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ComfyDevil 😈
26.6K posts

ComfyDevil 😈
@comfydevil
collector | photographer | ~timeReaper~
judecca ⭕️ เข้าร่วม Mart 2013
5.6K กำลังติดตาม13.4K ผู้ติดตาม


@leventnacakci 🎯
the real art is the performative dance one does pretending to love the art to hide the real hope that the next person will pay more than you did
the art was loved only for as long as the price was beautiful
GIF
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The fact that something purchased for 375 ETH was later sold for 42 ETH clearly reveals how fragile and speculative this space is. When a work can lose that much value in such a short time, it becomes difficult to argue that its worth is rooted in artistic permanence. What we are really seeing is a valuation driven almost entirely by market psychology and shifting trends.
In essence, these works are less about art and more about the marketing of ownership and scarcity. Taken on its own, the visual does not carry a million-dollar level of meaning or impact.
It is more accurate to describe such pieces not as “art,” but as speculative collectibles of the digital age.
So what story is actually being told here? “An algorithm ran, and this output was produced.” That may serve as a technical explanation, but it falls short of being an artistic narrative.
The real story does not reside within the image—it is constructed around it: “early era,” “one of the first,” “on-chain generation,” “rarity.” These are not artistic elements; they are marketing language standing in for substance. The narrative, in this case, is not born from the work itself, but from the logic of the market.
A compelling artwork does not have its meaning imposed from the outside; it generates it from within. In a painting, you can often sense the artist’s emotional state. In a sculpture, you might encounter something fundamental about the human condition. Here, however, there is no visible human trace, no moment of tension or rupture, no meaningful engagement with the viewer.
Perhaps most ironically, the most compelling narrative is not the work itself, but its price history. The drop from 375 ETH to 42 ETH—this is the real story. Yet even that is not an artistic narrative; it is a financial one, the story of a bubble deflating.
In the end, there is indeed a story—but it does not live within the work. It is externally imposed, an ill-fitting layer that survives only through the meanings projected onto it. Which leads to an unavoidable conclusion: if a work’s story exists independently of the work itself, then it is not truly art—it is simply a well-constructed narrative.
vangoya@vangoyaa
This Autoglyph just sold for 42 ETH (~$91k). The seller originally bought it 4 years ago for 375 ETH. That is a -$1.1M loss. Wow.
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i got accepted to superrare
thanks @sabatobox
objkt.com/tokens/KT1KyPN…
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welp, i'm embarassed.
when deploying, i used the list generated by the "test lottery" script instead of the final scrubbed list.
this is correct. sorry for any hurt feelings.
apocalypseallocation.netlify.app/results.html
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wrt demand & relative price-accessibility…
modest editions mints and 6529 memes might be the closest analogs to ‘21 artblocks curated mint thrills
Modest@m0dest___
pushing the lottery / AL / mint to tomorrow. this is a beast. thanks for your patience. time will be announced with at least 6 hours notice. in the meantime, pay your taxes. ✖️💲
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ComfyDevil 😈 รีทวีตแล้ว

@RyanSAdams @toly absolutely shook seeing $xtz (tezos) get a shoutout in this list
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THEY DID IT.
The SEC and CFTC just dropped a landmark document that officially classifies crypto assets.
They're actually telling us which crypto assets are securities and which ones aren't - by name!
THIS IS SOMETHING GENSLER REFUSED TO DO
(he focused on prosecuting crypto out of existence)
This rule doc gives crypto many of the benefits of the clarity bill - it lifts us out of the gray market - it gives every asset a path.
It's almost like the Clarity act just passed by way of regulator.
(of course, the actual clarity act will harden all this into legislation and make it irreversible in the event we get another Gensler, we still want it)
This rule says there's 5 categories for crypto assets:
1) Digital Commodities - assets tied to a functional, decentralized crypto system (e.g., BTC, ETH, SOL, XRP, ADA, DOGE). Not securities. (yes, they name them on page 14)
2) Digital Collectibles - NFTs, meme coins, artwork tokens, in-game items. Not securities (fractionalized collectibles may be an exception).
3) Digital Tools - membership tokens, credentials, domain names (e.g., ENS). Not securities.
4) Stablecoins - payment stablecoins under the GENIUS Act are not securities. Other stablecoins, it depends.
5) Digital Securities - tokenized versions of traditional securities. Like tokenized stocks. Always securities.
Amazing! This makes so much sense I can't believe it's coming from a regulator.
No more enforcement threats to Ethereum developers and crypto exchanges.
How about the Howey test?
More common sense! If an issuer makes specific promises of managerial efforts from which buyers expect profits, the offering is a security until those promises are fulfilled. Then it's a commodity. The asset itself was never the security, the deal around it was. (E.g. XRP was a security pre launch, became a commodity after).
How about stuff like staking and mining?
Mining? Not a securities transaction.
Staking? Also not a securities transaction, that includes custodial and liquid staking even with LSTs!
How about wrapping BTC? Not a securities transaction.
Airdrops? NOT SECURITIES. NO MORE GEO BANS PROTECTING AMERICANS from free airdrops.
Remember this is a joint doc from the SEC and CFTC, They're actually cooperating on this, no internal strife, this is binding to both.
SEC regulates $80-100 trillion assets
CFTC regulates $5-10 trillion assets
Both of the world's largest capital markets are showing us that crypto assets are here to stay and they're welcome alongside traditional assets.
Every country will follow.
This is the biggest move toward legitimacy I've seen in all my time in crypto. Maybe bigger than the genius act since is covers all crypto assets.
Well done @MichaelSelig and @SECPaulSAtkins.
And especially well done to the indefatigable @HesterPeirce. Her fingerprints are all over this, couldn't have happened without her eight years of principles-based curiosity.


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ComfyDevil 😈 รีทวีตแล้ว


The Great Restoration
Sold to gpebbles.eth for 16.9 ETH ($33,845.38 USD)
brokered by @eli_schein
escrowed by @MuseFacktory
opensea.io/item/ethereum/…

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@AP0CALYPSE it’s easy to remember how many when that number is small tho
…hypothetically speaking 😳
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@DolcePaganne @1dontknows Well I can also appreciate that the numbers indicated on the faces of the die are legitimate in therms of arrangement.
it’s sometimes the small details that can have profound effects 👏
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@comfydevil @1dontknows Haha unfortunately at this point I have to be fair ser🫡 but somehow your comment totally summarized the whole point of the work as well except this little mirror lettering thing.
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@1dontknows I know, you are literally the first who mentionned you noticed it actually🖤🙌
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