This is based on a tweetstorm

Recently, @thisissethsblog posted about #NFTs, saying they are a "Dangerous Trap" His 4 arguments are reasonable-sounding surface concerns but they're all off the mark.

A point-by-point look at why we have to think more carefully about NFTs 👇

Argument #1: Art is silly too but it's ok for Real Art because we've done it that way for a long time.

This just doesn't make sense and seems backwardly purist.

Status conveyed by owning original editions of physical art doesn't just come from showing 3 ppl a week your wall, it's from making sure people know you own an original edition (art as flex, art as humble brag).

In the digital world there is tons of status to claim using mediums beyond that narrow view, which you see on Twitter everyday. So it's not just a different "wall" to hang, but a totally different environment for related status seeking.

Read More...

This post is based on a Tweetstorm

It's pretty clear that NFTs have broken into the mainstream and, predictably, are causing all sorts of consternation because they're still in the "we're trying shit" phase. But, whether an artist, developer, or other creator, don't write them off yet. Here's why.

First of all, the initial phase of any market is a combination of "toys that look like crap" h/t @cdixon) and "us attempting to copy our mental models from the old world into this one... very awkwardly." (remember early mobile apps?) Welcome to NFTs 2021.

The first cryptokitties in 2017 first broke digital scarcity into the semi-mainstream and they were nearly impossible to acquire for average people because you needed to buy tokens just to try. "Kitties" are just collectibles and collectables make no sense to most people, particularly in the digital world where we're used to infinite replication.

Read More...