NFTs
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- neverscared3
Indonesian student's selfies fetch $1 million in NFT sales
An Indonesian college student has become an internet sensation after trade in the digital rights to his selfies fetched more than $1 million on a platform for non-fungible tokens.
Sultan Gustaf Al Ghozali, who studies computer science at a university in the central city of Semarang, has taken a picture of himself sitting in front of his computer almost every day for the last five years.
https://www.france24.com/en/live…
well earned.
- 'What?! I could've done that!'
- but you didn't!
well earned :)microkorg
- 'What?! I could've done that!'
- neverscared0
Investors riding the NFT craze are facing billions in taxes
The NFT market has ballooned to $44bn, Chainalysis data shows, and rules about taxing the tokens are not clear.Investors and creators of nonfungible tokens – a market that has ballooned to $44 billion, Chainalysis data show, and attracted fans from Justin Bieber to Melania Trump – face billions of dollars in taxes and rates as high as 37%, according to tax experts. Internal Revenue Service officials who deal with tax evaders say they are gearing up for a crackdown.
- https://www.youtube.…sted
- They don't have to worry, it'll crash soon enough.formed
- 44 billi? Doubt that, when most of it is self selling, wash trades, bots, scams, fake numbers etc.grafician
- epic_rim1
- Already sold out. Gotta keep an eye out on the 19th.palimpsest
- Common ones mean they're selling a bunch of the same?doggydoggdog
- No, just that they are cheaper. No NFT is alike.palimpsest
- doggydoggdog2
So an NFT is just a JPG or GIF that you can buy the rights of and store that certificate on the blockchain?
Is there any way to profit off a purchase?
Or is it really just a dumb way to flex and own some digital art that you could also just download for free?
- - no, you don't buy any rights (in most cases)
- you can show off. or resell maybe.
it's like owning a print of an original maybe.uan - maybe your 'ownership' will attract the desire of another collector and he'll give you money for it.uan
- The only "artwork" you own is the token. The NFT is the art.palimpsest
- Each token is an original. Everything outside the token are just selling points.palimpsest
- - no, you don't buy any rights (in most cases)
- doggydoggdog0
I don't get it
- That's just bullshit marketing departments spit these days, like "we need a "drop" fast so we stay relevant"
Zero creativity, 100% moronsgrafician - And people bought it?doggydoggdog
- https://www.gap.com/…
Access Denied
You don't have permission to access "http://www.gap.com... on this server.grafician - They messed up the drop LOLgrafician
- I hope I can get the whole Khaki Kollection! Can't wait to sell my GAP NFTs years from now for millions. SMHBH26
- Better buy that YZY collab bro, that's golden in 5 years $100k easygrafician
- only a matter of time before corporations jumped on the NFT craze. it's called capitalism. look it up.inteliboy
- anyone that buys shite like this deserves shite like this.
good they did some homework and used tezos though.microkorg
- That's just bullshit marketing departments spit these days, like "we need a "drop" fast so we stay relevant"
- doggydoggdog0
- @ 00:36 does actually check to see the time?utopian
- So essentially all Beeple does is regurgitates other peoples art work into a digital format and then called it his own...sorta' like Kanye West....Genius!utopian
- Wait till other 3D "NFT artists" discover Turbo Squid...grafician
- from like the 80s brodoesnotexist
- @utopian I don't think he is Millie Brownsted
- 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"?grafician
- 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? :)grafician
- 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
- @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 imagegrafician - so again, "1 of 100" is more valuable than "99 of 100" even if the JPG sold is the same image?grafician
- 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 lolgrafician
- @pali so if 69 and 420 are more valuable how can the NFTs be equally rare?
It's the same JPG after all no?grafician - 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 - @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 logicgrafician
- 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 casegrafician
- 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
- palimpsest7
- congratulations brodoesnotexist
- just a good as most NFTsutopian
- Get that minted. Speedboat guaranteedPhanLo
- Right click downloadAQUTE
- scarabin0
What do you folks recommend to someone with a stack of art pieces who wants to try selling them as NFT but isn’t willing to pay any money for the attempt?
Explain like he’s five or very stoned.
Asking for a friend
- Opensea?scarabin
- i wish there was a qbn member who works on nft projects :)sted
- listing on a marketplace will cost you, its called nft minting pricested
- do a cheap site to announce a fundraiser for the drop let all the friends and family pay the cost of minting :Dsted
- *i have no idea how it workssted
- you'll need eth to get started and will need to shell out a little bit to mint. But Opensea will minimize all that.dopepope
- Microkorg and Gabriel have been doing it for a while now, they would probably have some good advicePhanLo
- If you post your OnlyFans I'm sure you'll get the initial capital from the QBN crowd quick.
Count me in.palimpsest - Is this person concerned about the environment?
Yes - then def a tezos platform
No - Openseamicrokorg - https://versum.xyz/ is a new tezos platform so would be a good place to make a name for themself. Other platforms you are competing with more noise.microkorg
- Or objkt.com as other tezos site.
