Bridget Carey goes on a quest to learn more about the trend of NFT art by visiting conventions and galleries. It was not what she expected.
Thanks to everyone who took time to talk with me and share their projects to help me better understand this complicated new tech frontier. If you’d like to learn more about the exhibits and projects shown, check out the links below:
To learn about art on display at Samsung store: artrepublicglobal.com
Large NFT sculptures created by:
NFT busts and chess sets created by:
Play the Nifty League video game:
See NFT displayed @Ease 605 3rd Avenue:
More on Kenneth Alexander’s work:
Explore Fvckrender’s Lvcidia:
Chapters:
00:00 Intro
1:22 Simple NFT explaination
1:48 NFT questions and skepticism
2:11 Inside NFT art gallery inside Samsung’s NYC store
3:13 Artist Ben Heim talks about his work
3:46 ArtRepublic CEO and NFT curator Jessica Santiago
4:14 Visiting the NFT.NYC convention
4:45 Nifty League NFT video game
5:42 Are NFTs about more than making money?
6:03 Artist Kenneth Alexander explains how NFTs help digital art
7:16 Inside the Web3 Gallery retail store with CEO Nick Rotola
8:30 Making a bet on the next big thing
9:00 Artist Fvckrender gives NFT advice at his Lvcidia art show
10:39 Buying NFTs without crypto on Nifty Gateway
11:08 My final thoughts on the future of NFT art
Subscribe to CNET:
Never miss a deal again! See CNET’s browser extension 👉
Follow us on TikTok:
Follow us on Instagram:
Follow us on Twitter:
Like us on Facebook:
Bridget Carey
August 18, 2022 at 5:33 pm
Lots of passion in the comments so let me just clarify that I’m not pro or against buying NFTs. I have had lots of questions, as millions of people do, and I wanted to dive into the world to get an up-close look to see what people do with NFTs and how it’s shaping the future of art — and I learned a lot. I bought what is essentially a “print” as a memento to better understand it. But if you spend your own money to invest, this is very much gambling.
John DeGrey
August 18, 2022 at 8:20 pm
I’m all for exploring new things, but the rhetoric of this video feels very much like an ad for what many consider a scam.
Colors 66
August 18, 2022 at 10:25 pm
It looks like you will have to take down this video and apologize!
Ivanoski
August 19, 2022 at 12:58 am
@Edward Lara that’s called gambling,as she Said
Bridget Carey
August 19, 2022 at 5:21 am
@Hadeks Marow Thanks for the comment, honestly.
Hadeks Marow
August 19, 2022 at 6:11 am
@Bridget Carey I’m just doing my part ma’am, same as every other angry voice on the internet. Only difference is the way we communicate it. That being said, if anything I said held value, then I’m happy I could share it with you.
Kenneth Alexander
August 18, 2022 at 7:46 pm
Thank you so much for interview! The art market is expanding and we are in the new precursor period for it. I am honored to show and talk about my art with you all.
Dataiconroy
August 18, 2022 at 8:01 pm
Nft’s are an absolute joke like the people that push them
Joe Baron
August 18, 2022 at 8:33 pm
NFT – Non Fungible Token: The Early 21st Century’s re-telling of The Emperor’s New Clothes.
Jizzle Cizzle
August 18, 2022 at 8:35 pm
As pointed out, an NFT is just a voucher pointing to a title of ownership.
Ergo, NFT art(ist) is not a pertinent denomination. It’s digital art(ist).
4:01 The explanation by the curator is horrible, in no way clear nor illuminating for anyone not accustomed to the tech.
The reason simply selling a digital copy is, it is at best difficult at worst impossible to duplicate – especially at scale – physical production like painting and sculptures.
Whereas copies are easy to make for digital oeuvres, to the point an oeuvre can be infinitely duplicated and is actually automatic when accessing any reproduction for commercial – e.g.: marketplace – or promotional purposes – e.g.: articles – hence the introduction of DRMs with the advent of digital records of music and piracy was booming.
Though they cannot prevent reproduction, NFTs a tools to introduce proof of authenticity and rarity in the digital world, in a digital form.
Which is valuable for digital artists.
Raphael Oves-Reiner
August 18, 2022 at 8:36 pm
I didn’t realize NFT did so much, I see why now ppl make money off it, but I can see it does have an interesting future, certainly NFTs need to make the whole idea easier for individuals like myself with no real pros of it all. Thx Bridget and the cnet crew.
rgbii
August 18, 2022 at 9:27 pm
If there is 251 of them, why is it still considered non fungible?
Bridget Carey
August 19, 2022 at 5:10 am
My take — and please chime in if I’m wrong — is that people can resell it for different amounts like eBay. But this still feels a bit wonky of an answer. The value is still… funging? Day to day I see others accepting different bids and listing it, some not selling.
Mohmaed Ait taleb
August 18, 2022 at 9:33 pm
@youness kasmi IS the legend of projet NFT ✅
Techno Panda
August 18, 2022 at 9:34 pm
So, basically it’s a scam!
Notorious Nostalgia
August 18, 2022 at 10:24 pm
No.
Brian Chaytor
August 18, 2022 at 10:45 pm
Excellent Video and great to learn more about NFT!
Thank you for you kindness!
