this post was submitted on 27 Aug 2024
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“Should art be regulated by the SEC?” NFT artists file lawsuit (arstechnica.com)
submitted 2 months ago by Xatolos@reddthat.com to c/technology@lemmy.world
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[–] RobotToaster@mander.xyz 0 points 2 months ago (1 children)

Except that the whole reason these “artists” made the “art” to begin with was to make an end-run around regulations.

That also applies to a lot of meatspace modern art.

[–] SnotFlickerman@lemmy.blahaj.zone 4 points 2 months ago* (last edited 2 months ago)

Yep, and that needs better regulation as well. Most of the "high-art" of the world is stupid shit literally used for money laundering, and NFTs just want a piece of that money-laundering pie.

Doesn't make either of them ethical things.

As someone else pointed out here in this thread, you can support an artist with a direct donation or by buying the art with cash. I personally feel like buying it through an NFT is an outright admission that you only buy art to make money off of it.