01.01.2021
Page 2 of 4 FirstFirst 1234 LastLast
Results 16 to 30 of 55

Thread: OUATIS sells for record breaking 4M with NFT attached.

  1. #16
    #halmustgo Hal Incandenza's Avatar
    Join Date
    Apr 2014
    Location
    THE MIDNIGHT MEAT TRAIN
    Age
    44
    Posts
    21,755
    Rep Power
    10

    Default

    https://www.google.com/amp/s/www.ben...ntent/23506131

    the last 3 paragraphs about 'showing off to friends' possibly explain the psychology behind it. seems like a solid explanation to me.

    I say good on them making more money out of money

    NON IGNORANTS *** A-1 STEAK SAUCE *** THE MATLOCK

    Come build with the gawd
    https://the5thstate.wixsite.com/5thstate

  2. #17
    #halmustgo Hal Incandenza's Avatar
    Join Date
    Apr 2014
    Location
    THE MIDNIGHT MEAT TRAIN
    Age
    44
    Posts
    21,755
    Rep Power
    10

    Default

    Cilvaringz can PleasrDAO split ownership track by track on the album, having many people together own just one track and thus make even more money? Or does ownership of the NFT always go for the FULL product meaning the whole OUATIS album + artwork & casing?

    Theoretically, if the track by track split works (don't know) you could even split verse by verse or bar by bar

    imagine being the (co-)owner of one punchline

    just trying to roll with the concept here
    Last edited by Hal Incandenza; 10-22-2021 at 12:58 PM.

    NON IGNORANTS *** A-1 STEAK SAUCE *** THE MATLOCK

    Come build with the gawd
    https://the5thstate.wixsite.com/5thstate

  3. #18
    Corny Nuh! Capitalizing Cilvaringz's Avatar
    Join Date
    Feb 2002
    Posts
    1,792
    Rep Power
    10

    Default

    Quote Originally Posted by Hal Incandenza View Post
    Cilvaringz can PleasrDAO split ownership track by track on the album, having many people together own just one track and thus make even more money? Or does ownership of the NFT always go for the FULL product meaning the whole OUATIS album + artwork & casing?

    Theoretically, if the track by track split works (don't know) you could even split verse by verse or bar by bar

    imagine being the (co-)owner of one punchline

    just trying to roll with the concept here
    You’re actually on point. Regarding OUATIS they are theoretically not allowed to split tracks into individual ownership, BUT Rza and I have made clear we’re always open to ideas as long as they make conceptual sense. The power to amend or adjust restrictions is with us.

    Theoretically speaking, any facet of the album can be sold as an NFT. Imagine a particular verse being put up for sale as an NFT, it’s possible. Google ‘DJ 3lau Royal’ and you’ll see a new company that offers IP of songs as individual NFTs. It’s an interesting market to study because basically all an NFT is, is digital proof the digital asset is an original one. It’s like buying a painting and having the actual artist’s signature on the back. Only here, the original artist has minted the asset on the blockchain under his own name which gives many NFT collectors a psychological satisfaction in owning it and paying for it.

    Imagine the Mona Lisa. Google Image it and you’ll find 1000s of images of the same shot. Now imagine The Louvre or Da Vinci’s estate takes a pic of it and mints it on the blockchain under their official name. Now that’s worth a lot to someone who is happy to own THE one, even if you can access the exact same duplicate of the shot.

    It’s hard to wrap your head around the psychology of it… but there’s a whole DeFi world that believes in it 1000%. And we made 1 copy to protest against loss of value due to endless duplication and free access to music because of digitization. Now the NFTs solve that loss of value.. that’s why PleasrDAO buying it was full circle with the concept.

  4. #19
    'The Fourhorsemen' TSA's Avatar
    Join Date
    Jun 2005
    Age
    33
    Posts
    39,883
    Rep Power
    162

    Default

    QUATIS as been a really cool and interesting idea, glad to see it's still in rotation. Could have shown the feds took it at some point.

    Also, don't really get the 'desire' to hear it. It will probably be mid given the time in their careers it was recorded but that's perfectly fine. Casual wutang fans should be more interested in hearing it than hardcore ones because we already know what it is, and we already know where their better stuff lies. It think playing the music on the album or revealing it will damage its value because the mystery of it is nice and sometimes that's the nicest part of an idea.
    Last edited by TSA; 10-22-2021 at 03:23 PM.

