{"id":5528,"date":"2021-06-08T15:01:57","date_gmt":"2021-06-08T13:01:57","guid":{"rendered":"https:\/\/boonika.net\/?p=5528"},"modified":"2024-02-08T15:10:28","modified_gmt":"2024-02-08T15:10:28","slug":"the-nft-mind-trap","status":"publish","type":"post","link":"https:\/\/boonika.net\/the-nft-mind-trap\/","title":{"rendered":"The NFT Mind Trap"},"content":{"rendered":"\n
The article you’re about to read is based on my personal experience, and it shouldn’t discourage you in the attempt to try your luck with NFTs (non-fungible tokens). Do your research, write notes, and try to develop realistic expectations before you go all-in. NFTs are not only related to artworks. Almost any digital file can be transformed into NFT. Ask Google.<\/p>\n\n\n\n
No other three letters have ever hit the art scene as hard as NFT<\/strong> did. You’ve probably been living under a rock or deep inside of some MMORPG if you don’t know what I’m talking about. NFTs changed how we look at (digital) art and how we value artworks, forever. We shouldn’t try to describe them as good or bad, because they can be both. It’s really up to you how deep you want to get involved. If you decide to follow that route you will soon discover that requires a lot of work, like any other job.<\/p>\n\n\n\n The heading above is short for Massive Digital Art Free Money Hysteria. I really don’t know how else to call it. What’s worse, I’ve been actively involved in it, luckily, only for a few weeks (and yes, I’m still hoping). Many of us started acting like some sort of junkies who are desperately trying to break into the storage-house, where they keep our favorite drug – money. It was almost an ugly experience. I myself was nervously trying to find my way into some of the best-known NFTmarkets\/galleries. I was also feeling very disappointed for not getting an invite because I had A LOT of artists-friends who were “inside” at that point. I got the invite eventually and was offered an additional one. So, the experience was far from positive, and it ended up as a disappointment. I think that many artists felt the signs of depression.<\/p>\n\n\n\n All this has forced us to step back and analyze what we are doing, why are we doing it, and how to do it better. I’m talking about how to make a profit from doing art, more than how to do art (better). The fact that some artists made tens of thousands, hundreds, or even millions of $, is a good thing. The more such sales make the headlines, the better for anyone who is into making money from doing art. Some of my favorite artists out there did a really good job and have made records in sales. This confirms that the hard work could pay off sooner or later.<\/p>\n\n\n\n If you don’t already have an army of followers, you’ll probably feel a bit disappointed at first. It’s sad to watch some really bad art selling for top dollar, which is often the case. It’s doing big damage to many talented and hard-working artists out there. Of course, you can’t compare the value of different (types of) art(works) as easily as you would be able to compare the value of different brands of cars. <\/p>\n\n\n\nMDAFMH<\/h2>\n\n\n\n
Why is it still a good thing for art(ists)?<\/h2>\n\n\n\n
Selling NFT is hard<\/h2>\n\n\n\n