Noviol

Lately, every time I check into fxhash Discord, it feels less like an art community and more like a crypto trading floor. Conversations revolve around tokens, prices, speculation, and momentum. People are now discovering at their own expense that providing liquidity can lead to something called impermanent loss, whatever that actually means. Meanwhile, the art seems to be quietly falling behind, like it showed up late to its own party. The renewed energy is refreshing. It's good to see people excited again. But that excitement only came back when token values began climbing. If enthusiasm depends on financial upside, what happens when the market turns the other way? History suggests it won’t be art that keeps the lights on. There is also this romantic idea floating around that artist tokens give collectors exposure to an artist’s full creative journey. It sounds inspiring, but in reality, it is a stretch. Most artists are not offering access to everything they make across different platforms, mediums, or projects. Doing that would mean dealing with legal gray zones and ownership complications that few are willing to touch. In practice, these tokens are tied to what artists might choose to publish using the token in the future. If they feel like it. It is not a lifelong membership. It is a soft maybe. Tying artist tokens to the price of a volatile base token creates a compounding effect. When the main token rises, all connected artist tokens benefit and gain visibility. But when that token drops, they all suffer, often disproportionately. The situation becomes even more fragile when the base token is held by speculators who have no real interest in the art. Their trading decisions are based purely on profit, not on creative value. Once they shift their attention to more profitable opportunities, the art tokens can be left behind, devalued not because of what they represent, but because they were caught in the wake of someone else’s exit. Scarcity can boost value, but it can also suffocate utility. A deflationary art-minting token that becomes too valuable risks becoming unusable. When no one wants to spend the token, the ecosystem freezes. What started as a place for creativity slowly transforms into a speculative bunker. Traders come in fast, take what they can, and leave. Those who stay behind are often the ones who believed most, now left holding the weight of that belief. And yet, what are the alternatives? I don’t really know. Doing something is still better than standing still, and this direction deserves credit. But it feels too early to call it a success. The results will speak in time. It is worth noting that in the past, traders had to mint the art to profit. Now they can just skip that step and trade the token directly. And let’s not forget that low liquidity makes a token far more vulnerable to price manipulation. Throughout history, true artists have played a crucial balancing role. Their instinct to question authority, break rules, and challenge systems has shaped who we are, both culturally and ethically. But the world has changed. Social media, engagement metrics, and an addiction to constant positive feedback have flipped the script. Now, if you speak out of line, you’re punished faster than you can blink, and the scars tend to stick. I saw it happen when I spoke up during the collapse of Hic et Nunc, trying to defend the work of those who helped build it and warning about the imminent “take the money and run” move that was clearly coming. But of course, the blame was quickly shifted to the usual suspects, the ugly capitalists, always ready to cannibalize the pure of heart. For this reason these words sat in my notes for days while I weighed the cost of sharing them. But then I remembered what I stand for. If artists stop speaking their truth, all that’s left is a self-congratulatory echo chamber, a D'Annunzio sucking his own dick. Even with all this in mind, I will probably join the ride too. Without liquidity there is no market, and without a market, artists cannot thrive. But I am a trader at heart, and I have learned not to idolize any token model. Only realism survives in this decentralized arena where everyone is out for themselves. I truly wish the best for this project. The people behind it have kept building and supporting through the highs and the lows. What made the Tezos days special, however, was that the culture was mainly centered around the art, not just around shilling. I hope that spirit finds a way to continue in this next chapter. But I am also aware of the environment. In shark-infested waters, only sharks tend to make it out.

Last Edition to SOLD OUT Presenting the beautiful Tea Plantations of Nilgiris Layers of Hope 6.50 ꜩ (1/20 Editions) Link In comment Location: Nilgiris, India Equipment - Nikon D810 + Nikon 24-70mm