Unchained NFCastle 2021: Art Controversy – NFTS: Nothing F**king There? - Ep.288
Nov 9, 2021
In this engaging discussion, Maria Paula Fernandez, co-founder of JPG and NFT expert, shares insights on the valuation of NFTs in the art world. Kavita Gupta, early NFT investor, tackles insider trading issues, questioning if regulation is needed. Oliver Halsman Rosenberg, an artist, explores the intersection of technology and art, while NFT collector Gmoney compares Ethereum to other platforms, remarking on the pitfalls of scams. Together, they unravel the complexities of ownership, provenance, and the environmental impact of NFTs.
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NFT Value
- NFT value is subjective and determined by the market, like any other commodity.
- ETH Rocks' value might not decrease for a while, despite being simple clip art.
NFTs as Communication
- NFTs act as a new form of communication in a decentralized age, like art throughout history.
- They reinforce the blockchain concept through repetition and transactions.
Polygon NFTs and Status
- Collectors dismissed Oliver Halsman Rosenberg's Polygon NFTs due to low minting fees.
- This suggests NFTs are status symbols due to Ethereum's high gas fees.