It kind of sounds like someone procedurally generated these NFTs with an AI with the prompt, ‘experimental indie student documentary’

They're not lootboxes, they're surprise mechanics. They're not NFTs, they're artifacts.

Wow that piece of otter (at least I think it's an otter) animation is truly unique, even thou I do 3D assets for a living I would never be able to make something like that. Mainly because I would vomit repeatedly while making it and my sense of pride/shame would keep slapping me until I would make something proper. I give it to the author, it takes some massive balls to ask for money for that, actually I think I need to be paid damages for having been exposed to it...

The AI has been working overtime to make these "artifacts".

They keep chucking stuff at the wall to see what sticks. What nobody has told them is that the wall is made of teflon.

Wanna bet every single one of these was generated using midjourney or something similar in less than 20 minutes

Those NFTs that existed before already Cultural artifacts that is enough for us to learn that "the whole idea was stupid to begin with".

I'm really curious what the cultural impact of this project getting rugged will look like. Maybe someone else will make a commemorative NFT of it in the future.

I'm sure I've said this before, but every time I read about a project like this raising money in the millions I think of the old proverb "A fool and his money are soon parted".

I have a PhD in new media art, no serious artist or institution takes nfts anymore. Not only that, no serious artist talks about investment or their work going up in value. A serious artist will talk about the meaning of their work.

It's like mlms changing their selling term to direct sales to omni marketing. It doesn't change what it is just gets people who aren't up to date on the terms to get scammed

Yeah so whats happened her is these are very short AI generated video clips (that's all AI can do right now) and then ANOTHER AI has been given the task "think of a pretentious title for this video clip". That's all. That's all you're seeing here. Honestly its surprising it hasn't happened sooner.

Reminds me of something I heard someone say. To paraphrase “The only time people ever discuss the value of art it’s about how much money it’s worth.”

Of course they're called Artifacts now. After all, NFTs are now also relics of a distant past

“Art is anything you can get away with”- Andy Warhol

It's not about producing quality any more, it's about marketing whatever you can produce well enough. With an easy access to a large number of people who don't know better (intertubes) finding someone to buy your questionable product is easier than ever.

The entire crypto/NFT market needs to re-learn the meaning of "use-case"... Thank you Kira for being a voice of reason who sees trash and calls it trash (or rubbish, I suppose, for you british types. Humble colonist here. ;)

An NFT by any other name would still be an example of greater fool theory

The one themed around "neurodiversity" (i.e., autism) in Indonesia is spot on since it's basically a Necron, and it doesn't get more "neurodiverse" than Warhammer 40K. I hope Games Workshop sues them into penury.

I still remember when 'artifacts' was the term for recording errors in video or photo medium ... well, thinking about it, even with that definition it still fits ^^'

honestly i appreciate the variety of content, kira has a good eye for fun stories

the descriptions of them combined with the way they look really make me think that the creators of this stuff are literally trolling, in a "lets see how stupid we can make this while still getting people on board" sort of way. 95% sure that's genuinely what's going on here

1:44 it's an Otter in a washing machine

Art hot take: if you're making an art piece that's supposed to represent something, then you've failed if people can't figure out what that something is just by looking at it. You've failed to communicate the idea you had when making it.

"Thanks for watching... ughh" perfectky sums up nfts

"It's easy to say on retrospect that NFT's were a stupdid scam, but then again, it was also easy to say that at the start and the middle too."

I swear I saw that otter ferret thing on the Sistine Chapel ceiling, must go back and take another look...

Love how the animator of the cat-lizard-ferret would probably respond with "The fuck is that?" if you asked him what an animation graph editor is.

Not even joking 5:35-5:37 he’s says “what the fuck”, I was watching it for first time and I literally said “what the fuck” at the same time. 😂😂😂😂😂 GG

I think I want to create a system of NFTs except instead of digital art, the artists will paint real paint on canvas. And then instead of cryptocurrency, they will be sold with fiat currency. They could be displayed in buildings called galleries till they are sold. But here is the twist, we'll set some AIs set up with bank accounts and trick them into buying the artworks.

The thumbnail made me think that one PC builder that got cancelled was making NFTs.

"I don't think you are allowed to sell the thing from _Spirited Away._ I'm not 100% certain, but I'm pretty fuckin' certain." *Inuyasha:* "First time?" :)

Yes unless they got the license selling art of the spirited away character is a copyright violation.

Imagine making an art piece about late stage capitalism... without critically looking NFTs

The intersection of art, technology, science, design....and money from goof troops.

I love how crypto bros shout from the rooftops that Nfts give you ownership while at the same time stealing copyright from other media to help popularise their shitty art

This isn't a comment, this is a virtual sentence. Totally different thing.

Didn't you get the last NPC update Kira? It's not NFT anymore, it's AJL now (Artisan Jpeg Link) and comes with even less security.

I always feel like I have to come up with something extremely witty when I arrive at a video right when it's posted. Sorry, I got nothing.

I was expecting the "in England" part being added to the end of each topic. xD

Artifacts are actually NFT's on the Bitcoin Blockchain. However, because it uses the different technique of inscription, it was given a different name. It still serves the same function though, so still shit (unless you love art and then you buy them without expecting a return).

There are Artifacts, also known as Coprolites. (That is fossilized poop)

They've gentrified NFT's

You can't just...'make' a cultural artifact. For something to become that it needs time, history, context. You can't just declare you'd made one, out of the blue. You've just made...guff. Nonsense.

Someone went on an AI engine and typed "experimental art sound deep to rich assholes"

"NFT bros race to learn how to use 3D software". This is going to be gamed and the "art" we're seeing is exactly the quality that will continue to be released until they run out of money. Basically the top 5 "how to make a 3D scene" tutorials mashed together with free downloadable assets, over and over again.

