NFTs
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- grafician-2
^ What could go wrong
- crypto market down 40-50%grafician
- Buy Low...Stay high!utopian
- buy low.. go beneath low..neverscared
- sted2
“This Is Not the F–king Way to Do It”
How the NFT startup HitPiece managed to piss off hundreds of musical artists at once.- Actually in a way I kinda dig what they've done in a disruptive kind of way.
An NFT is the token on the blockchain with an associated image.microkorg - And they are adding a further level...an associated song. But not THE actual song, just the title.
So the folk who will remind you that its NOT the imagemicrokorg - in an NFT for sale, it's the token itself should be all ok with what HitPiece are doing, no? lolmicrokorg
- Where they don't have a leg to stand on is the (likely) unlicensed artist photography.
If they were relating songs to original artworks wonder if it would be okmicrokorg
- Actually in a way I kinda dig what they've done in a disruptive kind of way.
- hydro740
Tonight's fuck around. Had a request, then had an idea, so spent 1 hour messing around.
- u can make a fortune just doing thesedopepope
- nah.. they sit. not even concerned with getting ETH, more just enjoying the process ATM. Client work is picking up so won't be many more of these soon.hydro74
- I'll never understanddopepope
- So no hydro74 10k PFP project on the horizon then?microkorg
- OOOHHH FUCK NOOOO.. hahahahydro74
- sell it to mecherub
- sted1
This is the story about the textbook copyright litigation business, which has become a cottage industry and has turned some opportunistic lawyers into multi-millionaires, has resulted in billions of dollars being won by textbook publishers, and is a roadmap to what is coming for people who buy knockoff projects when there are millions (soon to be billions) of dollars on the line.
- microkorg4
- Technically true********
- Doesn't this exact same joke work against NFTs? https://imgz.org/i7y…Nairn
- now you own the token.. well done..neverscared
- ^^love that .jpg nairn, lololol. stealing!cherub
- As soon as you die, you own nothing.shapesalad
- ...but your kids can inherit your possessions.microkorg
- Technically true
- Beeswax1
This is real. https://tinyurl.com/2yfjjk2h
- neverscared0
However, as is the case with any new technology, NFTs offer potential for abuse. It’s important that as our industry considers all the ways this new asset class can change how we link the blockchain to the physical world, we also build products that make NFT investment as safe and secure as possible. Below, we look at two forms of illicit activity we’ve observed in NFTs:
Wash trading to artificially increase the value of NFTs
Money laundering through the purchase of NFTs
- kingsteven3
- Possession is nine-tenths of the law...Nairn
- British Museum is selling Hokusai paintings as NFTs with LACollection. A big Hokusai fan. I did a bit of digging. I know someone who knows the head of LAC.microkorg
- I asked some questions and was looking at how these were selling. Just didn't sit well with me. I posted in an earlier thread about this. How can anyone trustmicrokorg
- someone who is keeping the 'original' never to sell further nft series of the same piece.
If something is being sold as NFT either the buyers then own a piecemicrokorg - or share of the original OR the original is destroyed. Hirst got it right with Currency IMO.microkorg
- hydro747
- “Money is the oxygen of capitalism and I wanna breathe more than any man alive.”
― Jordan Belfortneverscared - with all the co2 u better dont take a too deep breath.neverscared
- Done.AQUTE
- “Money is the oxygen of capitalism and I wanna breathe more than any man alive.”
- neverscared2
A few have asked about our stance on NFTs:
NFTs are a scam. If you think they are legitimately useful for anything other than the exploitation of creators, financial scams, and the destruction of the planet the we ask that please reevaluate your life choices.
Peace
Also f̸̗̎ú̴̩c̷̖͌ḳ̵̀ any company that says they support creators and also endorses NFTs in any way. They only care about their own profit and the opportunity for wealth above anyone else.
Especially given the now easily available discourse concerning the problems of NFTs.
- Meanwhile.... pay to play, pay to buy this 'power-up gun' that you only own within our platform - but only as long as we exist.
We go tits-up, you got nothing.microkorg - It seems like a lot of game platforms share this view.microkorg
- Creators are increasingly choosing Tezos for its massively greener credentials, less greed and profit. Much more fairly priced art.microkorg
- Much more community and art focussed. Definitely artists and coders first in this community. I hope it doesn't inflate...microkorg
- ...to ETH proportions of 'values' as the longer the ETH-bro's keep out of Tezos, the better. lol.microkorg
- do u have some stats to back that up .with the creators? .. greener credentials alone will highly likely no big profits will be not succceed i guess.neverscared
- How would that power up gun work without the game anyway?Nairn
- it wouldnt work. your money is down the pan.microkorg
- I don't have stats. Im part of the tezos artist community. I can see it with my own eyes.microkorg
- folks that promote the idea of game stores using NFTs cry themselves to sleep thinking about the thousands they spent on fortnight skins. factkingsteven
- If the games platforms dont want to use NFTs then thats all good with me.
