Tech Brew Ride Home (Bonus) Are NFT's Bad For Artists? And An Interesting Raise Sampler
Mar 20, 2021
In this engaging discussion, Ti Zhang, a software engineer and art enthusiast, sheds light on the struggles artists face in the NFT landscape. Zhang reveals how many artists are seeing their work stolen and are compelled to remove their digital art to protect it. The conversation touches on the barriers mid-range artists encounter, including financial and technical hurdles, as well as the ethical implications of digital ownership. Afterwards, they explore some intriguing recent funding raises in the tech space, highlighting new innovations and market trends.
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Artist Concerns about NFTs
- Many artists fear NFTs due to potential exploitation and art theft.
- This concern stems from the ease of scraping digital art and minting it as NFTs without the artist's permission.
Artists Taking Down Work
- Some artists are deleting online portfolios to prevent art theft.
- They are forced to choose between participating in NFTs, risking theft, or limiting their online presence.
NFTs Reinforcing Existing Structures
- NFTs, despite aiming for decentralization and individual freedom, seem to benefit already established artists more.
- This reinforces existing power structures instead of disrupting them.