CryptoArt

[Anonymous No.788041]

What's going on there?
3D artist like Beeple becoming cryptomillionaires soon?
How do I get in on this? Everything is invite only, fucking elitist pricks,

[Anonymous No.788043]

>>788041
>>millionaire soon
already is mate

[Anonymous No.788078]

>>788043
Will beeple enter the annals of (3D) art history, or will he soon be forgotten?

[Anonymous No.788084]

had a thread on this a few months back, everyone agreed it was money laundering
good luck getting in on that

[Anonymous No.788125]

>>788084
Can you elaborate. I'm having trouble finding legit info in that.

[Anonymous No.788177]

>>788041
>How do I get in on this?
He toiled in obscurity for years; I actually don't know how or when his shit picked up and he went from "oh cool he does neato 1 art a day sketch things" to the new banksy

>>788125
Criminals generate a gigantic amount of cash via their criminal enterprises. Putting that cash into the bank (or indeed turning that cash into some other fungible asset class) is very difficult because some of those dollars were provided by law enforcement, and have specific serial numbers on the bills that are unique and known to law enforcement, for the express purpose of tracking the flow of money throughout the organization and/or proving that a criminal engaged in a criminal act because they have said set of known bills.

There are many ways to launder money, they all involve getting dollars from the general public and then depositing those dollars (along with some of their "tainted" money) into the bank, while maintaining a record of transactions that is "close enough" to correct (the gaps in the transactions are made up with tainted dollars) the the IRS can't claim a crime has happened.
Criminals don't mind paying a premium (that is to say getting less than 1:1 return on their dollars going in) because that is "the cost of doing business".

>where does modern art fit into this?
Modern art is a tangible object but whose store of value is arbitrary or non-intrinsic (in other words there is no real intrinsic value based on its materials or the like), it can be bought with cash, it can be easily stored and transported (unlike huge sums of money), legitimate buyers (non-criminal organizations) exist that will participate in the transactions thereby providing "clean" money, and the art pieces tend to appreciate in value over time (though again that isn't strictly necessary, criminals are more than willing to lose dirty money to gain clean money, making money is not their problem; holding onto it is).

[Anonymous No.788363]

>>788041
You don't. Beeple has well over a million followers across all platforms, so he's just on the radar of elitist pricks by statistical chance. He's just using his clout to live a really comfy life.

tl;dr You "get in on this" by becoming insanely famous and using your fame to attract the most elite and rich to you. Good luck on that.

[Anonymous No.788364]

>>788078
Does it even matter? I doubt even he cares.

[Anonymous No.788417]

1) sell drugs, weapons and underage prostitutes
2) buy your own art with the money
congrats, you're a successful artist and a legitimate entrepreneur
don't forget to donate to charity!

[Anonymous No.788437]

>>788177
Thoughts on this twitter thread trying to legitimize Cryptoart as not a scheme?

[Anonymous No.788438]

>>788177
Thoughts on this twitter thread trying to legitimize Cryptoart as not a scheme?
https://twitter.com/mintable_app/status/1308240771573714944

[Anonymous No.788439]

>>788417
>>788177
This
Now that OP's question was answered, please stop bumping

[Anonymous No.788444]

>>788438
For money laundering all they're doing is putting a hold on "transactions over a certain size"; banks already have a similar mechanism to try and combat money laundering: any transaction over $10,000 ($5,000? whatever, probably varies by country anyway) is "suspicious" and has to reported on a special form.
So what do criminals do? Smaller transactions but more frequently.
Again, they don't care WHAT it costs to launder their money, they don't care if there's a waiting period or a hold or anything of the sort (as long as there's no scrutiny by law enforcement), they don't care if every $1 of dirty money yields $0.01 of good, they generate practically unlimited cash and they've already filled up their on-hand cash stores (i.e. their mattresses, personal vaults, whatever) now they're just interested in having a way to put their dirty money into the bank (ideally not in the USA or whatever country they're operating in) so that it can't be seized by law enforcement.

As for wash trading, that's a different topic and not one I'm well versed in. A cursory skimming of the google says it's where you trade a security (a stock) and generate an uptick or downtick that then will cause other traders to respond to your activity with their own activity (i.e. you buy, cause an uptick that triggers others to think they should buy too because a big institution is buying) while at the same time you sell via a different broker and realize a tax exempt loss, thereby gaining something for nothing.

I've probably oversimplified and it sounds like there's an up wash trade and a down wash trade meant to capture value on either side of the swing, and I understand that some 80% of crypto trades may have been this very tax scam. "We curtail it by making people generate a new identity to do the trade with" means nothing and does nothing, they're already using a second broker (or perhaps the same broker but a different account) already.

[Anonymous No.788450]

>>788444
Good show anon!
I'd read your books and attend your lectures if you wrote and spoke.
How did you get educated for this topic?
>>788439
I like the informative posts in this thread for an overall interesting topic. This one anon's answers should be recommended reading for anyone thinking about cryptoart as an untapped market to profit from, but are suspicious about it.

[Anonymous No.788951]

>>788450
>How did you get educated for this topic?
While I have a formal education in economics, unironically anything you want to know (including academic grade papers, or so called "scholastic articles") are all available on the internet

Investopedia is a great source, large online brokerage sites (like tdameritrade, charles schwab, others) all have very large free repositories of articles on /biz/ stuff.
They may not have a "How to Launder Money 101" article but they will have a "How not to break the law" articles

[Anonymous No.789711]

>>788041
Can somebody explain how he did it to a brainlet like me?

