4/ And speaking about #NFTs and #art, it’s worth highlighting that, in 2021, NFTs were a $40B market, while the global art market was worth $50B (and it took a long time to get there):
https://t.co/OrQU22TG7D

@simoncrosby Yes. Hypervisors were a huge market, too, once.

But it’s not the point I’m trying to make.

“sources close to the discussions told us earlier that Russian social media giant, VK, is a leading contender.”

Russian search giant Yandex tells investors it’s looking for a media exit https://t.co/FUbiWW0RaX

@benedictevans https://t.co/Arzf1P2waF

1/ Seth Godin on #NFTs for #art, again:
Inside the bubble https://t.co/QE3fPeLqI6

I think NFTs uncovered a much more complex dynamic than NFTs: what is art in 2022 and why do people produce art in 2022?

2/ If in 2022 people see “art” as a low-friction, democratic output (i.e., anybody can make it without huge capital investment) that can enable financial independence, then NFTs are just another tech reducing friction in the process, just like Instagram or Artsy.

3/ From this standpoint, are #NFTs a bubble or the next phase of an #art industrialization process that has started years ago?

You can argue that if it’s industrialized, it’s not #art, but that’s a different topic, irrespective of NFTs or any tech that will come next.

@_msw_ Just trying to push for more elaboration, given it’s a topic never discussed enough.

@_msw_ So a DAO won’t solve those fundamental problems if participants don’t educate themselves first in all the areas you have indicated?

@_msw_ Why?