Boomers and naft

I’m like a boomer. I have been involved in technology for many years e I don’t even own an NFT. My son looks at me puzzled: he is 12 years old and he has many people. He didn’t buy it, he made it: he went to a site that helps you create cryptocurrency, make a fun picture, and make it unique by registering it on the blockchain and putting it up for sale on OpenSea. I asked him “Why on OpenSea?”. He told me “because he didn’t ask me for commissions,” adding that he turned down several offers on Ethereum, a cryptocurrency, because I obviously don’t allow him to transact online.

I said, I’m really a baby boomer. However, I’ve been following NFT and studying it as a phenomenon for some time: I was also shocked by the sudden explosion in the market, a rush similar to the curves of the coronavirus waves. accelerated. Looking at the charts while we were locked in the house for lockdown, we all suddenly had this weird fever. What was “Patient Zero”?. In this case, tracking the start is easy. It was February 2021, a year ago, and not a famous auction house offered a painting or a sculpture for sale, but Digital file of an artist called Beeple. Now, the property of digital is that it can be reproduced perfectly with just a few clicks: copy and paste, more or less, done. You make two clicks and from this file there are infinite mirrors whose value is zero. This phenomenon was investigated many years before there was a German sociologist on the Internet, Walter Benjamin, in the article A work of art in the era of reproduction. The media was taking its first steps (in the 1930s) and Benjamin noticed that when you copy it, the artwork loses something: it loses its aura. With digital this note has become a prophecy. Until last March, when the digital file offered by Christie’s was auctioned $69 million. How was this possible? Thanks to the transformation of this file that everyone can copy into something unique, non-fungible code. In fact, NFT is a certified copy. and therefore valuable. Intuition not from today, but in May 2014: the word Nft did not exist yet and an artist from New York, Kevin McCoy, decided to record on the blockchain (there are many) the work he created, Quantum, the hypnotic video of a fluorescent octagon that transforms with circles, arcs and shapes other engineering. He’ll later say that he didn’t do it by accident, but because he was looking for a way to make that file unique and so it could be sold, traced, and replaced. Something that someone could one day claim ownership of. to put it with Brian Eno, one of the few artists to have survived so far For the temptation to make a non-fungible code: “With NFT even artists can become petty capitalist assholes.” An authoritative but largely minority opinion, which should be added.

Let’s go back to McCoy, who first did NFT. He was ahead of his time, but then his time came: Last summer, when NFTs became a $40 billion market ( 2021 deal value), his violin was sold at a Sotheby’s auction. Sold for $1.4 million, by a man calling himself Sillytuna, Tuna Dumb, who during the same auction sold the NFT of his crypto pool for $11.8 million. Do you understand numbers?

This thing meanwhile with similar mechanisms left the art world to him Get into fashion, music, cars and sports: Have you noticed the advertisement in our football stadiums? Almost all of them are startups promising fans to sell them new experiences in the form of NFT. While in the United States for some time, the NBA created a special site to sell clips of the best plays in the form of NFT.

Obviously this thing goes In the direction of what Mark Zuckerberg aptly called the metaverse, a new way to experience the Internet, Web3, which all Silicon Valley investors refer to: a virtual place to pay with cryptocurrency and finally offer NFT, whether it’s paintings, clothes or cars. Will it end like this? Will we end up like this? I don’t know, but I know it’s hard to resist. me for example In March I will try to win my first NFT: the novel Twentieth century Alessandro Barrico read it. I’m like a boomer.

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