Where do celebrities even hear about “bored apes”? Who is recommending that they buy one? Is this really the best thing any of them can think to do with their money and fame?
> technically, what you're purchasing is a record on the blockchain that assigns your blockchain address exclusive ownership of that image
Wrong. What you're purchasing is a record on the blockchain that assigns your blockchain address exclusive ownership of *the minting queue spot*. And minting is just an identifier in the queue.
Like when you go to the bank and you get the ticket to wait, that says #12432 in the queue? Same thing except that you actually purchase your queue ticket. That's minting.
It just so happens that this minting queue spot is resellable and just *happens* to have a visual representation (what people confuse with the NFT itself), for example an ape, etc.
There is absolutely no ownership/intelectual property delegation when an NFT is purchased.
If you own an NFT, you own the NFT, and NOT its visual representation.
max, this is all about CAA, as you note. and it's also about their ability to create/own IP as agents, which historically they were not able to do. now...now they can. sort of. ish. (NB: i spent 25 years in hollywood, have friends at CAA and know whereof I speak)
Celebrities are increasingly active in venture, not just web3 investing. NFTs are part of this broader trend of VC engagement (I think).
Also, I’d add to your map that Paris Hilton is married to Carter Reum (of M13 VC), a LA based venture capitalist who is invested in River Financial and Lightng Labs, two blockchain/digital assets companies.
It’s not much different than Warren Buffett pictured with a can of Coca-Cola and claiming he drinks a one every day. The main difference here though is that Coca-Cola actually has to produce something tangible to sell. NFT is the epitome of maximizing profit efficiency. I mean, NFT infinity cheaper to produce than tulip.
"One of the funny things that the world of web3 seems intent on revealing is the extent to which the boundaries between concepts like "Ponzi scam," "pyramid scheme," "multi-level marketing," "conspiracy," and "just regular old financial capitalism working as intended" are not really as clear as we might like or hope."
LOL. What boundary? Who ever thought there was one?
Found anything related to record label Monstercat?
They've been pushing NFTs for quite a while now, before it became this huge thing, and keep doing so even when a major part of their community & artists are against it.
> technically, what you're purchasing is a record on the blockchain that assigns your blockchain address exclusive ownership of that image
Wrong. What you're purchasing is a record on the blockchain that assigns your blockchain address exclusive ownership of *the minting queue spot*. And minting is just an identifier in the queue.
Like when you go to the bank and you get the ticket to wait, that says #12432 in the queue? Same thing except that you actually purchase your queue ticket. That's minting.
It just so happens that this minting queue spot is resellable and just *happens* to have a visual representation (what people confuse with the NFT itself), for example an ape, etc.
There is absolutely no ownership/intelectual property delegation when an NFT is purchased.
If you own an NFT, you own the NFT, and NOT its visual representation.
max, this is all about CAA, as you note. and it's also about their ability to create/own IP as agents, which historically they were not able to do. now...now they can. sort of. ish. (NB: i spent 25 years in hollywood, have friends at CAA and know whereof I speak)
Celebrities are increasingly active in venture, not just web3 investing. NFTs are part of this broader trend of VC engagement (I think).
Also, I’d add to your map that Paris Hilton is married to Carter Reum (of M13 VC), a LA based venture capitalist who is invested in River Financial and Lightng Labs, two blockchain/digital assets companies.
Check out the historical NFT movement. Are comments still a thing?
It’s not much different than Warren Buffett pictured with a can of Coca-Cola and claiming he drinks a one every day. The main difference here though is that Coca-Cola actually has to produce something tangible to sell. NFT is the epitome of maximizing profit efficiency. I mean, NFT infinity cheaper to produce than tulip.
This is good stuff. Visit /r/CryptoReality for more
"One of the funny things that the world of web3 seems intent on revealing is the extent to which the boundaries between concepts like "Ponzi scam," "pyramid scheme," "multi-level marketing," "conspiracy," and "just regular old financial capitalism working as intended" are not really as clear as we might like or hope."
LOL. What boundary? Who ever thought there was one?
"technically, what you're purchasing is a record on the blockchain that assigns your blockchain address exclusive ownership of that image"
LOL. No, you don't have "exclusive ownership of that image". You "own" a number; that's all.
wow just found this gold from february. would love an update as Moonpay is involved and the relationships / purchases are even more convoluted.
Found anything related to record label Monstercat?
They've been pushing NFTs for quite a while now, before it became this huge thing, and keep doing so even when a major part of their community & artists are against it.
Stoner Cats has Kutcher and Kunis on their website. They’re not hiding anything from you, you just weren’t paying attention.
A real test: how do Arcade Fire fit into that web?