I have been following the world of NFTs for a while now and I have noticed a trend that is starting to concern me. It seems like more and more people who are not from the art or creative fields are jumping on the NFT bandwagon and creating content that is not of the same quality or value as that created by professional artists.
As a result, I feel like the overall charm and appeal of NFTs is starting to diminish. It’s one thing for artists to use NFTs as a way to sell their own work and gain more exposure, but it’s another thing entirely for people who have no real artistic talent or understanding of the art world to try to cash in on the trend.
I understand that anyone can technically create an NFT, but I think it’s important to consider the impact that this influx of low-quality content is having on the overall perception of NFTs. It’s becoming harder and harder to sift through all the noise and find truly valuable and meaningful art.
I just wanted to express my concern and see if anyone else in the community feels the same way.
14 thoughts on “the oversaturation of mediocre NFTs”
It was inevitable. It’s not like it was going to stay the domain of only the avante guarde.
yeah, with lot of scam and false promise around it, it bound to happen to people that think this is quick buck, im done with these nft once i see someone do AI art and get 60++ETH and people when fomo on AI art and turns out the artist of said NFT are just create buzz for their team AI art tools.
Better focus on utility than just art (Reddit Avatars)
See ENS (domains), Sunflower Land (play to own), Telegram (usernames and phone numbers).
I like fxhash. There is less competition because creating a NFT for that marketplace requires considerable technical skill. Some people skill manage to create crappy content, but most of the art is an honest effort. Most generative art is going to be abstract, but I’m trying to use more representative imagery to stand out.
Stick to officially licensed NFTs. Dapper Labs is doing this. Has both NFL and NBA, Ticketmaster, and fan favorites like Dr. Seuss and Fraggle Rock.
Same ratio of failed to existing coins/token imo.
Rug pull on top of rug pull. Exploiting the space.
I think it would help if there were a platform that you sort of had to qualify to be on. Like if you want to sell art on RedBubble, for example, they review your work first for exactly this reason.
I’m building a marketplace that will solve this problem. Too many shit projects are being released in the 1000’s each day and there hasn’t been a solution for this until now – It’s called Pegasus Marketplace and we’re aiming to have a large backing by Web3 based VC’s in early 2023.
This needs to be fixed
If art is your only criteria for the utilitu of an NFT , you are mistaken. This is one project i am waiting for. They are trying to contact TIME travellers using NFTs. Just imagine if there is actual contact. With all the talk about UFO these days , it has everything that will catch the fantasy of general public. r/secrethostsociety
First, Marry Christmas… and yeh absolutly agree with your points. Just yesterday someone asked what matters most for the NFT projects, and the answer was primarily HYPE, sorry but I disagree.
My hope is that by onboarding more people this will find its natural flow.
Ive made one NFT. And yes it’s not high quality, but that’s not important. I’m not selling it. I’m using the technology for fun and as a way to low stakes introduce friends and family to it.
Well it’s all subjective anyway isn’t it? What you may think is mediocre could touch someone’s soul…remind them of a childhood experience that you wouldn’t share or understand. I think it gives those of us that have something to say to the world a place to do it. So at the end of the day there will always be pros and cons to everything including new innovations. Yes some will do it to profit but I think it’s worth the risk for true artists to come into the light.
Quality will prevail. Scams come and go. Said that you’ll love to discover my NFTs. Pure hard work