NFT is art or monkey busines?

[XXXHABIBANA]

I'm kinda new in cryptocurrency so please correct me if I say something inaccurate.
As we know NFT is really popular now days and some people support them and others against them. I'm watch these video and yeah i can't deny it, in opensea for example, i see some art thieves not only one or two but very often, and terrible art but gain more popularity and high value.
so what do you think about this video? and what do you think about NFT?

the video what i talking about: https://www.youtube.com/watch?v=wDtt24RxdLk

[1714159937]

1714159937

[1714159937]

1714159937

[1714159937]

1714159937

[DickCracker]

i see some art thieves not only one or two but very often, and terrible art but gain more popularity and high value.

isn't art is subjective? i mean maybe you see them terible or ugly but hey maybe someone else find them interesting just like that banana thing in museum.
And some artis already have name so they gain populaity a bit easy like yacth club, as i remember yatch club is developer a game name shovel knight in the pass.

so what do you think about this video? and what do you think about NFT?

the video what i talking about: https://www.youtube.com/watch?v=wDtt24RxdLk

interesting video, he's not wrong though

[bitkanu]

As we know NFT is really popular now days and some people support them and others against them. I'm watch these video and yeah i can't deny it, in opensea for example, i see some art thieves not only one or two but very often, and terrible art but gain more popularity and high value.

It caused by those thieves are getting motivated to earn money through various ways. I should remind you that if the art totally depends on someone's opinion and this is also subjective as sometime you can see art being used as money laundery on nft platform and various things. I do agree if that's horrible.

so what do you think about this video? and what do you think about NFT?

I can agree with that video. NFT is still new and it needs so many improvements especially to give unique code to proves if its real and it's not a copypasted art that already done by so many thieves in internet. Ths is the big question that must have solution about how to fix it. So many people are only copy and pasting the art that created by others. This is the problem and so many accusations for NFT being manipulated by so many parties.

[Fundamentals Of]

It is neither actually. NFT is just a technology provided by blockchain and smart contract. One of its uses right now is art. But if you are to ask me about NFT in the art world right now, whether it is really an enriching contribution to the rich history of art or it is simply a monkey business, I would say it is more a monkey business than art. NFT in art is just a hype. And all kinds of people, celebrities, opportunists, etc are just using this hype to make money. They're not even creating beauty.

[TastyChillySauce00]

it could be both because the famous NFT right now are also seems like a monkey business because they are just following the trends its sort of like a bubble if you observe it.
In the future the whole NFt market could be flooded by great arts from talented artists but right at this moment I think the market will just get spammed by some NFT makers that are just trying to make some easy money out of it.
and I did see that the theft in NFT market is also very rampant I think in the future there should be some kind of filtering that prevent the same arts being created as NFT over and over again because it could be very irritating, just imagine if the market is getting flooded by some fake arts 

[Erdogan]

It is neither actually. NFT is just a technology provided by blockchain and smart contract. One of its uses right now is art. But if you are to ask me about NFT in the art world right now, whether it is really an enriching contribution to the rich history of art or it is simply a monkey business, I would say it is more a monkey business than art. NFT in art is just a hype. And all kinds of people, celebrities, opportunists, etc are just using this hype to make money. They're not even creating beauty.

I am not an NFT expert and still not sure if I understand correctly how ownership is transferred and how NFT prices are estimated. However, I also have the impression that the popularity of NFT is just a hype that can pass at any time and if interest decreases, unfortunately NFT prices will also start to fall and many people may be left with nothing but just some worthless digital image.

