NFTs
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- Ramanisky22
- Buyer was drumroll... Justin Sun... womp womp. Good for Beeple though... that's a life changing amount of money if it all clears.jonny_quest_lives
- https://observer.com…jonny_quest_lives
- twitter still says "mystery buyer"jonny_quest_lives
- https://markets.busi…jonny_quest_lives
- <
beeple finding out his "artwork" got bought by a crypto gangster as a PR stuntgrafician - ^ah sorry, not the artwork, but the metadata for the artwork my badgrafician
- Investing in memes was a joke for a while. So cool that it’s reality nowGnash
- Paid in Ethereum... Good luck cashing that out.jonny_quest_lives
- ^exactly this! LOLgrafician
- Epic tweetGuyFawkes
- ^he'll sell this tweet too soon enoughgrafician
- autoflavour2
Beeple just made 69 million selling this artwork a day.., 5000 pieces in a mosaic..
fucking nuts
- ....reminds me of a story I heard about tulips...formed
- get a second account, bid on your own art, thats how u get into the game for sure.neverscared
- Is this for fucking real? $69 million?????NBQ00
- AwesomeGuyFawkes
- pablo282
Are NFTs the Next Tulip Bubble? https://news.artnet.com/opinion/…
- Well how many artists do you know that are good at selling their art? 0.1%?
Right, the rest will got into NFTs thinking they'll get lucky richgrafician - WHATS THE ADVICES?? :-oBennn
- NFT's = The Go Fund Me for Artists/Designers... Change my mind.jonny_quest_lives
- Have no problem with artists getting paid ofc, the problem is the huge energy toll required!grafician
- even if we ignore the ecological impact, this is a fucking lottery, and it's one with zero regulation/curation.jonny_quest_lives
- mass art theft/copyright infringement with people stealing people's art and minting it as their own NFT.jonny_quest_lives
- all on the premise/delusion that an NFT will validate authenticity in some mannerjonny_quest_lives
- i already regret minting a a piece.. it seems too hyped...wonder how many fake profiles on twitter are telling lies.neverscared
- on opensea..neverscared
- Well how many artists do you know that are good at selling their art? 0.1%?
- dopepope2
Artstation offered to sell NFT's, then in less than 6 hours bowed to pressure on Twitter, and pulled the plug.
- Well, that escalated quickly.palimpsest
- why did Twitter care?dkoblesky
- Because they are commie tree huggers. People started closing their accounts.palimpsest
- Well they announced it on Twitter. So, twitter did what twitter does.dopepope
- That's the problem with kids these days they care more about virtue signaling than money.palimpsest
- I understand absolutely nothingdrgs
- I still do not get why twitter would care....dkoblesky
- LOL. Twitter is not a person, it's the people ON Twitter. It's where people go to voice their opinions.palimpsest
- oh so....people on twitter got angry about Artstation selling NFTs? jeez they should have ignored that. Artstation could probably do really welldkoblesky
- Fax_Benson2
I don't know anything about this stuff. Is this right?
- To summarize the article: instead of waiting implementation of PoS we should just completely stop using blockchainszaq
- https://www.coindesk…ESKEMA
- digital art is now snapping the planets neck on piece at a time.neverscared
- yes, this is right. NFT is unethicalnuggler
- ESKEMA2
The point of an NFT, is digital ownership of a digital item, unique or in limited supply, or simply as an authentication mechanism.
In simpler terms, imagine you can buy a sword on a game, that is really unique, but instead of just beeing in game, it is connected to your wallet and you can sell it / transfer it, and maybe that sword also works in other games, etc.
In the art world, it can combine proof of ownership and the art itself. You can for example issue a token when you sell an art piece, so you have cryptographic proof that you own an original, or the art itself might be contained in an NFT, or require that you have a certain NFT for the art to operate or whatever you can imagine.
In the short term, it is people abusing the vast amount of money thrown into the space. Huge opportunity for the art / design / media creator space.
Art = Collection
This batch is part of the first generation of NFTs, I'd imagine collectors of the future might be interested in some of those...
- Once minted, that item will also make you money in royalties with every resale.dopepope
- Meta verse here we come.jtb26
- what's interesting is the best use case for this is actually LEGO... Securing one of a kind LEGO model kits in limited numbers like the LEGO Creator Kits.jonny_quest_lives
- fortunately for us though LEGO is so nice they post all their instructions so you can build any of their released sets you're just responsible for the partsjonny_quest_lives
- Thx for this eskema.sea_sea
- PhanLo1
- https://twitter.com/…PhanLo
- Absolute car crash this.
