Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
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But it was nice while artists were able to sell to profit from rich people
God I am not going to miss every art community being flooded with low effort developer art that had no actual artistic merit.
I mean I do developer art, but I wouldn't try to sell it, let alone sell it as an investment. Fucking rofl
The major nft exchanges paid a portion of each sale to the artists, yes. It was one of the things that NFTs, and blockchain in general, was supposed to help solve for. IMO it’s a good use case for blockchain being used when paired with real world items.
The actual artist? The one that created the art? Not the one that stole the artist's work and turned it into an NFT for a quick buck from something they had no right to?
Yes. The actual artist.
That was one of the things that was working quite well during the NFT hype.
Yes, many artists made a lot of money on NFTs
If you are referring to scam artists, you are 100% right! Also, some actual artists might have got some money out of it, but I suspect the majority of dough that exchanged hands went to the former kind.
I'm sorry you dont have any technically inclined artists in your circle, but I first learned about NFTs from myartists friends.
Colored coins have been around for a very long time, and NFTs have been an income stream for artists long before the financial elite gave them a bad name.
History is important