Comment by pessimizer
4 years ago
> https://www.billboard.com/pro/camp-chaos-songcamp-nfts-50-pe...
There's no model here. A band sold merch. If they had sold a branded beanie baby during beanie baby mania (and had been a band that appeals to suburban mothers), the same thing would have happened.
So how long will this mania last? They were sold during a bear market and at one of the lowest points of NFT market volume, but still did pretty well. If NFTs continue to be seen as tulips or beanie babies* for the next several years, and wildly outperform regular band merch sold through a distributor, maybe it’s worth considering as a new model for artists and creators. If NFTs crash to zero next month and artists stop earning from them, then I will agree with you.
* by you, I should add. Others see it as a digital object worth owning that is not tied to a single speculative bubble.