The Chaos of NFTs [Art Thoughts]

Summary by Krater

The host discusses the connection between Tool's song "Lateralus" and the Pokemon Pikachu, and explores the chaos of the NFT market and its relationship with art and value.

From the video

Answers: What is the connection between Tool's Lateralus and Pikachu, and what is the reality of NFTs in art?

• Lateralus and Pikachu connection
• NFT market chaos
• Design theory and Fibonacci sequence
• Arbitrary value and scarcity in art

What it concludes

• Both Lateralus and Pikachu can be linked through their connection to the Fibonacci sequence and the golden ratio.
• NFT values are almost exclusively dependent on the name recognition and social influence of the person who makes them.
• The value of NFTs is based on scam-centric concepts similar to past trends like time-shares and cryptocurrency.
• The rising tide of digital art sales lifts all boats and raises the perceived value of digital art as a whole.