1/ Well, someone *may* have stole a cryptopunk ape today.
But in the next few days or weeks, we will discover the REAL market value of a high-end punk
I'm as bullish on NFTs as ANYONE.
But at the same time...
2/ I do feel some collectors are delusional as to what their NFTs are worth.
At the end of the day, an NFT is only valued in 3 ways:
1. Value to you 2. Utility 3. What someone else is willing to pay
3/ If # 1 is strong for you, #'s 2 & 3 don't matter.
But I feel people are using their own strong feelings about personal value and utility... to be unrealistic about what someone else might pay for that same value and utility.
Once in a great while, the sky parts & an opportunity appears, to acquire a historic relic from the early days of NFT
Presenting "AI Imagined Portrait #2" by @VanArman
SuperRare token #115, & 1st place winner in the 2018 Robot Art Contest
Here is the story of it's acquisition👇
Pinder Van Arman has spent the last 15 years teaching machines how to paint.
In his words:
"When I began with my first machines fifteen years ago, they were only capable of simple tasks, like connecting dots and painting by numbers..."
"... My most recent robots, however, use deep learning neural networks, artificial intelligence, feedback loops and computational creativity to make a surprising amount of independent aesthetic decisions. "
None of them know we did this, and none of them have seen their portraits yet! 😂
Each work will be a 1/3.
1 edition will be dropped to the collector it honors, the next 2 available for purchase.
Sketcha has worked hard on these, and they are incredible. He will be donating 10% of sale proceeds to kidsandart.org, to help kids with cancer thru art.