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“Should art be regulated by the SEC?” NFT artists file lawsuit (arstechnica.com)

submitted 3 months ago by Xatolos@reddthat.com to c/technology@lemmy.world

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[–] SnotFlickerman@lemmy.blahaj.zone 0 points 3 months ago* (last edited 3 months ago)

Yep, and that needs better regulation as well. Most of the "high-art" of the world is stupid shit literally used for money laundering, and NFTs just want a piece of that money-laundering pie.

Doesn't make either of them ethical things.

As someone else pointed out here in this thread, you can support an artist with a direct donation or by buying the art with cash. I personally feel like buying it through an NFT is an outright admission that you only buy art to make money off of it.