste necessary for the algorithm is amoral at this point.
I am not sure that noncentral registration for art is a good thing, though. It enables too much fraud since there is no mechanism of unraveling or healing a crime.
Not touching this NFT bandwagon with a ten foot pole (or any other tall Eastern European). Collecting expensive receipts is an even worse hobby than collecting 3D content and not rendering it.
Yeah, I can't shop here anymore if they're going to do this. I'll hope it's a temporary gimmick but man, this sucks. I'm already exhausted with services I have to use on a professional basis Pivoting™ constantly.
Someone should make this an NFT.
also, did you disable comments on the blog?
There's a comment there, I think they're just moderating them and weeding out the rants. I DO NOT envy Richard today.
The problem isn't not understanding it, it comes when you do understand it and it still is stupid.
The underpinnings are that its based on trust, and it's apparent invulnerability, and if you think there aren't legions of people and organizations out there working out how to render that invulnerability null and void, you haven't paid attention to every other invulnerability claim throughout history, let alone the past couple of decades.
It not a sustainable concept, for many reasons, not the least of which is its environmental and infrastructure vulnerability, but also because once some bad, greedy actor majorly games the system the trust is broken and the bubble bursts.
But that's still a ways off... so I suppose, party while you can, but have the sense to read the room right and know when to show yourself out.
Each NFT is like a mini art auction. It's just that there are so many NFTs even now and there will be way more that it won't be unlike you buying a painting of some unknown local artist. If you're hoping to sell this painting later, its uniqueness won't do much if nobody knows this random painter. As an investment this would be a questionable endevaour based on hopes that anyone else will care about his art.
You could buy it just because you like it of course, but yeah this won't have the same appeal as a painting that you can hang on your wall. I mean, I guess there could be blockchain-veryified digital picture frames that let you show off all the NFT art you own, who knows? It's all a little weird to think about now. I don't think you can fault any company involved in digital art for trying to get a piece of the cake though. Why wouldn't they? As strange as it all seems now, it's the latest craze so better tip your toes in it and see where it goes.
Or imagine a world where we spend a lot of time in VR and in virtual homes of people. There you could see NFTs on the wall.
I have a limited time screen capture I am willing to auction, but I want DAZ gift cards
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No... thats not what this article is doing, Admin. This article and ones you've planned to come after it are capitalizing on a current trending topic in hopes of profiting off of an unethical and ecologically damaging practice.
This article has completely sidestepped any and all criticism of the subject here in your first introductory post. Even if it did mention how bad the entire system is for long term economic health, if you then went on to become an educator on the subject, you enable its use.
By being a purveyor of information on the subject, you become a supporter of a destructive system.
You made a choice to publish an article that makes NFTs fun and exciting instead of making an ethical decision to speak out against the practice. You can't just offset your NFT carbon, Admins. The entire cryptocurrency economy is about creating heat and energy waste to create profit with no other redeemable qualities of 'work'.
Please, take a stance AGAINST Crypto instead of supporting it. Buck the trend and don't chase that money. The internet doesn't need another person explaining NFTs and enabling their creation is use. The internet needs more companies with strong communities to speak out against the practice.
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I think the biggest middle finger of this whole announcement was changing the site navigation to prioritize NFTs over community content like the gallery. Kind of mindblowing
Paying crazy money for virtual stickers on virtual guns...
I posted a question to the blog to ask how DAZ can protect the works in the galleries from having NFTs sold for them by people who are not the artist. I don't expect to see it - or get a satisfactory answer.
Theroretically, one could hold said post hostage too...
Leave $25 in $5 Taco Bell gift cards in an unmarked briefcase under the overpass by the railroad tracks or I sell the post to highest bidder.
Actually... make that $30 in Taco Bell cards and one large bottle of Pepto Bismol.
If you can't get Taco Bell cards, a briefcase full of bacon will do.
I don't think there's anything anyone can do to stop someone creating an NFT - but that applies to all other abuses of copyright, I've seen people taking Daz promo images (and probably gallery iamges or images from social media) and selling it as cover art, for example. But as far as I read the license Daz doesn't have any title to resell gallery, or other, artwork so they are not going to take your work without permission and NFT it.
Nah this is just karma
It would be nice if Daz made that explicit.
But, as I understand NFTs, copyright is irrelevant to creating an NFT for a work and selling the NFT - since the buyer only acquires the NFT, and it is not the original work being sold.
To be honest, I'd be surprised if DAZ itself were to sell NFTs for works in the galleries, but any passerby could do so if they like the work or its commercial potential enough. And yeah, anyone can copy stuff in there now and flog it wherever they like too... but you could at least pursue them and maybe get the copyright violation taken down from one or two sites. With NFTs, as far as I can see, copyright to the original work doesn't give you any rights at all.
Looks like no comment is even posted other than that initial one. This means any constructive discussion is choked off right off the bat.
I don't envy Richard after Daz opened Pandoras box either
Correct. While it's possible to enforce legal ways to prevent organizations from breaching copyright, when something is sold as an NFT, there is no way to REVERSE said NFT. This means there is no way to stop an art NFT from being sold further.
I would read the galery TOS sentence
as: if we do not change anything, you have all the rights. If we do, then you are out. So, if my artwork is used for any "combined work" and that combined work is then NFTed, I am on the losing side.
That comment is mine, FWIW it took a day or so to get approved.
I really had some hope after that response that they'd be taking things slowly. More fool me, I guess.
Here's a fun idea: There is actually nothing to prevent people from assigning different NFTs to linked copies of the same art. You could possibly have a large number of NFTs for Nyan Cat because each NFT is unique, but the artwork can be anything or nothing.
So how does this effect people who just want to make renders for fun? Not at all, or somewhat?
A few users mentioned possibly having to pay royalties for using Daz products. Is this for real? Lol.