AdministratorMarch 29, 2021 at 1:54 am
Following up from the ComicBookSchool.com Newsletter. What are your thoughts on NFTs and comic books?
Here are the articles referenced in the newsletter:
DC Comics Tells Artists to Stay Out of NFT Business or Else
Marvel Artists Add 25 NFTs to Portion.io Platform Fueling Mainstream NFT Adoption
AdministratorMarch 30, 2021 at 7:51 am
That DC story…. I have a lot of thoughts and conflicting emotions on that one. Intellectual Property is something I think about a lot and really is the driving factor in my approach to the art world in general.
As it relates to wanting compensation for someone’s IP, I side with DC making it clear that using their IP to profit via NFTs is a “no-go.” However…. I also take issue with bigger publishers who gain exclusive rights to any created character that a title’s associated Artists & Writers may create while working on a title. So, in the case of say an Artist who never gets an opportunity to profit for an original character they created while working for ACME publishing, being able to sell ‘fan art’ of their original character via NFTs seems apropos. But that is a very specific circumstance I’m speaking to, so I realize it’s unrealistic.
But if the Artists signed a contract…. they’ve gotta adhere to it. 🤷♂️
ModeratorMarch 30, 2021 at 8:19 pm
I agree with Mike, unless all parties involved signed a contract saying that they are not allowed to go NFTs I see nothing wrong with smaller artists and creators using NFTs to make money but then again, this is the first time I am really hearing about NFTs so I am not well versed in NFTs or virtual currency. I would love to learn more about NFTs and how they could either hurt or help the market. But that being said, I see a lot of contracts having a clause about the use of NFTs.
ModeratorMarch 31, 2021 at 5:40 am
I am doing my own research on NFTs and video games and how NFTs affect that market but now it’s giving me ideas on possibly making my own NFTs just to try them out for fun
ModeratorMarch 31, 2021 at 5:51 am
this is an article that I found about creating your own NFTs/NFCs and now I am looking at doing this for my own stuff but yeah it’s super interesting
MemberMarch 31, 2021 at 5:09 pm
I was thinking about this.
So, picture a situation where a comic artist sells some original page or cover art to a collector.
After that, the book becomes super famous and the value of that original art sky-rockets.
So, that artist could still, likely, make money from that image by signing prints, maybe getting a cut of re-prints, etc.
But, if that original piece is sold again, that artist gets nothing.
Or, if that original page is valued at 1 million dollars, and simply sits in a collector’s vault, it is adding net worth to that collector, but doing nothing for the artist or their family.
Ok, so this is just What if? thinking…
But there could be a way that NFTs could forever bind an artist and their images. Maybe?
MemberApril 7, 2021 at 7:47 am
Coming in blind here, but presumably, an artist could potentially re-issue an NFT whenever they need to raise some cash, almost like selling stock or reprinting an old run of prints?
Sure it might dilute the market, but depending on the fame of the artist and if they keep the supply low, you could possibly get some extra cash in selling NFTs of new pieces?
ModeratorApril 1, 2021 at 9:59 am
I somewhat still don’t understand fully the NFT market, but here’s an article I just saw yesterday about a tennis star selling part of her arm skin as an NFT. https://www.sportico.com/business/commerce/2021/croatian-tennis-player-sells-arm-nft-experiment-1234626090/
MemberApril 2, 2021 at 6:51 pm
I have yet to read any explanation of what VALUE NFTs may have.
Market value is set by t he interplay of supply and demand. NFTs have created an artificial SUPER LIMITED supply. There is only ONE of each token.
However… No one has demonstrated any DEMAND. I have yet to see a reason that anyone might WANT one… Other than the very vague “Someone else might want it eventually!”
More and more, the only real use I can see is as a vehicle to launder money in illegal transactions
“Guns? No, no, no, officer! I simply wired my friend three million dollars for a gif of a kitty!”
For exactly that reason, I think there will be massive regulatory hurdles for anyone actually trying to include these things in a legit portfolio.
ModeratorApril 2, 2021 at 6:56 pm
I mean so far the only supply and demand market that I’ve seen NFTs/NFCs work well/not well is the video game market specifically Nintendo’s use of Amiibos but other than that I haven’t seen NFTs/NFCs used in other markets as of yet so I am super interested to see how this will affect the comic book market and art market
AdministratorApril 5, 2021 at 7:30 am
This is an interesting perspective by Mike Deodato. He brings up some good points about the idea of original art:
ModeratorApril 6, 2021 at 10:41 am
So…is it true: Was it a bust?!
Has anyone seen other other articles confirming this?
ModeratorApril 8, 2021 at 12:42 am
This is a, its good till its bad or proven moment. It seems very unstable but so did bit coin at first.
AdministratorApril 9, 2021 at 6:59 am
Yes <a class=’bp-suggestions-mention’ href=’https://create.comicbookschool.com/members/jojabarker/’ rel=’nofollow’>@jojabarker I think a crash is inevitable for NFTs. There’s just way too much crap out there and the market is being flooded with crappy products. So, yeah, I believe it will crash for a while. The big test is if it will come back.
Here’s an update to the conversation about NFTs.
AWA Creators And Execs Support Mike Deodato On Comic Art NFT Rights
ModeratorApril 9, 2021 at 10:12 am
Thank you to both of you, @MisterAnderSiN and @buddyscalera! It’s all a reminder to keep reading as new info surfaces. I honestly hadn’t followed the life-cycle of bitcoin, but now you mention it I recall the big splash and then it was only when I noticed it was still in circulation that I had a moment where I thought it had died…basically, I’m even that much more grateful for these message boards! #StayInTheLoop #GoFarGoTogether
Log in to reply.