WTF is Crypto Art?
- MaxCollinsII
- Art Connoisseur
- Posts: 809
- Joined: Mon Dec 23, 2013 9:42 pm
From what I read in the forums, Nick Chastain was dealt with for his Opensea marketplace transgressions. What that really means? Only a few people really know and I am not one of them. The beauty and the curse of a blockchain
The Original Pure Hemp® Rolling Papers made in Spain, unlike some of our competitors
PartPat: "All of Eb is one big mondo joke really."
PartPat: "All of Eb is one big mondo joke really."
- ygolohcysp
- Art Expert
- Posts: 2627
- Joined: Wed Jun 04, 2014 12:57 pm
PREACH
one of my favorite things about it all, it's all public knowledgeMaxCollinsII wrote: ↑Thu Sep 16, 2021 10:23 pmFrom what I read in the forums, Nick Chastain was dealt with for his Opensea marketplace transgressions. What that really means? Only a few people really know and I am not one of them. The beauty and the curse of a blockchain
Someone publicly mentioned me on FB the other day. Something along the lines of oh so Joe is ok with this but not flipping posters (because I canceled orders in the past)..
Personally I've always understood the idea of flipping. It's a big part what drives the market. I was just always canceling orders for people who didn't have it in hand first. I've always said that. I can't speak for other galleries but once a poster is in hand, there is nothing anyone can do about it.
You guys see the emails we get from rude buyers but there is a whole other group of emails of people yelling at us about instant Ebay flips. Its something that if I can help out them, I give it a shot.
With NFTs, once you mint, its instantly yours. You can do whatever you want with it.
Sucks about Nate. I actually liked him a lot. He had to have lost about 8-9 figures due to this.From what I read in the forums, Nick Chastain was dealt with for his Opensea marketplace transgressions. What that really means? Only a few people really know and I am not one of them. The beauty and the curse of a blockchain
Nate was head of product of Opensea. Really active in the community.
Opensea is a marketplace. They also do this fun thing where they feature new artists on the homepage. Def helps promotes the artist and they tend to sell well.
He was in charge of curating it and was caught basically buying their pieces before their feature then selling them instantly when it was up.
I think it was sort of known for a while but this past one went beyond discord and went viral. Opensea made a statement and he resigned.
I imagine everyone does it there because they just made new rules about it.
- earlgreytoast
- Art Expert
- Posts: 9368
- Joined: Fri Nov 05, 2010 1:14 pm
Greed is a powerful drug. Couldn’t be content making the little bit of extra money he was making and that’s why he’s gone. But alll those ducats are already in his accounts, not gonna shed a tear for him. Personally, I’ve always just assumed that almost every gallery or curator that handles flippable products does this to a certain extent, and I don’t begrudge them that extra cheddar one bit.
Codeblue wrote: I’m sorry for everything.
Many "galleries" with limited editions keep an archive, which they sell down the road, but I don't know of any legit ones that are flipping their fudge either on the drop or right afterwards. Then again, I guess tiered pricing could (and should) be considered dat. As for low wage employees who work shops like Supreme, dats prolly unofficially considered part of their compensation.
RupertPupkin wrote:I live by this rule and this rule alone: people are drymounting idiots.
Nike’s Resell Scandal and VP Ann Hebert’s Resignation
https://www.complex.com/sneakers/nike-a ... explained/
https://www.complex.com/sneakers/nike-a ... explained/
i mean do it. just be up front about it. nothing wrong with saving for staff and gallery. it's the hiding and back door dealing thats the issue.