Katy Perry acquires stake in Theta Labs and drops NFTs

[Teletubby 150,010]

 

 Katy Perry is launching non-fungible tokens (NFTs) for fans and has acquired a stake in the blockchain video-delivery network Theta Labs.

Her NFTs will celebrate her “Play” residency

This is the first-ever Las Vegas residency to feature exclusive NFTs commemorating the event.

Katy will have a minority interest in Theta Labs, alongside her talent agency, Creative Artists Agency, which is also one of Theta’s enterprise validators.

Katy Perry said:
“I’m both excited and curious to be launching my first ever NFTs later this year with Theta Network.” “This is a new, unique opportunity to connect with my fans around the world even if they aren’t with me in Las Vegas. I can’t wait to dive in with the Theta team on all the exciting and memorable creative pieces, so my fans can own a special moment of my residency that’s both a digital collectible as well as an IRL experience.”

source source

[Luna Lovegood 24,372]

Is this a good thing?

[HorusRa2 5,005]

someone pls explain what an NFT is

[Runway 27,876]

Get money bitch

[Cybikitty 1,647]

[bionic 50,107]

I still don't understand the purpose of NFTs and they seem like rich people nonsense.

BUT, from what I do know, are they really the type of thing that is worth advertizing months in advance?

[hELXIG 43,082]

Hnnnnng celebs need to stop getting behind this **** 

[RAMROD 109,672]

1 minute ago, Luna Lovegood said:

Is this a good thing?

Depends.

 

NfTs are like the art that you can't touch.

NFTs are designed to give you something that can't be copied: ownership of the work (though the artist can still retain the copyright and reproduction rights, just like with physical artwork). To put it in terms of physical art collecting: anyone can buy a Monet print...., or says you own the picture of the sneakers, which can still be copied, shared, printed and hung on the wall by anyone who wants to do so. But only one person can own the original.

[buzzkill 5,152]

2 minutes ago, bionic said:

I still don't understand the purpose of NFTs and they seem like rich people nonsense.

BUT, from what I do know, are they really the type of thing that is worth advertizing months in advance?

In essence is a way to monetize digital art and actually is making a lot of underground artist make a living for themselves

[Lumiere 5,717]

 

[Teletubby 150,010]

3 minutes ago, Luna Lovegood said:

Is this a good thing?

 

1 minute ago, HorusRa2 said:

someone pls explain what an NFT is

digital artworks

for example these are NFTs dropped by Grimes: https://niftygateway.com/collections/warnymphvolume1
The Weeknd https://niftygateway.com/collections/theweeknd

people are also selling memes as NFTs 

Kings of Leon to release album as NFT

[RahrahWitch 6,985]

2 minutes ago, HorusRa2 said:

someone pls explain what an NFT is

A URL basically. 

When people buy an NFT they're not even buying the digital asset (Song, picture, model) You're buying a link to the "original". All the copyright still remains with the uploader.

A lot of it is just money laundering and crypto-bros trying to make a quick buck. A lot of celebs also hopped on the NFT train for money.

I will say though, I give her credit for choosing a coin that's got less of an environmental impact but still NFTs have a long way to go before I could get behind them.

 

 

 

[Luna Lovegood 24,372]

5 minutes ago, RAMROD said:

Depends.

 

NfTs are like the art that you can't touch.

NFTs are designed to give you something that can't be copied: ownership of the work (though the artist can still retain the copyright and reproduction rights, just like with physical artwork). To put it in terms of physical art collecting: anyone can buy a Monet print...., or says you own the picture of the sneakers, which can still be copied, shared, printed and hung on the wall by anyone who wants to do so. But only one person can own the original.

so it’s good for unknown artists who makes art for a living 

[RAMROD 109,672]

Just now, Luna Lovegood said:

so it’s good for unknown artists who makes art for a living 

Yes it is, the "ownership" is often the drive in sales that caused it to sold for Millions.

[Luna Lovegood 24,372]

1 minute ago, RahrahWitch said:

A URL basically. 

When people buy an NFT they're not even buying the digital asset (Song, picture, model) You're buying a link to the "original". All the copyright still remains with the uploader.

A lot of it is just money laundering and crypto-bros trying to make a quick buck. A lot of celebs also hopped on the NFT train for money.

I will say though, I give her credit for choosing a coin that's got less of an environmental impact but still NFTs have a long way to go before I could get behind them.

 

 

 

Hi thanks for explaining, however I’m confused about the environmental impact part. How does NFT impact the environment?