Non-fungible Token Primer 2021

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Non-fungible Token Primer 2021 ( non-fungible-token-primer-2021 )

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Ryan McGinness 30 Thoughts Non-fungible Token Primer on NFT Art found in the gap between the artists and collectors. Therefore, it is in the interest of brokers to widen and maintain that gap, often going so far as to manufacture ignorance about art with art-speak instead of providing plain-speak insights. In the NFT marketplace, those inefficiencies do not exist. This could have been a realm where the artist shaman could speak directly to peers while encouraging everyone to partici- pate. This was not supposed to be about organized religion. If only there could be a place where artists could be their own advocates, speaking with accountability and responsibility for their own work directly to the people interested in protecting that work. And, if only there could be a place where collectors could ask questions about the work directly to the artists. If only. 20) Why gatekeep the gatekeepers? But most people want organized religion. Artists and collectors alike crave validation. Artists rely on the brand association of the art stores, and collectors like luxury goods. Luxury means freedom from the pain caused by critical thinking—freedom from choice. This requires the appearance of curation. And, many artists benefit from having their work explained by third parties, for obvious reasons. Middlemen are inevitable as tourists need guides. These middlemen can serve to respectfully preserve and protect or exploit the natural resources. They can even destroy the natural environment and replace it with an all-inclusive simulation of what was once there. 21) Artist-designed Tokens The NFT is a medium that is not unique to works of art. Anything can adorn an NFT. After all, NFTs are simply investment products. And so, NFTs are akin to “artist-designed” products. The novelty will wear off, and the medium will be more properly relegated to the realm of the goofy products we artists sometimes like to make. ryanmcginness.com Page 7 of 17

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