You may not know what they are but I do: garbage. A bunch of freshman 3D animation student's saying "no really, it's better than the C- the teacher gave me. THIS IS ART!" If you look at ALL of them through that lens, it suddenly all clicks into place. I've seen thousands of things just like these.

That kid in the weird hat that pops up in the otter in the washing machine NFT l9ooks like one of the kids from an anime I watched back in the day... like, so close that it could be borderline plagiarism.

NFT's are artifacts in the sense that they are already lost to the sands of time.

Of course they're washing machines, gotta launder that money somehow bro

crypto usually confuses me but wtf is going on here

How do you know they didn't buy a Spirited Away script for $6mil?

"Partners: Microsoft, HP, Unity" .. lololol

"You just don't get it maaaan"

Shout out to my man Derek the bird keep up the fight

I liked that otter more before I saw it move

"Own deez fuckin' nuts, Bro!"!!! Love it!!!

Those videos remind me of my 3d studio max videos i made when i was 16.. 2 hours after i first installed it.........

"Works of art that live on the Etherum blockchain". Are these so-called-web3-cultuered-focused people trying to tell us that they don't understand how web3 works?

It was Clerks 2

“My nfts stand out because my nfts will make ME millions when I pull the rug out from under you reta… smart intelligent customers!”

Ah, the classic marketing strategy of rebranding.

Nothing says ‘the tyranny of late stage capitalism’ than a crudely animated cat lizard in a washing machine.

That otter thing is so ugly it HAS to be AI

Well, all I can come up with here is that as long as there are still idiots out there willing to pay for NFTs, someone will make and sell them...

On the one hand, I kinda prefer this to other NFTs. It isn’t really new for artists to sell smaller works to raise money for a larger project. The problem is crypto bros are still talking about the “investment opportunities” and the “projected value” and that’s just taking the worst parts of the art gallery world and needlessly transplanting them into a website. If this catches on they can say goodbye to their art films about feminine gender performance and late-stage capitalism, because it’s going to fill up with Unity asset flips funded by selling hundreds of procedurally-generated “Artifacts.”

What ever happened to Stamp Collecting? Tangibles are sooo passé I guess? Spend thousands and thousands of cash for something you can never put your hands on? I'm in.

Hey, now that's an idea, an NFT video about NFT scams.....

They moved from jpegs to gifs. It's Web 4. Amazing!!!! Where can I deposit my Shiba-Inus?

Did you talk about 100+ ppl with brain tumors in the same school in NJ

It really just goes to show you, the people who are pushing NF tees, have literally no faith in anything except trying to make money. It is their lack of faith and nihilistic sensibilities that even craft something like NF tees in the first place

Animoca are huge

6:21 Knock-off seven goblins

Dont put your cat lizard ferret in a washing machine, that is animal cruelty.

They raised $2.2mil just to give out a $23,000 prize? Yep sounds like web3 to me

nice

You say that a clown flower wont take off but look at Takashi Murakami. Neven underestimate how much people in the art world will pay for weird crap. Hopefully those 2 worlds wont really cross.

NFTs with some extra steps

i swear i kept thinking you were saying autism instead of artizen

So it's just a bunch of Blender animations? You can find thousands of test animations made by aspiring animators exactly like these, often better.

Trust me bro

Get it? “Artifacts” of nfts, all nfts are rugs waiting to be pulled so they created rugs waiting to be pulled and these brave explorers get to experience it

these artifacts almost sound as valuable as the game Artifact

It's NFTs, but instead of being .jpg they are .gif ?

I have a sneaking feeling that these are all AI art pieces because they look disjointed and there is no thought process behind them. The washing machine one....I don't get their inspiration or even what the artist is trying to convey to the audience.

Low effort Ai generated gif described as 'mini digital documentary performing a transformative critique of late stage gender binary analysis in rural Indonesian ethnic tribes.'

@2:00 , well you should have recorded this on a porch...

😂 😂😂 cat lizard ferret

it's filled with such "ESG" sounding mumbo jumbo jargon it's like they want Blackrock or Stonewall to invest in them or something

constitute you deoxyadenosine monophosphate glowie nerve-wracking to put option deoxyadenosine monophosphate back door atomic number 49 my decentralized digital currency?

Crazy that Kira, after covering crypto and nfts, so extensively believes that crypto bros would stoop so low as to just wash trade and use other such schemes to win a cash prize. I just couldn't see pillars of integrity in the web3 community using such underhanded schemes.

If it looks like an NFT, sounds like an NFT, functions like an NFT, then guess what? It's a fucking NFT no matter what you call it.

So they stole a bunch of animation student's projects and/or AI generated horror fuel clips to sell. Surely that's the future. (not).

This'll be about as good as Steam's Artifact.

inb4 the crypto bro and the artifact bros war starts.

Telatubbies. Those are AI generated Telatubbies.

Seems AI is starting its own NFT scams, we should be scared.

... ok i kind of want some expert to analyze these a bit, because i'm not really getting all the levels of meaning that these things are supposed to have.

As others pointed out this all looks AI generated. But also it feels like they put a stupid spin on this to appeal to the pretentious art crowd. You know, cuz art investors are a thing and NFTs are about investment.

Most NFTs are glorified barbie dolls, exactly the same other than mint #, accessories, and pallet swaps. You have no idea when you mint what you will get, so it is the same as buying a lottery ticket. I like the idea of SFTs for tournament entries and what not, (If you buy into a tournament and can't play because something came up, you can sell your spot to someone else) but the only benefit or use case I see is in storing the users data, progress, purchases, and achievements so they can one day sell it when they are done playing. Happy Meal also sounds much better than Fast Food...Go figure...