[Anonymous No.789725]

Fuck, man... But say about his art what you want - he at least puts out something "original" instead of recreating a random object or a character, even if the latter requires much higher technical skills. I'd rather do stuff like that than be a production cuck 3D cog in machine pleb who shouldn't even call himself an artist.

[Anonymous No.789731]

>>789725
>he at least puts out something "original"
I bet he has some sort of "AI" generator to create combinations of concepts and just illustrates them in 3D with the help of his immense library of assets made by other people.

A good way to make money off retards, but that's about it.

[Anonymous No.789768]

>>789731
an ai? mate are you a paranoid schizophrenic or just so godlessly uncreative that you aren't capable of throwing nouns at a wall to combine concepts

[Anonymous No.789769]

>>788417

as someone with ex-friends who were involved in this kind of thing, its usually more identity theft than black market flipping

[Anonymous No.789771]

god i hope &amp makes us all rich.

[Anonymous No.789781]

i don't like beeple's stuff, but if the guy's getting paid, good for him.

that said, the whole nft thing seems sketchy as fuck and the few people on my twitter feed involved with this have turned into completely insufferable assholes.

[Anonymous No.789912]

>>788041
Wtf is that?

[Anonymous No.789919]

>>789912
A R T
R
T

[Anonymous No.789922]

>>789781
Lol so accurate. Every crypto art person is unbelievably insufferable and most of the art is absolute shit pumped out/up by opportunistic crypto influencers that not only know nothing about art, but are simply foaming at the mouth at another incredibly speculative space in the already hyper speculative environment that is cryptocurrencies.

Its a shame because I think its long overdue that digital art got more recognition in the art world(youll never see it in the gallery). Im optimistic about its future, a serious digital art scene that allows digital artists to make actual money would be really cool, and NFTs seem like a solid vehicle for that.

[Anonymous No.789929]

>Here's 2 marketplaces for Non-fungible Tokens(NFT's)/Cryptoart
https://niftygateway.com/marketplace
https://superrare.co/

>Here's an NFT "bible"
https://opensea.io/blog/guides/non-fungible-tokens/

>Here's an entire article website dedicated to the Cryptoart scene
https://nifties.com/

ALSO here's an article on Cryptoart Fraud
https://cryptobriefing.com/crypto-art-fraud-rarible-sparks-governance-discussion/

Take a look at the marketplaces anons, and see what the art looks like.

[Anonymous No.789953]

>>789929
Well, I should start making Instacrap and trying my luck there. Seeing as it requires the artistic skill of a diarrheic chimpanzee trained to shit on canvas.

[Anonymous No.789956]

>>789912
A money laundering scheme

[Anonymous No.790002]

>>789929
>Here's a couple other markets for CryptoArt
https://foundation.app/
https://www.rareart.io/
https://app.rarible.com/items/onsale
https://makersplace.com/
https://knownorigin.io/

>Here's a guide to Cryptoart with Ethereum with 5 other markets, 2 galleries, and NFT loans
https://defiprime.com/cryptoart-on-ethereum

>Here's a CryptoArt directory
https://blockchainart.directory/

>Here's a few galleries that you could buy Cryptoart (IDK the difference between NFT markets and galleries)
https://dada.nyc/artgallery
https://snark.art/gallery
https://cryptoart.com/art/gallery/


>Here's various internet articles on Cryptoart
https://hackernoon.com/cryptoart-the-future-of-fine-art-is-digital-m31b3zdc
https://www.inputmag.com/features/crypto-art-exchanges-are-about-to-blow-up-the-auction-house-nifty-gateway-superrare
https://cointelegraph.com/news/nft-and-crypto-art-can-magnify-the-truth-of-our-reality-without-censorship
https://ostachowski.com/about/what-is-crypto-art/history-of-crypto-art/
https://xcopyart.com/pages/what-is-cryptoart

>Finally, an entire Uni study and article on art
metrics with CryptoArt
https://arxiv.org/pdf/1907.07758.pdf
https://medium.com/@hex6c/art-metrics-62f94c676b20

I'll see my autism out now

[Anonymous No.790003]

>>789922
I would like to participate in NFT art, if not for the fact that this thread discussed about money laundering/washing.
I feel that the buyers of all this Cryptoart are a spread of rich kids who want to get into "the scene", investors hyping for this to be the next bitcoin, and actual criminals.
I sure as hell wouldn't want to help the 3rd type, nor associate with them and get my ass on the legal chopping block.

[Anonymous No.790005]

>>790002
https://mintable.app/
Apparently CryptoArt can be sold in categories such as music, game items, domains, and templates (graphic design). Not just art as images, gifs, and videos.
3D assets might also be a category for 3dcg artist buyers in the future.

[Anonymous No.790129]

>>790005
https://andrewsteinwold.substack.com/
Several surveys and data on CryptoArt Market
Apparently you could also buy VR land parcels as NFT's. I guess that's an opportunity for VR cryptoart galleries

[Anonymous No.790135]

>>790129
https://www.cryptoartnet.com/cryptoart-wash-trading/
https://nonfungible.com/blog/wash-trading-and-why-its-negative-for-non-fungible-tokens
Here's 2 articles by 2 directory news sites of NFT art, on wash trading as discussed in >>788444