Cameron Winklevoss, Crypto Investor and Advocate You probably know that “Army Hummer played between the two in that Facebook movie,” believing that NFTs are going to change the industry forever. Winklevoss tweeted on Sunday, “NFTs release industry.” “Traditional enduring art is limited to time and space. You have to be in the right city, go to a museum, invited to someone’s house, etc.
To back it up a bit, Non-Fungal Tokens (NFT) is the latest crypto fad, so people use blockchain to claim digital ownership, no matter what they think is good. It started with digital art and really made headlines when the artist was a part of “Beeple” sold for 69 million. If you asking yourself “Well, what’s the point?” Then you are right. Let us be very clear. You can download, download, print, and frame any NFT artwork you want to see free – the real “ownership” that people are buying is for a URL only and each party to it depends on hosting the image online.
It is foolish to claim ownership of a JPG that someone else can copy and paste. This is the future of the industry. However, here we are, in the strong report of the infamous rich man Cameron Winklevoss’s that NFTs will somehow “liberate the industry”. This thinking is as irrational as it is tedious. If digitization is the idea of liberating art from museums and private galleries, well, Google Images is OK, Cameron! However, that is definitely not the issue here – the problem is you cannot invest and make money when you look for a famous work of art and save it as your wallpaper. In addition, indeed, if NFT advocates simply acknowledge that this is what happened, the whole practice would be so less stimulating for everyone involved.
According to Christie, the work titled “The First 5000 Days” was “the first perfect digital work ever acquired for free at auction.” “First 5000 days” is a non-fungus token or NFT for short. This means it a unique, authentic digital asset that is stored in a blockchain, a kind of sector that powers cryptocurrencies like Bitcoin using unique identification codes and metadata.