Gigi Galaxy
August 18, 2022 at 11:43 pm
NFT “art” is not stored on any blockchain, you are paying for a link to the location of where the image is stored.
RMFX
August 19, 2022 at 12:51 am
“NFT crash course”…ah, that would be the stock market chart.
Bridget Carey
August 19, 2022 at 5:06 am
Now that’s funny.
RMFX
August 19, 2022 at 12:56 am
What gets me is most of this stuff would’ve been given away as free wallpaper a couple of years ago.
Jorge Lugo
August 19, 2022 at 12:23 pm
You can still download all these for free and use them as wallpapers. They say “only buy it if you love the art”, but what they deliberately omit is that if all you care about is loving the art, then “technically owning it” is meaningless.
I love hundreds of artists’ work. I consume it every day, in a number of ways. Not once have I felt the desire to “own” an arbitrary token of their work. If you wanna support an artist, just donate to them, commission an original piece, Patreon, the ways are endless.
Ivanoski
August 19, 2022 at 12:57 am
you do know you can right click any nft and save it ? also ,you don’t own anything, just a url to the art ,not the art itself, also “days to appear in my account”? that’s thanks to the inefficiency of Blockchain, quite honestly it can all be done without Blockchain, nft is just a fad and there are better ways to support digital artists
M Pi
August 19, 2022 at 1:29 am
I have zero interest in NFTs – they’re ridiculous – but when I get a notification on a new Bridget video it gets watched from start to finish.
A Bachelor's Life
August 19, 2022 at 3:31 am
I’m confused. Can more than one person by the same piece of NFT art?
Bridget Carey
August 19, 2022 at 5:04 am
That artist made a limited amount of copies for people buying one at his show, like when an artist makes a select number of prints. I own like no. 5 of 251, and there’s what’s essentially some code to verify that my account owns it. But a lot of these collection-based ones (bored apes) are unique images.
A Bachelor's Life
August 19, 2022 at 4:59 pm
@Bridget Carey Sounds like what you’re saying is the artist has to make more than one copy because only one person can buy each one?
Jorge Lugo
August 19, 2022 at 3:38 am
“I can easily see how NFTs can become part of our everyday lives in a few years”
How? Art as a financialized asset (which is what every single NFT proponent wants you to believe they are, the “community” stuff is thinly veiled shilling and nobody needs to pay for “technical ownership” of a piece of art they only deeply love) is not something anyone but the ultra wealthy are concerned with in everyday life. Ownership of intangible concepts is not something almost any typical person actually needs to confront on any regular basis. Nor should they, we should care more about sharing and experiencing art than owning it.
NFTs are a step toward the financialization of literally everything – from our art, to eventually mere concepts and words. Stop trying to paint everything in a neutral light. Everything good about NFTs is only good insofar as it supports even more spurious, speculative, and destructive forms of capitalism. More tenuous and hype-fueled avenues for monetization is not a solution to the problems of artists, just like Fivver and Upwork were not the miraculous savior for creators they thought it would be.
username1445
August 19, 2022 at 4:46 am
NFTs are just a fckin scam, quit hocking this bullsh1t
surfmotor
August 19, 2022 at 5:11 am
Congrats you’ve been scammed
AkaPeegly
August 19, 2022 at 6:53 am
lots of ppl going to look like clowns in a few years trying to justify how they spent thousands in worthless images lmaoo, only reason nft heads get mad at ppl saying they dont have value is cuz they are scared of losing their money lmaoo
Tim Girvin
August 19, 2022 at 7:25 am
Love your personality & enthusiasm…very informative. I will assuredly say I would NEVER waste my money on this NFT nonsense…suckers everywhere
Jaylen
August 19, 2022 at 7:37 am
So basically it’s people hyping jpegs and gifs that you need to pay thousands for. Definitely a scam, just like crypto, metaverse and blockchains
Tech&Science
August 19, 2022 at 3:27 pm
NFT idea is that in future people will use VR or AR glasses, but it could end up like 3D tv, except 3D tv existed in that time when peope thougt it could become standard (like 10 years ago) and AR even doesn’t exist and metaverse too, but you should buy nft for something that doesn’t exist and think vr and ar will become popular. This NFT art doesn’t have any value, but I can agree that people buys many stupid things, but I don’t think it will become popular / everyone to use it
Ringman
August 19, 2022 at 8:49 pm
No thanks NFTs are ridiculous, they are just like any other short lived get rich quick scam.
Probably only a matter of time before the NFT hype dies harsh death and all those NFTs will be worth nothing
Divakar Hosamani
August 20, 2022 at 7:07 am
Is it raining. The roads have become like river. You can play with paper boat here. From farm they pass to road.
Divakar Hosamani
August 20, 2022 at 7:12 am
Google don’t have live map. They’re very far behind.
Divakar Hosamani
August 20, 2022 at 7:14 am
You look like that spiderman actress. Kristen dunst. You know how to make spider web. Me Too Don’t know.
Divakar Hosamani
August 20, 2022 at 7:17 am
One uncle tried to shoot with a gun. Are they real like in zombieland movie. That ghostbuster clip. I hate sundays.
Manisha Verma
August 20, 2022 at 10:23 am
The NFT craze has made prices for some collectibles extremely expensive, and they may not hold their value in the long term.
sanjuansteve
August 21, 2022 at 2:26 am
Capitalism is a virus on Earth!