I own two DC NFTs and this is what it feels like

dc nft wonder woman dc nft wonder woman

As part of the very successful market event DC FanDome end calendar month, everyone who signed up was able to get a free DC themed NFT. not wanting to be left out of the fun – and after making sure that at least these were lower energy, proof of stake NFTs – I signed up to get mine good to see what all the fuss was about.

The illustrations of the NFTs were not terribly exciting. Some classical DC covers displayed on… a 3.5 column inch floppy disk. This form of data storage – 120 bachelor of medicine ! – was coarse in the 90s but phased out by CD-roms early in this century. Depicting an ultra-modern NFT as a form of disused storage was obviously some kind of joke…but then so are NFTs .
Yes, yes, whatever humans attribute value to becomes valuable. An NFT is no more intrinsically worthwhile than a part of paper with a video of Benjamin Franklin on it. It ’ s all a symbolic representation of something we agree to value. But the stallion digital era of files copied from a floppy to a cadmium to to thumb drive to cloud storage is based on the idea of endless reproduction, the demand opposite of scarcity and ownership .
When NFTs got hot earlier this class, most people found the solid notion absurd, at first. The theme of owning any kind of digital file goes against all the copy and paste we do in our days of data drudgery. But there was money involved – lots of it – and bored people stuck at home on COVID shopping sprees with lots of virtual currentness and no seat to spend it, and the theme took off .
The pushback has been and remains huge. The problem with NFTs is about sustainability : the energy used to compute digital codes that are sol huge that they can ’ thymine be copied ( that ’ s my layman ’ second explanation ). In order to assuage some of the guilt over destroying more of the environment, many people tried to find ways to use the blockchain in more socially beneficial ways. This was the second energy orgy of the NFT era : believers trying to convince skeptics it wasn ’ t all bad .
final winter and spring, when things were red hot, I had many phone calls and emails and zooms with people trying to convince me that NFTs would be a blessing for artists and creatives, supporting a system of incontrovertible ownership and durable contracts .
They weren ’ thyroxine wholly ill-timed : NFTs have surely been a blessing in that artists are now making a bunch of money creating art for this scheme. And it is a scheme. When you cut through all the baffle yak that inescapably surrounds any of these discussions, NFTs are equitable another bunco job, with people at the top skim off the profits. But hey, inflation is here and we could all use some excess dough. Let the artists get paid in regular old cash with conventional bank transfers .
I ’ ve even to see any very way that NFTs will benefit artists away from possibly making it easier to get a part of the sale price when a piece of digital art is “ sold. ” But I ’ ll confess, I don ’ t spend all day researching it, either. I ’ ve heard a bunch of arguments and I ’ ve however to be convinced. And Iim not alone. even the guy who helped invent NFTs, Anil Dash, international relations and security network ’ metric ton convinced .

We took that shortcut because we were running out of time. Seven years subsequently, all of nowadays ’ s popular NFT platforms still use the like shortcut. This means that when person buys an NFT, they ’ ra not buying the actual digital artwork ; they ’ rhenium buy a link to it. And worse, they ’ rhenium buying a link that, in many cases, lives on the web site of a new start-up that ’ s probable to fail within a few years. Decades from now, how will anyone verify whether the linked artwork is the original ?
All common NFT platforms today share some of these weaknesses. They silent depend on one ship’s company staying in commercial enterprise to verify your art. They still depend on the antique pre-blockchain internet, where an artwork would suddenly vanish if person forgot to renew a domain name. “ right now NFTs are built on an absolute house of cards constructed by the people selling them, ” the software engineer Jonty Wareing recently wrote on Twitter .

That ’ sulfur right : your digital leverage is just a link to a file somewhere, and nothing nothing AT ALL is stopping that connect from going dead. This wholly piece is a must read take down of the whole NFT mind, but obviously Dash struggles, as I do, with some well mean people who are however trying to find the top in the Ethereum .
And that brings us back to my DC NFTS ! After registering, I got an e-mail with a code which I redeemed on the FanDome locate. And then I waited for my NFT to be minted. ( Oh the accelerator fees ! ) And then on one glad day, I got an e-mail saying my NFT was ready .
Logging in to the DC NFT locate, I eagerly unwrapped my fresh, one of a kind artwork…an mp4 of a spinning diskette disk with a Dan Jurgens cover on it. With a shrink address and a Token ID that conferred ownership. Sort of. The DC NFTS are stored in a “ wallet ” somewhere, ( see above ) so the thing I actually own is somewhere knocked out there on the blockchain in the great metaverse of ideas .
dc nfts gif dc nfts gif
In the words of Peggy Lee, is that all there is ?
But that was not all there is!
It turned out, I could get a second DC NFT by tweeting about the first one ! I didn ’ deoxythymidine monophosphate actually mean to do this, since the debilitation and energy consumption of owning one NFT was quite adequate for one day. But when I clicked on the Twitter logo, the site thought I had actually tweeted ( I didn ’ thyroxine ) and started minting my second one .
One to own, one to trade ! After a few days, I checked back and certain enough there was my second base NFT, a classical Neal Adam Green Lantern/Green Arrow cover on a spin floppy harrow .
so yea. I ’ m the proud owner of these gen-yoo-wine DC non-fungible tokens. I ’ thousand going to have some people over to the house to show these off. Wine and cheese will be served !
This all happened a few weeks ago. As my inbox fills up daily with PR about this or that raw NFT free, I kept thinking about my little collection and the damn diskette magnetic disk. That had to mean something, properly ?
It turns out I had missed a key hint on the FanDome web site.

