6529

6529

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NFTs are the art world's internet moment* so all the complaining about disintermediation is to be expected * among other things

This is such an important thing to understand about ownership of digital art. An owner of a digital artwork is tending a public good, not locking it behind private gates.

This public condition reshapes the role of the collector and the viewer. Ownership does not confer exclusive access in the traditional sense; instead, it situates the collector within a shared field of visibility and responsibility.

There seem to be two separate discussions happening: unit of account at the cultural layer and mental accounting at the buyer layer I agree with 6529 on the core point: NFTs are crypto-native assets and marketplaces should denominate them in the underlying chain token But how buyers evaluate a purchase in ETH vs USD depends on long-term intent, ETH cost basis, trading success, risk tolerance etc. Ask two people whether they would rather buy a Punk for 30 ETH ($110k) or 35 ETH ($80k) and you might get two different, rational answers

My actual real position 1. Cultural asset / art NFTs should be priced in the underlying chain token. 2. Utility cheap practical NFTs can be USD / intents / easy to use 3. The name is NFT, not digital collectibles/art etc

One difference with fungibles is that they matured offchain in CEX NFTs are on chain mostly you interact with the base network token not with fiat. I think it makes a difference

some thoughts about opensea defaulting nfts to USD prices, from my point of view which is probably different compared to most collectors: when we started exploring ordinals 3 years ago, one of the things we loved about them is that they’d force people to use BTC to buy them. and x.com/hollanderadam/…

My actual real position 1. Cultural asset / art NFTs should be priced in the underlying chain token. 2. Utility cheap practical NFTs can be USD / intents / easy to use 3. The name is NFT, not digital collectibles/art etc

opensea changing the default display currency from Ξ to USD and making users manually switch back to Ξ is not a neutral UI tweak and is bad for the crypto-native ecosystem imo doing so re-centers NFTs as consumer goods, not on-chain assets. displaying prices in USD frames NFTs as retail products, speculative purchases and dollar-denominated bets instead of ETH-native assets, protocol-level ownership and composable digital property. crypto culture is ETH first for a reason. USD framing pulls the ecosystem backward toward web2 mental models.

some of you appear to have forgotten that 1 BTC = 1 BTC

BTC won by harassing everyone that BTC was better than the USD until everyone gave up and agreed, so Bitcoiners would finally shut up about it. it did not win by surrendering to BigUSD

Bank executives go to conferences and have beers Bitcoiners go to conferences and have beers You see, BTC and Fedwire are the same thing - people who use BTC and people who use Fedwire both enjoy beer

the important thing about NFTs is not that they are subsector of "digital art" or "contemporary art" the important thing about NFTs is that they are NFTs "digital art" is a perfectly fine subsector of traditional art. NFTs are a civilizational-scale idea

How central has crypto really been to your relationship with digital art? Not just as infrastructure, but as culture, values, and community If digital art had evolved entirely outside of crypto, would you still feel the same pull? Would you collect it? Would you show up for it?

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