Own A Color

Most Irreal readers are, I’m sure, like me in their skepticism of the NFT concept. It just wreaks of a scam to me and the most generous way of describing it is as a reincarnation of the Netherlands famous Tulip craze but without the flowers.¹ Of course, it’s a verity in life that things can always get worse and this holds in the NFT domain as well.

Now, an enterprising innovator has expanded the NFT concept to the selling of colors. Just imagine, you can own a color and anyone using that color in an NFT would have to pay you. It’s like the spawn of a mutant copyright law and Brooklyn Bridge grift: Let’s take something that belongs to us all and use copyright law to claim we own it.

It’s not quite as outrageous as it seems because the “ownership” would apply only to colors used on NFTs within the Color Museum NFT marketplace. But why would anyone do this?

Let’s say you have a crude picture of an ape that you want to offer as an NFT. You could choose to sell it on the Color Museum marketplace and pay a fee for whatever colors you happen to use or you could sell it in a marketplace such as OpenSea that recognizes colors belong to us all.

Really, the whole thing—whether or not you’re trying to sell colors—is just silly and no one who values their time or money will have anything to do with it. For the others, I have a bridge they may be interested in.