The value of this art is all hot air.
A Brooklyn-based film director is joking together and attempting to profit from the cryptocurrency craze for non-fungible tokens (NXT) by selling a year’s worth of fart audio clips recorded in quarantine.
“If people are selling digital art and GIFs, why don’t farts?” Alex Ramirez-Mallis, 36, told his post in addition to the blockchain-based NXT Bazaar.
His NXT, “A calendar year of recorded farts, “Began incubating in March 2020 when, at the beginning of the global coronovirus lockdown, Ramirez-Mallis and his four friends began sharing recordings of their farts in a group chat on WhatsApp.
On the one-year anniversary of America’s COVID-19 quarantine this month – Ramirez-Mallis said he could identify group members by his warts alone – Ramirez-Mallis and his partner compiled the recordings at 52. – “Master Collection” audio file -minute.
Now, the top bid for the file is currently $ 183.
Individual fart recordings are also available for 0.05 Ethereum, or about $ 85 a pop. The Gassy group has so far sold to an anonymous buyer.
“If the price goes up, they can have a very valuable fart on their hands,” he said.
Ramirez-Mallis and his friends did not start recording their warts with a profit in mind, but recently NXT Madness – which owned the intangible asset has been sold for a seven and eight-digit price tag – to share Provided the right outlet for “their large backyard catalog.”
All this is ridiculous not lost on the Flatbush resident.
“NXT Craze is absurd – it’s the idea of putting a price on something inherently intangible,” Ramirez-Mallis noted the screenshot of the screenshot and the concept of colors currently being sold as NXT. “These NXTs are also not farts, they are just digital alphanumeric strings that represent ownership.”
The trend of NXT making the idea of ownership somehow salable and profitable to the very online people, he went on. In fact, he is also not the only person to sell Fart NFTs.
Although knowing that the concept is revealed in insanity, Ramirez-Malice still hopes to benefit from it.
“I’m hoping these NXT farts can criticize once [the absurdity], To make people laugh and make me rich, ”he said.
But, he admits, there is some historical precedent for the concept of NXT.
“In many ways, it’s a bubble, but it’s been around forever,” he said, comparing NXT to wealthy art collectors who buy expensive works, store them in storage, and only on their own Certificates of ownership are displayed, then sell for more money. “Buying and selling art purely as a commodity to store value has been around for centuries, and NFTs are a digital way of representing that transactional form of art.”
“Art is only an avatar for value.”
Pastor of Ramirez-Mallis agrees, a mentor for NXT, and said he offered to help Ramirez-Mallis with some technical aspects of the project as he praised its “silly but necessary” criticism of the NXT incident.
Ramirez-Mallis friend and producer Grayson Earle said, “By buying NXT, you become part of a tech novelty crowd that turns out to be revolutionary, but operates in an old tired way of the current art market.” . ” Cryptocurrency project Bell block.
While Ramirez-Mallis and Earle acknowledge that the digital art behind NXT is often intellectually and visually appealing, they take issue with how quickly they become more about their price tag than their creative value.
Ramirez-Mallis said “art is only an avatar for value”, noting that there are not digital art-lovers behind the Crazy Market, but people are trying to get rich quick as bookies.
“There is the old saying, ‘Why don’t they just deposit money?” “Ramirez-Malis said,” and it really symbolizes that. “
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