escape-to-art reblogged
Just painting the last moment of summer, really enjoyed this one!
escape-to-art reblogged
Fresh and Salty
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glitchy landscape
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The abyss and a friend :)
escape-to-art reblogged
playing with some pink acrylic paint + palette knife.
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Tart like Venom
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Cloaked in nature~
I might make a 5th one featuring space as a blanket, we’ll see!
escape-to-art reblogged
veiled in the wilds
flavourful illustration of Lotte with her cloak that lets her shapeshift into animals.
escape-to-art reblogged
escape-to-art reblogged
Guys,, can someone please explain the hype behind NFT, I think I’m gonna start crying. I know what they are technically, but I don’t get why it’s become such a thing. Why are random Twitter artists suddenly selling JPEGS for like $6000? Who is buying these!?
Does it translate into real money, because if you can earn that much just by uploading a PDF I feel like an idiot for not doing it. But the whole thing just seems like an outlandish scam to me. No such thing as free money and all. And the whole thing just gives me an upset stomach tbh
It’s like any pyramid scheme. Yes, you can get rich off of it, if you’re one of the lucky ones, or if you’re on the ground floor.
Part of it is that when they’re selling these things, they’re selling in cryptocurrency. They need to exchange the money for crypto, then spend it on your NFT. You need to create each of the NFT’s, then put up offers for each of them, then if you get a buyer you need to turn that crypo back into money.
You’re charged for every step of this process. Turning the money into crypto costs money. Turning the crypto back into money costs money. Creating each of these NFT’s costs money. Putting up each of the offers money. Accepting each of the offers costs money. So on and so forth. They bleed you for every step of the transaction.
Which means if you are one of the people who has some eccentric rich followers willing to spend $6000 on one of your NFT’s because they think the blockchain is the future or whatever, then you can make some quick cash while the trend is hot (I'm pretty sure it’s not hot anymore).
But if you’re somebody who’s selling your NFT’s for cheaper, you pretty quickly realize you’ve lost money on the whole venture. The money’s all gone into the pockets of the guys who control the crypto.
While it doesn’t technically match the traditional structure of a pyramid scheme, with each new participant handing money back to the person who recruited them, it is fundamentally a set up designed to make a few people rich, and a lot of people poor.
This was some really valuable info, thank you!
There's also the fact that like cryptocurrency in general NFTs are incredibly destructive to the environment. Using up incredible amounts of energy when made and sold, energy that is not green.
There is also the nature of ownership, buyers do not actually own the image when they buy it, they buy a link to it and a certificate saying they own it, the seller still can do whatever they like with the image, including getting getting rid of it. This isn't counting the fact that NFTs a incredibly easy to steal as well as the fact that many, many of the images you see are in fact stolen from artists who don't want their work turned NFTs, and there are no real regulations to stop. You know the mantra of ‘If it’s on the internet you lose ownership and I can take’ you see with people repost art, well turn that up to eleven with the people who sell stolen NFTs.
There's also the fact that popularity of NFTs coincides with the American government announcing it would be cracking down on money laundering via physical art sales. Can you wonder why an industry all about anonymous art sales with really extremely high prices would become suddenly so popular.
Cryptocurrency's themselves are a bad investment as their are no regulations surrounding them and their value can fluctuate wildly, more than any other commodity, not including the fact that some countries are looking to or already have banned them.
In short NFTs are an environmentally dangerous scam that you can only be successful in if you are already famous and successful, with its rise in popularity tied to how easy it is to launder money with it.
escape-to-art reblogged
Spotted family!
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the last unicorn lived in a lilac wood, and she lived all alone