Someone stole my NFTs today on @niftygateway and purchased $10K++ worth of today's drop without my knowledge. NFTs were then transferred to another account.I encourage EVERYONE to please check their accounts ASAP.Could use everyone's help here - please RT!Full 🧵👇🏽— Michael J. Miraflor (@michaelmiraflor) March 14, 2021
I understand the perspective that artists working in digital mediums deserve the fruits of their labor and completely free availability of their work can end up with them not getting anything.
But NFTs are a blatantly cynical scam trying to bolt the worst aspects of the physical art world onto digital art in a plot to extract artificial speculative value for a secondhand market of wealthy investors. The real problem with artists not getting paid is that the commodification of art has created a cutthroat, unsustainable environment and rendered the art itself worthless, the only value left is in speculation. The real problem is capitalism.
I understand the perspective that artists working in digital mediums deserve the fruits of their labor and completely free availability of their work can end up with them not getting anything.
But NFTs are a blatantly cynical scam trying to bolt the worst aspects of the physical art world onto digital art in a plot to extract artificial speculative value for a secondhand market of wealthy investors. The real problem with artists not getting paid is that the commodification of art has created a cutthroat, unsustainable environment and rendered the art itself worthless, the only value left is in speculation. The real problem is capitalism.