'Nyan Cat', an animated .gif that was uploaded to the internet on April 2, 2011, sold overnight in an auction on Foundation for over USD$500,000 (300.00 ETH).
NFT's are having a moment and for me it's both confusing and exciting. The more I learn, the more I'm like, "oh yeah, finally. This was a problem that needed to be solved that I didn't realised was a problem until someone solved it."
There is something weird about the idea of buying and owning...well...data. Would you pay half-a-mill for a .gif? That everyone can download for free? I mean, I guess the idea here is that you're not paying for the file. You're paying for the ownership of the NFT. Did I get it right?
Some people are calling this "the biggest unlock of artist opportunity in 100+ years" and maybe that's true. How long until Kaws drops an animated digital piece? Can I own a few minuets of a movie? What about photography?
I wondered today what Positive Posters would look like if it was created today with things like Foundation exisiting? Could the artists have had a way to auction off their posters to anyone around the world without ever having to ship it?
This feels new and good. Which is not something I find myself saying about online much nowadays.