NFTs Allow Artists to Become 'Little Capitalist Assholes,' Says Ambient Music Pioneer
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Main page Opinion, Crypto Market, NFT
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Dec. 20, 2021
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Brian Peter George St John le Baptiste de la Salle Eno, 73, a pioneer of ambient music, has criticized the craze about non-fungible tokens (NFTs) saying NFTs are just a way for artists "to get a little piece of the action from global capitalism." In an interview with Crypto Syllabus, Eno said he does not get what cryptocurrencies have brought into the world that makes any difference to anything "other than some strings of numbers moving about in some bank accounts."

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"I want to know what is changing, what is being made different, what is helping, what is moving? I do not see any answers to that question," Eno said.

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Speaking about NFTs, Eno described his own term of libertarians who define what is right and what is not for the world. He says these people follow the so-called "automaticism" ideology where people would rather rely on a market-driven and uncontrolled things that will automatically get a better result than you would by tinkering with it. He added:

"The people who hold beliefs of this kind do not have any qualms about tinkering themselves but just want a situation where nobody else gets to tinker. Especially the state."

He also added that nothing has convinced him to make anything NFT-related so far that would be worth anything as he personally considers NFT fans as "little capitalist assholes." So far, Eno mainly sees "hustlers looking for suckers" in the cryptocurrency market.

In November, Royal, a musical platform that allows users to purchase the right to earn royalties from favorite songs, closed a $55 million Series A funding round led by a16z. According to 3LAU (Justin Blau) Royal CEO, other investors such as NEA's Connect Ventures, Crush Music, Founders Fund, and Paradigm also participated.

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The platform plants to use the funds to invest in the "growth of its ecosystem as thousands of artists, from household names to up-and-comers, have reached out to work with Royal."

Brian Eno is a British musician best known for his pioneering work in ambient music. He helped introduce conceptual approaches and recording techniques to contemporary music. Eno also has been described as one of popular music's most influential and innovative figures.

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