NFTs
NFTs
Out of context: Reply #550
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- hardhat-1
I’ve been trying to get my head around this, but are NFTs (sometimes) similar to trading cards? I know some drops are hidden/unknown so it’s like you’re buying a closed pack of <Pokémon / Topps baseball / whatever> and you might get a super rare one.
Or am I incorrect?
- NFTs are non fungible they are all equally rare.palimpsest
- yesdopepope
- ^ not entirely. You can do sets of one. like 200 of the same image. Yes, they are individual, but visually they're the same.dopepope
- ^and the "1 of 200" is more valuable than "199 of 200"?********
- The image or the NFT?palimpsest
- also what if u change 1 pixel in each version and still sell a 100 set of one = all different, even if they look 99,999999% the same? :)********
- It's similar to trading cards I think, but my mate described it as a slightly more fun way to trade crypto.
I also see it as money laundering with jpg'sPhanLo - OR if you mint 101, sell 100 set but keep 1 as "the first" or "original" would that be more valuable still? Even if all look the same?********
- @grafician
NFTs don't have pixels, you can't change a pixel in an NFT.palimpsest - Talking about the JPGs ofc :)
As 99% of the people buying NFTs think they're buying the actual image******** - so again, "1 of 100" is more valuable than "99 of 100" even if the JPG sold is the same image?********
- In that case, yes.
But 69 and 420 are more valuable in a set of 500.palimpsest - All this is like the comic books "first editions" scheme of Batman, Spiderman etc. but printing 1 million of them so everybody who got one can feel special lol********
- @pali so if 69 and 420 are more valuable how can the NFTs be equally rare?
It's the same JPG after all no?******** - All this is fake digital scarcity lol
For actual trading cards, you can sell for big $$$ only mint condition cards. That's pretty much the only condition...******** - @grafician
Q: "how can the NFTs be equally rare?"
A: "In that case". In the case that we treat the images as the NFTs. Otherwise my original point stands.palimpsest - In the case that NFTs are NFTs all NFTs are equally rare.
In the case that NFTs are something outside of NFTs then anything goes.palimpsest - But I see what you are getting at. JPG number 1 isn't rarer than JPG 99.palimpsest
- To me, it makes more sense giving more value to JPG 69 or 420.palimpsest
- All JPGs are equally rare. I cede the floor.palimpsest
- Haha yeah, well maybe this is why normal people don't get NFTs...it's all monkeys logic********
- What I like about them is that they are a satire of speculation. And in good satire half of the people aren't in on the joke.palimpsest
- Most certainly way more than half in this case********
- Maybe I meant “100 images produced, but only 5 or 6 are the big name players, with 10-15 well known ones, and the rest are shit/less desirable”hardhat
- Does that make more sense?hardhat
- If you don't know what you are buying then it is like a closed pack of cards. Still doesn't make any card more rare.palimpsest
- You can fabricate rarity:
https://www.qbn.com/…
https://www.qbn.com/…palimpsest - My opinion is that anything outside the NFT is just a selling point for the NFT.
An NFT has no pixels.
Anything goes.palimpsest - Not “rare”, more “desirable”hardhat
- I don't think you're even trying.palimpsest