Lake Martin Living Magazine January 2022

Page 50

NFTs

H

Culture Shock

ave you heard about NFTs? these profile pic collections and using People are spending millions on them as profile pictures. So you can think them. of NFT as another form of branding. I must cite Mitchell Clark’s People are building communities Aug. 18, 2021, article on The Verge as a around these themes, like Bored Yacht source of my own education. He broke Club. Has your brain imploded yet? Keep it down nicely with a bitcoin vs. trading clicking, the analogy here is a motorcycle card analogy. Non-fungible tokens one – HOG (Harley Owners Group). (NTFs) are something that is considered The concept of what is art is a rabbit unique and cannot be replaced with hole we could travel down for years. You something else. Bitcoin is fungible. If can splatter paint all you want, but there you trade bitcoin for bitcoin, you have was only one Jackson Pollock. There was the same thing. A one-of-a-kind trading Lacey Howell that $120,000 banana from Art Basel in card is non-fungible; if you trade it for a 2019 that was duct taped to a wall. I have different card, you have a different card. always felt that when you buy art, you are Like many, I have heard about NFTs for months, but investing in that person, the artist. I buy art from it took a really long car ride for me to dive deep. (I people I like. The art that grabs seven figures plus is always learn new things in the car.) really a reflection of how interesting, or how good Think of NFTs living in the same world as of a salesperson, that artist is. bitcoin. It is part of the Ethereum blockchain, like The internet is saying, however, that NFT does dogecoin and bitcoin. Digital art is not a new thing, give you ownership of the work. It cannot be copied. but now anything digital can be called a NFT and You can buy prints of Van Gogh in a bookshop, but have value. Remember the simple rudimentary there is only one original, and it is on the wall. drawings we drew in “Paint” in the ’90s on It is 2022 and while our world has changed computers? Those are jpegs that are NFTs and have rapidly over the past two years, I find hope in the value. A tweet can now be NFT or a video, and they, fact we all have the capacity to try to sell our tweets too, have value. on Facebook marketplace. You will ultimately need to Google NFT for a visual. Even writing this article has been a slow go ~ Lacey Howell is a recovering English major from because I keep clicking on art that has sold for Auburn who now lives on Lake Martin, sells real silly money. They really do like original Nintendo estate, rides horses and loves good wine. Follow her characters. I found one article that had three on Instagram @LaceyHowell and on her Facebook images of a monkey, and the one that has a sailor’s page. hat on is apparently owned by Jimmy Fallon. The series is called Bored Ape Yacht Club, and it is a 10,000-image collection. People are purchasing

50 Lake Martin Living


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