Ethereum has a lot of use cases, but overpriced art seems the most popular.
Why would I invest in a fraction of a piece of art? It just seems stupid since I wouldn’t have the painting in my house.
NFTs are already dubious, but to try and convince people to own a fraction of a work of art is just ludicrous.
The value of art is subjective, and the high values of both art and jewelry help the ultra wealthy transfer their wealth across borders without needing to pay.
Traveling with more than $10,000 in cash requires a declaration. Otherwise the TSA may seize your money. This isn’t as big an issue today, but in the days before debit cards, cash ruled everything around me.
As the market matured, art became valued by a number of factors. Of course, liquidating art is harder than it looks, because the pool of potential customers is small. Attempting to liquidate your art is how you truly find the value, much like with comic books, baseball cards, or old video games.
Of course, some works of art are completely priceless, like this restoration of Jesus Christ called Ecce Homo.
I would easily pay to put this hilariously bad painting in my house.
Minted my first NFT collection today…
It’s just two pieces: my animated cat and dog avatars, along with a copy of my book: The Clubhouse Diaries.
The Clubhouse Diaries is ghostwriter Brian Penny’s first-hand account of navigating the Clubhouse Drop-In Audio app from February through August of 2021. During this timeframe, he acted as a beat reporter for the platform and reviewed shows, interviewing participants, and involving company leadership.
As the CEO announces a Creator First pilot season and opens the app to Android users and the public, a dark underbelly of hate rallies forms. Nothing is as it seems, and stories run abound of people losing money, dignity, and even their lives to the platform.
By the end, Penny determines Clubhouse is a cult run by Alpha Exploration CEO Paul Davison. The business model is unproven, and the company is selling a path it can’t provide. It fumbled its NFL partnership and wasted a ton of money hiring talent to turn “rooms” into entertainment.