For OpenSea you'd be using Ethereum blockchain. $90 first fee then minting is free.microkorg - Socialising on twitter in NFT community sharing your work with other artists/collectors is best way to get sales unless you're just lucky on a platform.microkorg
- All great advice. Thanks!scarabin
- how much dollares is the first mint on opensea ?neverscared
- ah never mind 90 to 300 dollar .neverscared
- i think its the price to sell on the site in general. with a one wallet ive never minted/sold on opensea and when i tried to sell one id boughtmicrokorg
- ..it was asking me to pay this fee too.microkorg
- I’ve got some btc, i’ll change that to eth. The money isn’t that big of a deal but i don’t want to spend 200 per piece on something that won’t sellscarabin
- _niko0
these guys raised $600m to create and bring shit like this into the nft market
- cherub0
@scarabin:
"What do you folks recommend to someone with a stack of art pieces who wants to try selling them as NFT" What would I do you ask? I'll tell you what I would do. (in QBN voice)I would ask the resident crypto expert Grafician and his retarded sidekick alwaysscared, who are almost sure to point you to ethereum(the rich man's blockchain), where you will spend at the time of this writing, at least $100 in gas fees just to initialize your wallet. Not to mention be outclassed as far as your competition goes. Surely you will fail. Yeah that's what I would do.
What I wouldn't do, is go to this site called hicetnunc https://hicetnunc.art/ and then go to this other site explaining how to use the hicetnunc site to mint your artwork for almost nothing.
https://gorillasun.de/blog/Getti…
I certainly wouldn't log into twitter and while logged in go to http://wallet.kukai.app to use the built in kukai wallet by clicking the twitter icon once under where it says "sign in with social" then click "authorize this app" so you can skip the whole "setting up a tezos wallet part" and skip right to minting.
("Minting on Hicetnunc.xyz" is the only necessary section to follow on the tutorial)
All you need to mint is: a modern computer, a tezos wallet, a tiny amount of tezos, and a source file you want to mint(.png image, .gif image)
But yeah, that might result in you liking art, and joining a vibrant art community who likes to have fun making art and selling it as NFTs. That would be terrible.
Just say "no" to NFTs kids.
- ok boomerneverscared
- NFTs as I understand them are great, they push and expose speculation. Let's just appreciate them for what they and cut the bullshit.palimpsest
- its also fun for the ecological illiterate.neverscared
- We are all ecological.palimpsest
- Don't talk to me about art. Even in the real artworld it's people like Daniel Arsham that have gotten into NFTs.palimpsest
- "Crypto expert"?! Mate crypto is basic high school level Computer Science stuff, barely has anything to do with actual cryptography lolgrafician
- Cheers cherub!scarabin
- but sure, not everybody has CS degrees, most don't even know how a computer works, how the Internet works, etc. that's why is so easy to scam people with cryptografician
- i take it back - they're not douchebags. they're fucking scum.scruffics
- damn, wrong post. this was actually quite informative.scruffics
- palimpsest3
- Good things come to those who hustle.palimpsest
- its 2022 can we have an other clown please?sted
- Super rare clown drop coming soon.
Stay tuned.palimpsest - more super polluters than superare.neverscared
- neverscared4
- No surprises here. Tax rules do need to be clearer though. Even experts don't know shit for certain.microkorg
- of course its not a suprise... but after they matched the wallets with identies.. they will elucidate the mechanism of speculation and trade and the clusterfuckneverscared
- will be real.... wouldn´t be suprising if its huge nfts will be declared illegal i speculate.neverscared
- identitiesneverscared
- the fake sellers will be dunked .... finally...ArchitectofFate
- palimpsest3
- SAY ART AGAIN.
I DARE YOU.
I DOUBLE DARE YOU, MOTHERFUCKER.
SAY ART ONE MORE GODDAMNED TIME.palimpsest - ¯\_(ツ)_/¯microkorg
- What about Wallmart?
Does that excite you?
https://www.theverge…microkorg - I am excited about Walmart getting into the artworld. Great things to come.palimpsest
- flippin kool.. finaly the future of digital art at wallmart... gonna buy all the bored apes and cryptopunks there .. awesome.neverscared
- SAY ART AGAIN.
- grafician-2
This was entertaining lol
https://mobile.twitter.com/Foone…
Basically explains how the cryptobros implement one of the oldest scams thru' NFTs lol
p.s. NFTs have nothing to do with digital art - again, reiterating - as the most "valuable" are pixel avatars and monkeys, you won't see celebrities buying PhanLo's or dopepope's actual digital artworks or any other art
- sad facedopepope
- Not even joking, take a look for yourselves: https://opensea.io/a…
all avatars sales, monkeys, dogs, etc.grafician - This is obvious, is anyone buying nfts for big sums? How can we know?nb
- You can find many on Hypebeast posts about celebrities buying monkey NFTs
https://www.instagra…
also lots more on twittergrafician - Example: https://www.instagra…grafician
- Example: https://www.msn.com/…grafician
- I mean
common lol
https://www.qbn.com/…grafician - Yeah we know. No need to keep trying to convince everyone of the obvious. Lol.monospaced
- https://www.qbn.com/…sted
- Ah it's obvious now after everybody posts about it? lol yeah keep downvoting you twatsgrafician
- It’s always been obvious. You can drop it. We get it. Thanksmonospaced
- Doesn’t mean artists, here or elsewhere, can’t mint NFTs for their art and sell them. That’s still a thing.monospaced