It’s another day in 2021, and so of course it’s another day when someone somewhere launches an NFT in the hope of making a lot of easy money. This week’s NFT launches were topped off by some big names – MIA, Tfue, Spike Jonze – and collectively asked the question, can you still, nearly a month after Beeple’s blockbuster NFT sale at Christie’s, make a stupid amount of money off these things in part? by being in the right place at the right time?
The answer usually seems to be yes. And several of this week’s NFT makers were clearly here for just that possibility. Not that this NFT thing has always been the exclusive domain of the visual arts – I’m presenting it to you these golden pringles can who raises his eyebrows at you as if to say so come and try me – but there is a clear sense of function (making money) over form (being a work of art) in some of these latest projects.
Since I can’t look away from the endless stream of NFT launches – good, bad, fascinating, and at first glance silly – I now present you with a list of my favorite / least favorite of the past seven days. I assure you, this list is by no means exhaustive; it’s just a collection of the NFTs I could remember by heart while writing this story. There are really too many.
6. Tfue’s NFTfue collection
Tfue, a popular esports player and Twitch streamer, launched an NFT series based on cartoonish versions of himself inserted into major video games. The videos look like they got mixed up quickly the Taiwanese studio that makes those uncomfortably unnecessary animated news clips. There is also a range of NFT bobbleheads, which at least come bundled with a physical bobblehead.
“This NFT is digitally signed by Tfue, the physical Bobblehead is unsigned,” the sales page warns.
The team Tfue partnered with expects the NFTs to sell for “somewhere between $ 300,000 and a million”, according to The Washington Post
5.100 thieves 100 thieves NFTs
The wildly vibrant esports group 100 Thieves, which counts Drake as co-owner, launched a series of NFTs with their logo imposed on a vibrant animation of a spinning metal galaxy. There are eight versions of the same animation with different color combinations used for each animation. It’s like buying a pin or sticker from your favorite sports team, except in this case: it will cost you 3 Ether, or about $ 6,250.
4. A bundle of films with Flying Lotus and Spike Jonze
I have no idea what you are really buying here when you buy the NFTs that come with this collection of short films. What does it mean to own a movie’s NFT, when that movie is presumably still being shown and sold by the actual owner of the movie?
Any of the short films in this collection (except one) is sold separately as an NFT, and then the anthology as a whole (plus that extra short) is also sold as an NFT. Buyers get the ever-ambiguous NFT, plus a Blu-ray of the movie and a display with a clip from the shorts. Whoever buys the anthology will receive a complete box set.
The only thing that I find convincing here is the pitch for the anthology: most of the proceeds are intended to be put back into films, so that the makers can make a second part of the anthology. I doubt NFTs are the future of movie financing, but they could complement a Kickstarter soon.
3. MIA’s old art NFT’s
MIA has set up a few NFTs foundation including some old works of art by her. Two of them are righteous short clips of herself from the late 90’s doing a weird dance / possible workout routine, and truthfully they are great. There are also some kaleidoscopic poison of a coin which was sold for 25 Ether, or about $ 52,000.
2. Another 200+ year old auction house is selling an NFT
Phillips, Christie’s slightly younger London neighbor, is getting into NFTs with the sale of called a work of art REPLICATOR
Basically the work is just a short video clip from a photocopier. But the twist is that over time, the NFT will produce additional NFTs, all of which will be owned by the purchaser of the original work. Those NFTs will, in turn, produce more NFTs, and some NFTs may “freeze”, stopping further replication, but producing a unique “jam artwork”. After seven generations, the works stop reproducing (so it doesn’t become a total ecological nightmare, just like the rest of the blockchain).
The NFT seems like a reseller’s dream as they will own a growing number of works that can be split and resold. And what are NFTs (all cryptocurrency, really) about if they don’t make a questionable investment and resell it years later for unexplained returns?
1. The Fyre Fest sandwich
At first glance, this looks like a gif on a gif: an NFT sale, from a tweet, from a photo, from Fyre Fest, will be auctioned with the goal of raising $ 80,000. But the salesperson, Trevor DeHaas, is using the sale to fund medical bills to pay for a kidney transplant – turning it into something of a GoFundMe in the latest bizarre horror story of the U.S. healthcare system, as my colleague Kim Lyons pointed out in a story speaking. with DeHaas.
Honestly, this is the ultimate NFT sale, and it earns a price tag of $ 69 million.