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Champakian

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"Artist Krista Kim sold a digital house for the equivalent of $500,000, The Sun reports. The house was created as an 'NFT' or 'non-fungible token.' These new digital objects are similar to cryptocurrencies such as Bitcoin in that they rely on complex blockchains and don’t physically exist."

...

"The house was reportedly paid for using another form of cryptocurrency, Ether."

https://www.foxbusiness.com/lifestyle/nft-mars-house-sells-500000-cannot-live-in-it
 
"The New York Post reports that a Brooklyn-based film director named Alex Ramírez-Mallis is both mocking and attempting to profit from the recent cryptocurrency craze for non-fungible tokens (NFTs) by selling a year’s worth of fart audio clips recorded in quarantine.

"Ramírez-Mallis told the Post: 'If people are selling digital art and GIFs, why not sell farts?' His NFT, titled 'One Calendar Year of Recorded Farts,' began development in March 2020 when he and his four friends began sharing recordings of their farts to a group chat on WhatsApp."

Source == Breitbart as originally reported in the NY Post
 
Trading paperclip up to a house, pet rock, etc.

People coping/not coping with change.
 
The concept of "value" is (largely) left to the marketplace, so what something is "worth" is up to the buyer and seller.

The valuation of intangible goods (and/or the intangible aspects of tangible goods) is part of what creates the opportunity for profit.

From the Honus Wagner rookie card to Jack Dorsey's first Tweet, buying and selling is the foundation of free enterprise.
 
rockcasbah said:
The concept of "value" is (largely) left to the marketplace, so what something is "worth" is up to the buyer and seller.

The valuation of intangible goods (and/or the intangible aspects of tangible goods) is part of what creates the opportunity for profit.

From the Honus Wagner rookie card to Jack Dorsey's first Tweet, buying and selling is the foundation of free enterprise.
Click to expand...


“There's a sucker born every minute.”

― P.T. Barnum

9. “Buying imaginary virtual property is God’s way of saying you’re making too much money.” – (paraphrase) Robin Williams



Comshaw
 
You have never heard of the artist known as the “Unnamed Artist” before, but by the end of the week (perhaps by the end of this article), he could end up being one of the most famous artists alive today. His work may end up selling for more than a Manet, a de Kooning, or a Picasso. “I have no idea what’s going on,” the Unnamed Artist told me in a phone interview hours before his first NFT was about to go live at auction. “But in this particular realm, no one has any idea what’s going on.” If, when you see the Unnamed Artist for the first time, he looks familiar to you, and even looks a little like John Cleese, the actor from Fawlty Towers, Monty Python, and A Fish Called Wanda, then you probably have no idea what’s going on, either. That’s because, on Friday, Cleese—also known, as of Friday, as the “Unnamed Artist”—is going to be selling an illustration of the Brooklyn Bridge he did on his iPad as an NFT. The “buy it now” price for this digital work is being set at $69,346,250.50.

The crazy thing is, he actually might get it.

...

The rapper Ja Rule recently launched an NFT platform on which he’s selling a painting from the disastrous Fyre Festival with a starting bid of $600,000. Collectible NBA trading cards called “Top Shots,” which are essentially digital trading cards of basketball players, are selling (and people are buying them) for as much as $240,000 ($208,000 is the highest price sold so far). And Beeple, a 39-year-old man from Charleston, South Carolina, whom you had never heard of until three weeks ago but who is now all anyone can talk about, a guy who makes dark and atramentous memeified “works of art,” including pieces featuring a naked Elon Musk riding a Dogecoin dog and an image of a postcoital Santa Claus after—one assumes?—he’s just cheated on Mrs. Claus, managed to sell a random pixelated artwork to another cryptocurrency investor at auction this month for $69,346,250—exactly 50 cents less than John Cleese, I mean the Unnamed Artist, hopes to sell the Brooklyn Bridge for.
Click to expand...

https://www.vanityfair.com/news/2021/03/nfts-are-driving-stunts-and-diving-into-the-culture-wars
 
"The Dutch Tulip Bulb Market Bubble was one of the most famous asset bubbles and crashes of all time.

At the height of the bubble, tulips sold for approximately 10,000 guilders, equal to the value of a mansion on the Amsterdam Grand Canal."
 
Your checks for free

:D

I'm going to get an elephant to do some digital art
so I can sell it and cash in as his agent.
 
"A hand-painted 'self-portrait' by the world-famous humanoid robot, Sophia, has sold at auction for over $688,000.

"The work, which saw Sophia "interpret" a depiction of her own face, was offered as a non-fungible token, or NFT, an encrypted digital signature that has revolutionized the art market in recent months."

https://tse1.explicit.bing.net/th?id=OIP.0vziE_Bvv0D_ZnlC47CaywHaHa&pid=ImgDet&w=148&h=148&c=7

https://www.cnn.com/style/article/nft-art-sophia-robot-self-portrait-scn/index.html
 
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