Ever wondered how a decentralized money market *actually* works? Well, let us tell you:
BitcoinArt, who chose to remain anonymous, is among the few Bitcoin artists Cointelegraph spoke to who had also dipped their toes into the world of NFTs. He told Cointelegraph that he did manage to sell a couple of NFTs of his Bitcoin-related artwork but didn’t enjoy the medium or the concept:
“I made some awesome Bitcoin pictures and wasn't sure how to mint them and someone told me to mint on OpenSea, unfortunately they use ETH... But good news is I sold my nfts through Twitter for SATs instead and I cut the middle man out. I hate ETH.” A recurring theme by this point, BitcoinArt prefers having one-on-one interactions with prospective customers; he enjoys the back and forth that comes through discussing art pieces.Lena also prefers the personal approach; she builds a connection with her clients and spends hours sketching, painting and painstakingly perfecting customers’ visions. In Lena’s words, the time spent on her art is a reflection of proof-of-work, the consensus mechanism that underpins the Bitcoin protocol.
Interestingly, a search for “Bitcoin NFT” on OpenSea yields more than 70,000 items. For Lena, the door is still open: “NFTs could have use cases in the future but the way that NFTs are right now, it doesn’t feel right,” she conceded.
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