  5. #20
    Corny Nuh! Capitalizing Cilvaringz's Avatar
    Join Date
    Feb 2002
    Posts
    1,792
    Rep Power
    10

    Default

    Interesting theory by TSA, word.

  6. #21
    nada ignorante
    Join Date
    Jul 2005
    Location
    Brazilian Jungle
    Posts
    2,896
    Rep Power
    35

    Default

    Yes the mystery is cool for the first couple of years then people stop giving a fuck life is too short this nonsense.
    N.I.

  7. #22
    PRODIGAL SUN
    Join Date
    Jan 2003
    Location
    Michoacan,Mexico
    Posts
    579
    Rep Power
    21

    Default

    Thanks for the videos

  8. #23
    Hungry Hyena From Medina SL33's Avatar
    Join Date
    Oct 2007
    Posts
    5,225
    Rep Power
    44

    Default

    NFT's are basically a showcase how the future of intellectual property, business registers and cadastre will be.




  9. #24

    Default

    Quote Originally Posted by TSA View Post
    QUATIS as been a really cool and interesting idea, glad to see it's still in rotation. Could have shown the feds took it at some point.

    Also, don't really get the 'desire' to hear it. It will probably be mid given the time in their careers it was recorded but that's perfectly fine. Casual wutang fans should be more interested in hearing it than hardcore ones because we already know what it is, and we already know where their better stuff lies. It think playing the music on the album or revealing it will damage its value because the mystery of it is nice and sometimes that's the nicest part of an idea.
    I think the album has the potential to being their best since Forever. No offense to RZA, but sometimes the fans (Cilva) have a better understanding of the kind of music fans want to hear than the actual musicians. The Wu members are no longer stuck in the '90s, but fortunately Cilva is, and good for him.

    That being said, I'm not interested in an artist's "legacy" or being revolutionary. Life is too short, too meaningless, too absurd for that stuff. Woody Allen said it best, "When I die, take all my works of art and dump them into the river." I don't care what statement this album is making. I just want to hear the music and enjoy the art while I'm still alive

  10. #25

    Default

    ^^^

    Well said

  11. #26
    Peace CT
    Join Date
    Jun 2010
    Location
    CT, USA
    Posts
    1,607
    Rep Power
    21

    Default

    The Goldenchild has spoken. Peace

  12. #27
    nada ignorante
    Join Date
    Jul 2005
    Location
    Brazilian Jungle
    Posts
    2,896
    Rep Power
    35

    Default

    The Goldenchild said what i had said in a more mannered way. He is on point.
    Last edited by hotnikks; 10-24-2021 at 11:09 AM.
    N.I.

  13. #28
    MaximumMason trinking's Avatar
    Join Date
    Nov 2003
    Location
    south jersey/ philly / cmd
    Age
    37
    Posts
    465
    Rep Power
    21

    Default

    So basically cilvaringz and rza created NFTs without knowing they created them? I dont understand them and a lot of the newer forms of digital currency for that matter. Im not even good with the regular stock market. Someone that does should create a YouTube channel and teach/explain it all like you would to a child. Probably get a ton of traffic. Anyway, just tell me when, where, and how much itll cost to own a piece or even hear this piece of world changing history. And if you dont think this is world changing: 1 youre dumb, 2 its still in its infant stages and look how much its changed/created and how far its coming. Pretty crazy to think weve pretty much all been somewhat involved since its beginning.

  14. #29
    Hungry Hyena From Medina SL33's Avatar
    Join Date
    Oct 2007
    Posts
    5,225
    Rep Power
    44

    Default

    So many articles in crypto world about the Wu today and over the weekend...




  15. #30
    -Diamond in the Rough- 3rdEyeVizion's Avatar
    Join Date
    Nov 2003
    Location
    In a "state" where something's rotten
    Age
    38
    Posts
    2,165
    Rep Power
    27

    Default

    ..And yet we still don’t get to actually HEAR the god damn album! Or wait.. We might? In a museum or in the little art gallery?? I am puzzled to this day that people are still fasinated by this hoax Wu-album. Con-motherfucking-gratulations!

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •