Winamp is currently doing NFT. Because you die long enough to die a hero or see yourself become a villain.
Announced in Extensive ridicule Winamp will auction the original skins of the media player on Wednesday as a one-on-one NFT at OpenSea. Bidding starts on May 16th and continues until May 22nd. After that, 20 more artworks will be on sale from May 23rd. About 100 of them were duplicated to create a total of 1997 NFTs (in favor of the year the program started). Each costs 0.08 ETH, which is about $ 225 at the current conversion rate. So if you sold all the 1997 NFTs, the total would be about $ 450,000.
These 20 designs are derived from the original Winamp skin and are selected from published submissions.
“Send us the derivative,” I read the Winamp website. “Our team of Winamp scientists will investigate all the cryptoArts that appear and select 20 derivatives to be sold as Winamp NFTs.”
Even if no submissions are selected, the terms and conditions of the contest grant Winamp a “worldwide, non-exclusive, royalty-free license to use, copy, and display art.”
If selected, the artist waives all rights to his work and assigns it to Winamp without revoking the copyright. Also, posting on social media is permitted, subject to the addition of a notice declaring that copyright and all rights belong to Winamp.
For fairness, the effort is probably for good reason. The Winamp NFT Initiative supports the Winamp Foundation, which funds charities such as the Music Fund to support musicians. Still, it is possible to support charities without resorting to the widely disliked blockchain technology.
I also feel that the charity is actually from the artist, not from Winamp itself. Eighty percent of the revenue from the initial sales of these NFTs goes to the Winamp Foundation, but only 20% is paid to artists, about $ 45 per NFT. At the time of resale, 80% will be sent to the reseller, 10% to Winamp and 10% to the artist.
Mashable is asking Winamp for comment.
Do you think cryptocurrencies are bad? NFT is even worse.
Launched in 1997, Winamp was the preferred media player for the early millions of millennials on the Internet. The program is renowned for its customizable skins, and users can choose from thousands of community-created options for desktop aesthetics.
Among those who hate Winamp’s latest moves is Justin Frankel, one of the original creators of the media player.
“I’ve spent the last few years giving Winamp owners a suspicious benefit.” Frankel tweeted In response to the announcement. “No more. You are terrible.”
Frankel elaborated on his website, stating:[s]Tron’s disapproval for multiple reasons. “
“The environmental impact is terrible, and because it’s a minus-sum ecosystem, more people buy it so that people who previously bought (or mined) it can monetize it. Everything that encourages things is bad, “he writes. “To make it clear that the skin itself has not been auctioned, the URL pointing to the skin has been auctioned. Created by IIRC. [Winamp co-creators] Tom [Pepper] And dormitory [Boldyrev].. “.
Until this week, Winamp still made many people feel nostalgic. Unfortunately, the general contempt for NFTs now seems to hurt memory.
