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The value of this art is all hot air.
A Brooklyn-based director is mocking and simultaneously trying to cash in on the cryptocurrency craze for non-fungible tokens (NFTs) by selling for a year of quarantined recorded fart audio clips.
“If people are selling digital art and GIFs, why not sell farts?” Alex Ramírez-Mallis, 36, told the Post about his great addition to the blockchain-based NFT marketplace.
His NFT, “A Calendar Year of Saved Farts,” began incubating in March 2020 when, at the start of the global coronavirus lockdown, Ramírez-Mallis and four of his friends began sharing recordings of their farts in a chat. group on WhatsApp.
On the first anniversary of the COVID-19 quarantine in the United States this month – at this point Ramírez-Mallis said he could almost identify group members by their farts alone – Ramírez -Mallis and his fishing companions compiled the recordings into a 52 – one minute “Master Collection” audio file.
Now the best offer for the file is currently $ 183.
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Individual fart recordings are also available for 0.05 Ethereum, which is around $ 85 a pop. The gas group has so far sold one to an anonymous buyer.
“If the value goes up, they might have an extremely valuable fart on their hands,” he said.
Ramírez-Mallis and his friends didn’t start recording their farts with profit in mind, but the recent NFT craze – which saw ownership of abstract assets being sold for seven- and eight-digit price tags. – provided the “perfect outlet to share” Their large catalog of farts.
The ridiculousness of all this is not lost on the resident of Flatbush.
“The NFT craze is absurd – this idea of valuing something inherently intangible,” Ramírez-Mallis said, referring to screenshots of screenshots and the concept of colors that are currently sold under the name of NFT. “These NFTs aren’t even pets, it’s just alphanumeric numeric strings that represent ownership.”
The NFT trend has made the concept of selling the idea of property acceptable and profitable to the masses very online, he continued. Indeed, he is not even the only one to sell fart NFTs.
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Knowing that the concept has turned into madness, Ramírez-Mallis still hopes to profit from it.
“I hope these NFT farts can both criticize [the absurdity], make people laugh and make me rich, ”he says.
But, he admits, there is historical precedent for the concept of NFT.
“In many ways it’s a bubble, but it’s been around forever, too,” he said, comparing NFTs to wealthy art collectors who buy expensive works, store them, and only display their certificate. of property and then resell it for more money. “The buying and selling of art purely as a commodity to store value has been around for centuries, and NFTs are just a digital means of representing this transactional nature of art.”
A consultant for Ramírez-Mallis’ NFT fart agrees and says he offered to help Ramírez-Mallis on some technical aspects of the project because he appreciated his “silly but necessary” critique of the NFT phenomenon.
“By purchasing an NFT, you are part of the crowd of a technological novelty that masquerades as revolutionary but functions in the same way as the existing art market,” said Grayson Earle, friend of Ramírez-Mallis and Creator of the Bail Bloc cryptocurrency project.
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While Ramírez-Mallis and Earle admit that the digital art behind NFTs is often intellectually and visually fascinating, they dispute how quickly they get much more on their price than their creative value.
“Art is just an avatar of value,” said Ramírez-Mallis, noting that behind this crazy market there are no digital art lovers, but people who are trying to get rich. quickly as speculators.
“There’s this old adage, ‘Why don’t they just take the money out? “Ramírez-Mallis said,” and that’s really the embodiment of that. “
To learn more about the New York Post, click here.
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