28 Comments

Make the first webworm post an NFT and sell it please, David. For science.

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Mar 6, 2021Liked by David Farrier

Until we have global electricity generation that is carbon zero NFT, and any crypto that requires mining, will continue to have huge carbon footprints. Would be keen to see an interview with an expert on the environmental impacts. Bitcoin produces more carbon than NZs whole footprint, what will the impact be of more currencies be?

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Mar 6, 2021Liked by David Farrier

It’s very confusing but the most confusing part of this for me is that it’s Kings Of Leon doing this. You’d think it would be Trent Reznor leaving cryptic clues about it in venue bathroom or something.

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Mar 6, 2021Liked by David Farrier

“Any digital file you have on your grubby little hard drive can be tokenised.” This is both terrifying and extremely interesting at the same time!

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That art work is trippy cool! But my slow brain just cannot wrap itself around the whole cryotcurrency bitcoin thing..... 😕

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Mar 6, 2021Liked by David Farrier

I did not understand a word of this interview.

Had a friend who owned a really cool bar. When the bar closed for good a few years back, friend went into the crypto world. Incidentally, I have not seen or heard from him since that last night at the bar.

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Mar 6, 2021Liked by David Farrier

Jack Dorsey and his horrible beard 🤣. That was incredibly helpful and I understand it so much more. I was aware of this kind of art sale because cool3Dworld has been selling stuff for ETH on super rare. (I discovered Cool3Dworld on the same day as you, thanks to Trent Reznor liking one of your tweets about a C3DW wedding. It was all so bizarre I had to find out what the hell was going on in that image. Sometimes TR really delivers. 😆) Anyway, I had no idea what C3DW was doing, I got to ETH being crypto and then shrugged. Now I know! It is fantastic if artists can make some decent money while they are still alive for a change.

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Mar 7, 2021Liked by David Farrier

Wow, Richard's art is seriously cool. Since I'm a bit of a video game geek, I love all the floating consoles. Good on him for making good profit on his art.

I am equally surprised that Kings of Leon have a new album out... And thank you David, what did "Your sex is on fire" even mean? I still don't get it 13 years later.

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Mar 6, 2021Liked by David Farrier

NFTs are an interesting technology, but the current hype is 100% due to them being associated with cryptocurrencies.

Richard pointed out that the buyer was trusting him not to sell more NFTs of his artwork, reducing its scarcity and value, but Richard is also placing an enormous amount of trust in the buyer, as there is nothing stopping him from distributing copies of his artwork. These copies need not be NFTs either.

Notice that this makes NFTs practically useless in this case. Richard could just as easily have made his artwork, and sold a single copy along with a certificate of some kind verifying its authenticity. No need for blockchain at any point. Both parties are placing the same trust in each other as before.

Don't get me wrong, I'm totally behind Richard exploiting the hype to make way more for his art. But the increased value has nothing to do with a perceived increase in scarcity and everything to do with a fixation on everything 'crypto'.

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Mar 6, 2021Liked by David Farrier

I need art for my walls. Richards work is seriously cool when it moves so I’m super happy for him but how can I enjoy his stuff given I don’t have $8k or any idea how to get an NFT? I’m thinking 3D light boxes as a cheaper option. No more Redbubble $20 prints for Rich!

My boy Leo says it takes huge amounts of electricity to mine Bitcoin. The world is crazy.

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Mar 6, 2021Liked by David Farrier

I am so pleased to have NFTs explained in a way I actually understand 🤣 I suppose in a digital era, it makes sense for files starting to be worth something like artwork in galleries is traded. The furthest I’d ever considered it before would be the worth of master files for albums and movies (like when someone famous loses a laptop etc.) Richard’s artwork is so beautiful, so it’s fab to see he can branch out intonation new way of selling it.

I still don’t quite get cryptocurrency. One of my best friends is a lawyer who specialises in dividing cryptocurrency as part of divorces. People though that was crazy at first, but her services are incredibly in demand now, and she gives talks to better explain cryptocurrency as an actual asset that’s treated just as real world money in the event of a break-up.

I’m not sure I’ll ever see dogecoin as anything but a meme. But maybe one day I’ll work it out!

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I'm not sure if I just can't understand crypto or can't be bothered investing sufficient effort to understand it. Either way, because of the later, I don't.

Love the art, amazed to learn it's NOT a digital render.

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1. I am not smart enough for any of this.

2. I am uncomfortable with how much Jack Dorsey looks like James K Baxter. Though I reckon James K probably would have worn a nose ring if the offer was put to him.

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I would really like to also speak with the people buying these items. I have a lot of questions for anyone who wants to own the first tweet.

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Thank you for writing an article about this! This subject has confounded me since I first heard about “rare Pepes” in the Feels Good Man doc - because of your recommendation! I think I can understand the concept as it relates to a digital image. But the first tweet thing is still confusing to me!

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