2/18/2023 0 Comments Dell power manager reddit![]() Then, the individual artists could suffer, not benefit, from the updates, leading some artists to distrust Meta's push into the space.Īustralia-based artist Serwah Attafuah previously was wary of Meta’s entry into NFTs, but in the past few months, she has come to appreciate Meta’s release of relatively minor features during the downturn. He also joked about big tech’s NFT features as an additional mainstreaming of the technology: “NFTs were like the new indie band in town that everyone loves, that only the cool kids knew about, and now, everyone knows about it, and it’s not cool anymore.”īut his quip underlies a more serious concern: When something gets big, giant corporations are going to want a share-and Alders is worried the “corporate conglomerates and big brands” are the ones that will make the most out of the new NFT features. Jay Alders says making NFTs, a combination of art and technology, just makes sense because there has always been two sides his personality: The surfer-skateboarder and the tech nerd (who, in fact, rewired with his garage opener to open his neighbors' garage doors for fun as an elementary school kid). “If companies like Meta are really getting into it, it shows you that there is longevity and stability,” says Jay Alders, a painter and NFT artist known for ocean-inspired work that blends surrealism, cartoon art and traditional painting. When big, mainstream tech companies with billions of users support NFTs with new features, it could be an indication that NFTs are here to stay, a message amplified by releasing them during a market downturn. Some NFT artists told Forbes that they actually appreciated the timing of the release when the market isn’t as hot as it was last winter. Discord was also an early gathering place for NFT enthusiasts, although it ultimately shelved its plans for crypto-related features in response to concerns about NFTs’ high environmental impact (one digital artist calculated that mining a single Ethereum-based NFT used enough energy to power a house in the United States for nearly five days).īut until this summer, after the initial cloud of hype had passed, Instagram, Facebook and Snap had not yet done much product-wise to support NFTs. TikTok and Twitter released features supporting NFTs in September 2021 and January 2022, respectively. Reddit rolled out its own NFT marketplace of sorts at the peak of the boom last year, making it one of the first large social platforms to enter the space. ![]() Some companies managed to catch the NFT wave as it crested. In turn, social media sites have been instrumental to digital artists big and small trying to market their NFT work. Users, namely celebrities and influencers with millions of followers like Bella Hadid, Paris Hilton and Snoop Dogg, helped drive NFT hype among the general public by sharing their NFTs on platforms like Twitter and Instagram. Social media companies’ formal entry into the NFT space makes a lot of sense, given how integral social media platforms have been to NFTs’ rise in popularity. Tim Rathschmidt, a communications director for Reddit, declined to comment on the timing of the company’s release during a crypto winter but wrote that the company prefers to focus on “how the blockchain can benefit users and artists on Reddit … rather than the level of hype around a technology.” That could help explain why Reddit’s July launch of a fixed-price “collectible avatar” marketplace avoided the word “NFT” entirely. Edward Dowling, a product manager on the creator blockchain experiences team at Meta, told Forbes via email that the company started work on the NFT features prior to the market’s peak last November and that they’re part of Meta’s goal to help creators monetize in as many ways as possible.
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