Before we talk about what NFT is, let’s talk about art.
The Banksyruptsy of the Girl With Balloon.
You are over the phone and you are excited to buy this amazing painting from the most mysterious artist in the world.
You relieve yourself from $1.4 million of dollars and you are excited about your new piece of art.
But the moment the deal is sealed, the piece of art starts shredding.
How would you feel?
This is a true story that happened at Sotheby’s, October 5th, 2018, in London, England.
You don’t believe me?
See for yourself:
Funny story: the shredding of this piece of art made it even more expensive.
The 2 Chainz around the block.
Imagine 2 Chainz with a block. This is the origin of the blockchain, I heard.
I see that you are a little bit confused. Watch this video:
How to describe the blockchain to my grandmother?
Nanny, imagine that there is a giant board in the middle of your village.
Now imagine that each time you say something, it is carved on that board.
As the board is in the middle of the village, everybody comes and copies what is carved on it each time new information is added.
This happens each time a villager’s voice is carved on the board.
Even if you try to go on the central board and try to modify it, people will see the erasures.
This is the blockchain in a nutshell.
And 2 Chainz is literally sitting on a block near the board. He is the Guardian of the board.
NFT or the unicity of multiplicity in the digital era. How is my virtual Mona Lisa worth?
“A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable.NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with a proof of ownership that is separate from copyright.”
Yes, I had the same reaction as you: What the fruit?
I can buy a copy of a photo with a digital “token” that makes me the owner, and at the same time, the same item is freely accessible on the internet?
Then I bought a virtual copy of the Mona Lisa. I tried to sell it as an NTF on the Internet.
I was ready to retire at 40. But, there is always a but, I did not have the “token” of ownership.
NFTs are the new trends on the Internet.
The most expensive one so far has been sold for $69 millions dollars:
Banksy, the forefather of NFTs. When authenticity is the most expensive asset in this world.
Banksy modus operandi (M.O) is quite simple.
Let’s go back to the piece, the Girl With Balloon. Initially, it was a street art project.
Technically you can take a picture of the artwork, print it, frame it, and hang it onto your wall.
However, you will not be able to sell it for $1.4 million of dollars.
The “token” was given by the master himself when he shredded it before the eyes of the world.
What we can learn from Banksy and NFTs and how we can apply it to our own life.
What makes Banksy art unique and worth millions of dollars can be summarised in 2 concepts:
Whenever you see artwork from Bansky, there is a part of him in his art. He is authentic in that way.
He hides his face and lets his work do the social posts for him.
Even if people can copy his art, nobody is him or his M.O. He is unique in that way.
NFTs are selling for millions, while billions of copies of them are available for free on the internet.
Those NFTs are worthy because of their unicity and authenticity, thanks to the blockchain.
We can take inspiration from Banksy and NFTs to create our own “token” in our lives.
We all strive to be unique and authentic.
Yet nothing differentiates us from our colleagues, friends, family, or the rest of the world.
We have to free ourselves from the chains of our minds.
We can use those chains to create a big block on which we will carve our unicity and our authenticity for eternity.
As long as there is life, “There is always hope.”
Are you into NFTs mania?
What is the best piece of art you have ever bought?
What are you doing to be unique and authentic?
Leave a comment below.
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You can read my previous article on When it comes to physics, there are 4 forces; when it comes to humanity, there is a 5th force. That force is stronger than the 4 others combined. Master it, and you will master your life. (Friendly link)