Screen Shot 2021 11 11 at 2.55.37 AM Screen Shot 2021 11 11 at 2.55.37 AM
“ Probably nothing. ” So was there more to these NFTs ? What is inside that diskette ?
Doing a little grok, I found that to make all these NFTs, DC partnered with Palm, a newish NFT studio that runs on Etherium, one of the major blockchain platforms that turns out the Eth currency. Or as the web site puts it :

Palm is a new NFT ecosystem for polish and creativity, built efficiently with Ethereum. The Palm ecosystem features low flatulence costs, fast transaction finality, and is over 99.9 % more energy efficient than Proof of Work systems .

According to the faq :

How is Palm a more environmentally friendly platform for NFTs ? Blockchain networks based on Proof of Work mine consume a batch of energy. This is by purpose, as the department of energy expended to process transactions is contribution of the security model that protects the network from manque attackers. Palm uses a different security model that ditches the high energy pulmonary tuberculosis and rather relies on a pool of know validators to secure the network from malicious third parties. While mainnet Ethereum has plans to phase out Proof of Work mine over time to a more environmentally friendly mechanism called Proof of Stake, Palm provides an immediate solution to the ecosystem that allows eco-conscious artists and brands to dive into the worldly concern of NFTs without the intemperate environmental footprint .

There ’ s more about crossing over the Palm bridge, but like I say, any meter people try to explain this, the jargon piles up. That ’ sulfur separate of the wholly psychology of the con .
It turns out that my two NFTs are ( sob sob ) COMMON. Palm and DC minted some 800,000 NFTs for Fandome attendees. But there were three levels of rarity. According to an AMA with Palm ’ mho head creative officeholder, the ratio was 65 % park, 32 % rares, and 3 % legendaries .
dc nft legendaries dc nft legendaries
It turns out not all DC NFTS come on a diskette magnetic disk ! Rares come on a “ compact disk ” and legendaries on the august “ projector drive. ” I like to think I know my antique data storage media, but I don ’ metric ton recognize these. A “ compact disk ” is a candle, that flat bright matter you put in your disused four hundred players. Palm ’ s “ compact phonograph record ” looks more like a Syquest drive, but not exactly…I guess I missed that one. I have no idea with a “ projector repel ” is so you can all school me in the comments. It looks like an inkjet printer cartridge that projects images like R2-D2 and whatever they were used for must have been buck angry .
Frame 28 6153da6bd75653.86220575 Frame 28 6153da6bd75653.86220575
And Palm recently ginned up more curiosity with another pinch about the hidden “ inside ” the NFTs .

The curio levels – and mystery about the NFT confidential message – has led to a fortune of speculating about future meditation for these collectible digital tokens. Over on the Palm discordance, people are tidal bore to sell them and live off the proceeds for the next decade or so. As for the mystery, some have guessed that each effigy has a code and person figured out it spells “ DC Infinite Earth ” – so this would seem to be some kind of “ Drink More Ovaltine ” consequence promoting a DC property. More to come, as we like to say .
Will these ever be worth anything ? Most DC NFT owners are tidal bore to start betray and deal, but that won ’ deoxythymidine monophosphate be allowed until early future year. People who have vouchers can still redeem them until January 22nd, after which the market will open up. They ’ re anxious about crossing the Palm bridge and missing the airdrop and whatever. Step three : net income !
Is it all a moment airheaded ? Of course. But so is infusing a fragile comic bible or a Mike Trout baseball wag with monetary deserving. It ’ s all a market of the heed. A reverie. Supply and desire .
so where did I end up on all this ? For one thing, I won ’ metric ton be selling my NFTs. I don ’ deoxythymidine monophosphate want to get any further in on the con – I feel icky adequate about going this far in. My own recurring daydream stems from the cognition that pandemic earned run average of zooms and chats and the loom Metaverse is a distribute less vibrant and memorable than then veridical, real world. I miss that world. I like looking at a slice of original art and seeing the hand and mind of the artist in it. The value of that is equally intangible, but indeed beyond a price. Is there truly some kind of eternity in this massive, endless code ? possibly the edgelord Johnny Mnemonics who are buying and selling things on the blockchain are onto something, a digital refreshment of our own roll care span .
Or maybe it ’ s just a scam all the way. At least I still have my spin phonograph record gif and whatever it represents. My piece of digital artwork sits in a wallet somewhere, which, as Dash pointed out, can vanish with one inauguration failure, just as floppy disks and Syquests are indecipherable now. This whole intangible moneymaking fad is good what these days demand, art as abstract, digital codes for an estrange, conflict time .

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