Inside you there are two illustrators...
Btw, underneath that wig is an 50 year old anatomical model of the inside of a human head, built by my dad in high school
It was a speculative market, like Sotheby's, except no one there actually liked art. /End
Everyone was asking, who bought it? Well, it turned out to be a conglomerate of buyers who were planning to immediately resell it for profit. And that's when I learned everything I needed to know about NFTs:
The conference's final event was a big art auction. I sat in the back making friends with the waitstaff serving hors d'oeuvres, and watched as a drawing of a cat sold for $140,000 USD. Apparently it was a CryptoKitty, drawings which had already become coveted like trading cards in the crypto world.
I never sold a single NFT. But I was given a free invitation to attend a big crypto conference. How could I say no?
And even then, what do you do with the art once you buy it? This website was partnering with a company that made physical digital picture frames that could display your purchased NFTs in your home. Again, I thought it was a neat idea, though an expensive one.
This is before the term "NFT" was even being used. My fanbase was...not interested. A buyer had to pay in cryptocurrency. And even when they introduced paying in US dollars, the buyer still needed enough familiarity with the blockchain to have a wallet.
He asked me for the "blockchain rights" to my work, and I said sure, why not. He minted the tokens for me at no cost, helped me figure out pricing, and featured my work on his website when it launched.
It made sense to me at first. I've always been a digital artist, not a printmaker. Introducing artificial scarcity to digital work so that I could sell a limited run of digital "prints" sounded like a neat idea.