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“Should art be regulated by the SEC?” NFT artists file lawsuit
(arstechnica.com)
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this post was submitted on 27 Aug 2024
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No worse than any other form of modern "art"
Except that the whole reason these "artists" made the "art" to begin with was to make an end-run around regulations.
These people were not driven to art because they liked making art. They liked that they could make a profit from art like the paper handed bitches they are.
That also applies to a lot of meatspace modern art.
Yep, and that needs better regulation as well. Most of the "high-art" of the world is stupid shit literally used for money laundering, and NFTs just want a piece of that money-laundering pie.
Doesn't make either of them ethical things.
As someone else pointed out here in this thread, you can support an artist with a direct donation or by buying the art with cash. I personally feel like buying it through an NFT is an outright admission that you only buy art to make money off of it.