[bittraffic]

I find the value to be too much for most of them which these NFTes are just too hype that we give away our Eth for the craps. I like to see them affected when bear market is here but they are not. The only affected are the NFT tokens. Its god for hedging but will there be someone buying the NFT art you keep in times when you want to sell them?  This I'm not sure. Maybe its really for monkeys  

[YinShuiSiYuan]

I find the value to be too much for most of them which these NFTes are just too hype that we give away our Eth for the craps. I like to see them affected when bear market is here but they are not. The only affected are the NFT tokens. Its god for hedging but will there be someone buying the NFT art you keep in times when you want to sell them?  This I'm not sure. Maybe its really for monkeys  

I think only a few people really know how NFTs work. They have invested a lot of money in it and they create a bubble. They tell people it's a great investment, but it's really just price-pumping. A similar situation was with tulips bubble, where one could cost as much as a few houses and then everything became worthless. I think the NFT bubble will burst soon.

[vv181]

in opensea for example, i see some art thieves not only one or two but very often

Such things are inevitable in such a so-called decentralized network. We will keep seeing how those kind of scam and theft are keep popping up just like how many scams/shitcoins are still flourishing to this day. The only way that Opensea is able to get over it is just simply delisting the NFT from their end.

~, and terrible art but gain more popularity and high value.

I can't say anything but it comes down to the buyer perspective, the owner might find the aesthetics of the art isn't subjectively relied only on how it looks, as the interview on the video has already been addressed. But some also can say that the art itself is an utter shits, that the value does not represent the aesthetics. It really comes to as subjectivity. As a matter of the famous saying, "In matters of taste, there can be no disputes".

[Fundamentals Of]

It is neither actually. NFT is just a technology provided by blockchain and smart contract. One of its uses right now is art. But if you are to ask me about NFT in the art world right now, whether it is really an enriching contribution to the rich history of art or it is simply a monkey business, I would say it is more a monkey business than art. NFT in art is just a hype. And all kinds of people, celebrities, opportunists, etc are just using this hype to make money. They're not even creating beauty.

I am not an NFT expert and still not sure if I understand correctly how ownership is transferred and how NFT prices are estimated. However, I also have the impression that the popularity of NFT is just a hype that can pass at any time and if interest decreases, unfortunately NFT prices will also start to fall and many people may be left with nothing but just some worthless digital image.

I am also not an expert in this field but with what's currently happening in the NFT art market, it seems obvious where all this would head to. A lot of NFT art pieces that are sold high are nothing but simple creations, no complications, not something that only "artists" can do. Another reason why this would likely fall is that the market is highly unregulated. Theft is rampant. A lot of artists' works are simply copied and sold in the NFT market.

[traderethereum]

It is art for them who called it is an art and that is not art for them who does not want to say that it is not art.
People will say what they want and while NFT is still booming among them, some people are trying to get involved and many of them have already sold their stuff at a high price.
We can not deny that they are lucky enough to see the chance at the right time.
NFT is another trend, as usual, that happens in the crypto world and NFT itself needs to develop more so it is just beginning and who knows, it will change in the future as the new trend will replace the NFT.

[dansus021]

in my opinion nft is new technology that need more improvement but you know art is confusing same as love hahahhah

i will take example that bored ape and other unique nft is art but i consider as play card that i play when i was kid to me art is like painting or statue but different people have different answer

why so hype its because there is crazy people that have dozen of money and buy some "art on the internet call NFT" for crazy amount of money so people dive in and so much people attracted nft maker get rich because of it

but not all nft is shit there is really an ART that worth to buy, right know people trade it some of unique NFT that available for some buck

[martina14]

The majority of the NFT games at the moment are monkey business to me, they're just few of them in which I could say it is legit.
And the NFT games so far where it is good to me still Axie Infinity, Cyberdragon, Mir4 and Bomb crypto. These are just my own assessment
and opinion only. But of course, you need to make a research in your own little way.

[DapanasFruit]

As of now, NFT is moving where people are buying and so far it does not matter if a piece can be ugly for you or not...as long as someone is buying it then it is fine. Obviously, NFT has become a vehicle of doing business which items we just taken for granted in the past just like an image of a rock which can cost millions in dollar. Now, of course, with the news of this and that NFT going millions, there are a sea of many other NFTs that got no real value - and maybe this is why an NFT platform is called as OpenSea.

