VIP Class Notes (Tibo)

NFTs

opensea.io (biggest one)

super rare (selected artists)

I want to go to the art exhibition yesterday and I check the app but there is not many art exhibition these days

some people in the auction house are agents

I created the painting and I sell it to you and you sell it to other people

I think I am buying art.

most of artists doing NFT are from

I think I own the picture it is clear.

why did they burn the painting to prove the NFT work is from themselves.

not every painting if they are not good enough

historical value equals time value

the historical value comes from how long ago the piece was created

I wanted to go to the art exhibition yesterday and I checked the app but there are not many art exhibitions these days

some people in the auction house are agents

I created the painting and I sell it to you and you sell it to other people then I get a comission each time the painting is sold.

I think I am buying art.

most of artists doing NFT are from many countries.

I think I own the picture it is clear. / the proof of ownership is on the blockchain

why did they burn the painting? Was it to prove the NFT work is from themselves?

not every painting will be sold, it need to be good enough

the historical value comes from how long ago the piece was created

Vocabulary

punk (n)朋克
he likes punk style clothes

anonymous (n) : you don’t know their name
The artist is anonymous on the internet

token (n) 代币
They made a token

NFT (n) ：Non Fungible Token : art on the blockchain
I bought an NFT

auction (n)拍卖
I bought the painting at an auction.

to bid (v)投标
I decide to bid USD 10 for the painting

auction house (n) company managing the auction
the most famous auction houses are Christies and Sotheby’s

to explode (v) become very popular
NFT are starting to explode

gif (n) : moving picture
It is an internet gif

fungible (adj): easily replaceable
I give you 1 note of CNY 10 and you give me 2 notes of CNY 5, they are the same because money is fungible.
Art is not fungible, there is only 1 real Mona Lisa.

blockchain (n) 区块链
NFTs live on the blockchain