Tezos has millions at their disposal and this is how the art is presented!microkorg - reminds me of the mid 2000's street art gallery scene, loads of money kicking about, absolute worst presentation.PhanLo
- Just needs some LED wall and a bit of projection.PhanLo
- I still can't believe that people are still promoting and try to sell this bullshit.utopian
- https://twitter.com/…PhanLo
- shouldn´t the pole be inside a jail with all the fraud and crime thats happening in crypto + nft it would be more authentic for sure.neverscared
- neverscared3
Scientists studying the birds in Antarctica have found they snooze for 11 hours a day without falling deeply asleep
10,000 naps a day: how chinstrap penguins survive on microsleeps
- oops ... that would have belonged to the nature of the day thread... nfts dont sleep they already dead..neverscared
- Nonstop Frosty Time-outskingsteven
- neverscared3
Remember Bored Apes? They're Almost Worthless Now
Bored Ape Yacht Club Owners Restructuring Emblematic Of NFT Shakeup; Billions Lost In Value
Let’s pretend you wanted to play the Bored Ape Yacht Club game or be part of their community. You like the drawings. You went to their restaurant in Long Beach, California, during Covid. You’re a fan. You go here to get started. But to join the club, you need to buy an ape. The initial collection sold out, so now you are buying from speculators. To buy one, you need to go to Open Sea – the world’s leading NFTNFT 0.0% marketplace — and start shopping. I see one I like. It’s this sailor dude looking like he’s about to say “Forbes”.
- neverscared2
Your NFTs Are Actually — Finally — Totally Worthless
New report from industry researchers finds that 95 percent of the once-hyped crypto assets have hit rock-bottom valuationA TEAM OF researchers have crunched the numbers to explain why you don’t see people hawking ugly cartoon apes on the internet as much anymore: NFTs, or non-fungible tokens, once vaunted as a revolution in crypto and digital art, are largely worthless.
“Dead NFTs: The Evolving Landscape of the NFT Market” is a new report from dappGambl, a community of experts in finance and blockchain technology. Upon analysis of 73,257 NFT collections, the authors found that 69,795 have a market cap of zero Ether (ETH), the second most-popular cryptocurrency behind Bitcoin. In practical terms, that means 95 percent of NFTs wouldn’t fetch a penny today — a spectacular crash for assets that reached a trading volume of $17 billion amid a frenzied bull market in 2021. The study estimates that some 23 million investors own these tokens of no practical use or value.
- weren´t they worthless in that range all the time... with 90%washtrade and the high amount of scams...?!neverscared
- Say it ain't so!palimpsest
- Too bad I couldn't have bet on their downfall, would have made a killing. Crypto is next.formed
- crazyprick5
RIP
- PhanLo1
- Base ticket was only £599PhanLo
- sad_trombone.wavContinuity
- Hilarious the school-AV setup as the exhibition.microkorg
- Lol. Maybe the ticket price was a fraction over priced.shapesalad
- Look at that list of speakers. They were literally giving each speaker a FREE VIP ticket priced about £1300. then expecting punters to pay £599...microkorg
- ...to pay for everything and cover the costs lol.microkorg
- neverscared2
A hacker just stole $185,000 in crypto from actor Bill Murray that was destined for charity
Hours after the closing of Bill Murray’s NFT auction that raised 119.2 ETH (around $185,000) for charity Thursday, a hacker stole the funds.
The hacker started to drain Murray’s personal wallet at around 7:00 p.m. ET on Thursday, according to on-chain data from Etherscan and details from Murray’s team. The unknown individual also attempted to take non-fungible tokens from the actor’s personal collection.
- neverscared1
NFT Trading Volumes Collapse 97% From January Peak
Trading volumes in nonfungible tokens -- digital art and collectibles recorded on blockchains -- have tumbled 97% from a record high in January this year. They slid to just $466 million in September from $17 billion at the start of 2022, according to data from Dune Analytics. The fading NFT mania is part of a wider, $2 trillion wipeout in the crypto sector as rapidly tightening monetary policy starves speculative assets of investment flows.
- why purchase a dumb drawing of a bored ape when I can get DALL-E to make me hundreds for free?_niko
- ^ self healing technologykingsteven
- soon.gifutopian
- Mostly opensea volume. Yes, washtrading is down 97%
Elsewhere jan/feb $300k-500k vol on fxhash, $900k last week.microkorg - (sorry 300-500 average each week jan/feb)microkorg
- microkorg3
eBay acquires KnownOrigin
- eBay betting against Gates.microkorg
- there is so much shitwork on knowing origin..it makes sense to go to ebay.neverscared
- Krassy2
NFT sales are tanking and down 92%
- As predicted
Clownsgrafician - That's a great one-sided article.microkorg
- it´s inside not one side..neverscared
- As predicted
- neverscared1
- Just a trend, just a fad...grafician
- Just a start - the tech is powerful, we just need to understand how to use it best.shapesalad
- links to a file, in a public database? wow so powerful :))grafician
- it's more than links to files in public databases, derpmonospaced
- @monospaced explain...grafician
- comforting comments by mono, brodoesnotexist
- omfg, there are dozens of pages here detailing how an NFT isn't just a link to a filemonospaced