[virasog]

I'm kinda new in cryptocurrency so please correct me if I say something inaccurate.
As we know NFT is really popular now days and some people support them and others against them. I'm watch these video and yeah i can't deny it, in opensea for example, i see some art thieves not only one or two but very often, and terrible art but gain more popularity and high value.
so what do you think about this video? and what do you think about NFT?

the video what i talking about: https://www.youtube.com/watch?v=wDtt24RxdLk

There are few different things to note here. The art is something which may be terrible from one person point of view but the for the other person there may be something interesting or valuable in it. Therefore, NFT arts have no fixed price. It's what the person is willing to buy and give his price.

Those who stole other people's arts or don't put any effort, their NFTs are not worth it but if they get them sold at good prices, you can call them lucky. Since it's the NFT hype season, some people just use this hype to gain easy money while real artists sometimes find it hard to sell their masterpieces.

[Coin_trader]

The majority of the NFT games at the moment are monkey business to me, they're just few of them in which I could say it is legit.

Agree on this. But most if this monkey business occur on NFT collection without any utility like Cyberpunk and other over priced NFT collection in the market which is the product of price manipulation and fake buys just to pump the price / hype the market. The increasing number of new scam NFT projects is the main reason why the image of NFT is already incorporated to monkey business. Scammers are using the hype of NFT to get free money from dumb investors.

[batang_bitcoin]

and what do you think about NFT?

Another wealth transfer and for some it's a way to launder money. Whatever is the description that you think in your minds, there's nothing to change for those sellers that are making a money from it. Actually, I envy those people that have been selling their arts through NFT and making a lot of money from it. It's all about sale, if these people are making money from selling ugly or beautiful arts, then so be it, there's something that they do to make it sold out.

[julerz12]

Is it art? Depends on who's viewing the NFT.
Even a simple black dot on the plain white sheet can be called an art especially when someone appreciates it.
Once you get past the enormous number of profile picture NFTs, there are far more beautifully created digital art that can be found on Opensea. From stunning photos to unique digital paintings.
You just need to dig up a little to find these beautiful arts since most are overshadowed by those randomly generated Profile Picture NFTs.
But, whenever an industry is booming, there are those who would do anything to get the most of it by doing something shady and that's where the monkey business comes in. NFTs that are just copied, stolen, and plagiarized; NFTs with zero utility.
Without a doubt, regardless of how anyone views it, NFTs are here to stay. Especially when a lot of money is circulating around it.

[jrrsparkles]

I'm kinda new in cryptocurrency so please correct me if I say something inaccurate.
As we know NFT is really popular now days and some people support them and others against them. I'm watch these video and yeah i can't deny it, in opensea for example, i see some art thieves not only one or two but very often, and terrible art but gain more popularity and high value.
so what do you think about this video? and what do you think about NFT?

the video what i talking about: https://www.youtube.com/watch?v=wDtt24RxdLk

An art may look different for each set of eyes so it really subjective but it is really worth for few hundred millions then I will say nope because there is no use case and we  can't find the actual value of the product and to me its just a gift embedded in a unique block address on a blockchain.

[Baofeng]

I'm kinda new in cryptocurrency so please correct me if I say something inaccurate.
As we know NFT is really popular now days and some people support them and others against them. I'm watch these video and yeah i can't deny it, in opensea for example, i see some art thieves not only one or two but very often, and terrible art but gain more popularity and high value.
so what do you think about this video? and what do you think about NFT?

the video what i talking about: https://www.youtube.com/watch?v=wDtt24RxdLk

I didn't watch the video. But obviously, it's two fold as you have said, it could bet trash, but hey if you can make money out of art then there is nothing wrong about it in my opinion.

So we can't really deny that NFT is the hype today and everyone is taking advantage of it. This is how crypto though, again, whether you like it or not. And just like any hype before, it will simply die down just saying that's why everyone is into it because it might not last that long so why not make use of it right now.