Wed. Sep 28th, 2022

The art world is full of fakes, frauds, and forgeries. But the crypto art world is even worse. Here’s why:

1. There’s no way to tell if a piece of crypto art is genuine.

2. The prices of crypto art are completely arbitrary.

3. The art is often ugly and derivative.

4. There’s no way to know if a piece of crypto art will be worth anything in the future.

5. The crypto art world is full of scammers and con artists.

6. The art is often created by bots or algorithms, and it shows.

7. The whole thing is just a big money grab, and it’s not sustainable.

Other related questions:

Q: What is an NFT why are they bad?

A: NFTs are “non-fungible tokens.” They are digital assets that are not interchangeable with other assets of the same type. For example, two bitcoins are interchangeable with each other, but a bitcoin is not interchangeable with an Ethereum token.

NFTs have been criticized for a number of reasons. Some people argue that they are a waste of resources, since they require a lot of energy to create and maintain. Others argue that they are susceptible to fraud and manipulation, since they are not regulated by any central authority.

Q: Why are people against NFTs?

A: NFTs have been criticized for a variety of reasons, including:

– their environmental impact (due to the energy required to mint them);

– the possibility that they could be used to launder money or fund illegal activities;

– their lack of fungibility (i.e. each NFT is unique and cannot be replaced by another);

– the fact that they are often stored on centralized platforms, which could be subject to censorship or other forms of control;

– the speculative nature of the market for NFTs, which has led to some people buying them simply as an investment, rather than for their inherent value.

Q: What is the deal with crypto art?

A: Crypto art is a type of digital art that uses cryptography as a medium or process. Cryptography is a technique used to protect information or communication from unauthorized access or tampering. Crypto art can be used to create secure, private, and anonymous communications, or to protect the ownership and provenance of digital artworks.

Q: Is crypto art real art?

A: It is difficult to say whether or not crypto art is “real” art, as there is no one definitive answer to this question. Some people may argue that crypto art is not “real” art because it is created using digital technology, while others may argue that crypto art is “real” art because it can be used to express creative ideas and emotions. Ultimately, whether or not crypto art is considered “real” art is up to the individual.

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