Jason Posted November 17, 2021 Share Posted November 17, 2021 Miramax sues Quentin Tarantino over 'Pulp Fiction' NFTs WWW.LATIMES.COM NFTs, or non-fungible tokens, have become a popular way for artists to monetize and promote their work. Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted November 17, 2021 Share Posted November 17, 2021 I'm still tryin g to figure out what NFT's are. 1 1 Quote Link to comment Share on other sites More sharing options...
Fizzzzle Posted November 17, 2021 Share Posted November 17, 2021 9 minutes ago, skillzdadirecta said: I'm still tryin g to figure out what NFT's are. I think I understand them, I just don't understand the people trying to spin them as "investments." Like your NFT gains value over time for... why, exactly? Like, I understand why my game collection is selling for as much as it is. I'm selling things that literally no one will ever make again. You can obviously just download a copy of a retro game for an emulator if simply playing the game is your only goal, but the amount of physical copies of the game are already in existence; there will be no more. An NFT is an easily copy-able piece of digital "property," which by definition has no inherent value beyond sentiment. I could copy and sell the property as many times as I like without changing the properties of the... property. I can't do that with a physical copy of a game, book, painting, or whatever, and that is what gives it value. They have a fixed existence. Quote Link to comment Share on other sites More sharing options...
thewhyteboar Posted November 17, 2021 Share Posted November 17, 2021 30 minutes ago, skillzdadirecta said: I'm still tryin g to figure out what NFT's are. Electronic pogs for Elon Musk fanboys. 3 1 Quote Link to comment Share on other sites More sharing options...
Anathema- Posted November 17, 2021 Share Posted November 17, 2021 5 hours ago, skillzdadirecta said: I'm still tryin g to figure out what NFT's are. It's a link with an associated unique identifier (the "token") that in some sense can be "owned." The current scam is selling them as links to pictures similar to any old collectible card from back in the day (anything from cabbage patch to beanie babies to pokemon cards), but predicating the idea that the NFT makes that image completely unusable by anyone else. Then they sell that fake exclusivity. Of course anyone with a rudimentary knowledge of how the web operates knows that the idea of a picture you can show and nobody else can save is fundamentally preposterous, but that's why it's a scam. Still though the people who get scammed keep lining up to get scammed over and over again, it gives me real pause as to the direction of my career. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted November 17, 2021 Share Posted November 17, 2021 Someone should sue over this 1 Quote Link to comment Share on other sites More sharing options...
CayceG Posted November 17, 2021 Share Posted November 17, 2021 8 hours ago, skillzdadirecta said: I'm still tryin g to figure out what NFT's are. Naked Feet (and) Toes Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted November 17, 2021 Share Posted November 17, 2021 Nice Feeling Tits Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted November 18, 2021 Share Posted November 18, 2021 Quentin Tarantino’s Lawyer Rips “Ham-Fisted” Miramax For NFT ‘Pulp Fiction’ Suit – Update DEADLINE.COM The Oscar winner's plans to jump into the lucrative digital art market may have just hit a rather big legal pothole from an old pal Quote Link to comment Share on other sites More sharing options...
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