June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

Ye Scoffs at NFTs, Saying He Makes “Real Products in the Real World”

Published 02/02/2022, 10:00 AM
Updated 02/02/2022, 10:30 AM
Ye Scoffs at NFTs, Saying He Makes “Real Products in the Real World”

One of the most important questions that’s rises nowadays is about where the threshold lies between the real and virtual world. Smartphones and social medias are so deeply ingrained into our lives that it’s hard to imagine life without the internet.

The same goes for music: now longer so we buy vinyl records, tapes, or even CDs in this ever evolving technological world. When we buy a new album, we don’t get a physical representation along with it. Moreover, in the era of streaming services, we’re not even buying the songs themselves anymore but rather a right to the temporary usage of the music for our enjoyment, with certain stipulations.

One of the most influential musicians of the 2000s, Ye, formally known as Kanye West, recently posted a handwritten message to his Instagram account:

View this post on Instagram A post shared by ye (@kanyewest)

It seems like the rapper messed up the terminology a bit. Of course, everybody understands that Ye meant he wouldn’t be releasing hollow NFT collections just to make money as, happened with some other stars, and this position deserves respect.

Indeed, blockchain technology and NFTs should be used where appropriate, in order to bring additional benefits to the art itself. using blockchain just for the sake of using blockchain doesn’t really have a purpose.

On the other hand, music and NFT art have a lot in common these days – neither are something you can physically hold. The privilege of music is that it has more influence on the real world, as well as on us emotionally as human beings.

Either way, in the end, Ye signed off, “ask me later.” Is it simply a slightly sarcastic pinch for the haters? Or maybe, just maybe, was he hinting at some future plans? All we can do is wait and see.

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.