Anyone spending that money or time on gaming should reevaluate their life choices.microkorg - eh, each to their own - I'm sure a happy gamer might look to your consumption patterns and mirror the sentiment :)Nairn
- there will be, but it'll be entirely balls and of no advantage over what exists already other than hype and speculation. like all digital art NFTskingsteven
- The car industry is a scam.Sandder
- It's all true down to the letter. But do you want to be right or do you want to make money? Respect the stupid and take advantage of itdrgs
- a blockchain and a marketplace selling p5.js scripts is junior dev shite compared to steamworks. and a toy compared to a game - it's difficult to see a usagekingsteven
- that isn't exploitative of creators. i already make mods as a side-hustle and know plenty of folks making maps and skins full time.kingsteven
- skin gambling and price fixing is huge already, and some gambling sites have been 'blockchain based' since well before NFTskingsteven
- it would be difficult to see a marketplace condoning that (it's essentially an exploitation of item trades) and it would shift liability to the game devkingsteven
- it may reinvent something in the art world, there is nothing about NFTs that is new to games. i'm still predicting they will be used a lot in the future butkingsteven
- the 'medium of the NFT' or the term NFT as a synonym for digital art is nonsensekingsteven
- the original intention was to represent any entity including negative assets, i think thats a better use case than artkingsteven
- There's certainly not an 'each to their own' sentiment through this whole NFT thread.microkorg
- the digital art movement is great. its the idea that it is synonymous with NFTs or that the blockchain has anything to offer other than hype over other forms ofkingsteven
- collectables is what i don't like. your digital art market is being used to promote a technology that (if it becomes mainstream and used for it's intendedkingsteven
- intended use to represent any asset off the blockchain) will make having a jpg in your wallet seem very silly indeed.kingsteven
- People that are into NFTs -- please don't spread those retarded genes and get a vasectomy.********
- But each to their own, yes?microkorg
- Meanwhile.... pay to play, pay to buy this 'power-up gun' that you only own within our platform - but only as long as we exist.
- neverscared0
Unreal demand? Irregular sales worth billions fire up wild NFT market
LONDON, Feb 7 (Reuters) - On Jan. 12, an image of a computer-generated pixelated person was sold for about $50.6 million worth of cryptocurrency on a new online marketplace that caters for non-fungible tokens.
It gets stranger.
Five minutes later, the same "Meebit" NFT - a virtual character clad in purple shorts and green sneakers - was sold back from the buyer to the original seller for around $49.6 million.
Confused? Welcome to the weird and wild world of NFTs, a new breed of crypto assets that represent digital items, from images and videos to clothing for avatars. They have exploded in popularity over the past year as part of a fledgling and largely unregulated economy for the much-hyped metaverse.
- neverscared-4
Welcome to Afterparty: One night at Hollywood's hottest NFT minting party
Welcome to the Utopian community. The minting room is this way.
https://www.protocol.com/afterpa…
My Uber dropped me off in front of a modern mansion in the Hollywood Hills. The road up was steep and winding, filled with multimillion-dollar houses that twinkled when you looked at them from Sunset Boulevard below. I was told beforehand by my hosts to hail a ride-share, as parking in the neighborhood would be difficult to find. It was true: The tight streets were already filled with Ferraris, Teslas and Lamborghinis owned by the neighborhood's residents and guests who got there early. My dented Honda Civic would have looked out of place anyway.
- palimpsest6
- Hahahaaahahaha buhahaahhahaha!grafician
- GLWTS :)microkorg
- I'm an artist now.palimpsest
- marvellous lol :)fadein11
- between this and the "I'm dating a pro..." thread this is some quality entertainment. well done QBN :)cherub
- oh lol already getting downvotes
prepare to have all your posts old and new downvoted for no reason from now on :))grafician - The curse of the Balkans.palimpsest
- QBN Mafia bros :))grafician
- that is so cute :D thanks
i knew you just need the right motivation to get there :)sted - You know I knew that you knew.
:)palimpsest - graf deserves every downvote he receivesmonospaced
- you upvoted to save face? hahahahaaaagrafician
- neverscared1
HUGE NFT COLLECTOR WARNS OF “CATACLYSMIC MARKET CRASH”
"FOR ME, THIS IS WHEN IT GETS VERY DANGEROUS AND IS AKIN TO A FINANCIAL BUBBLE."Former investment banker Colborn Bell, who owns millions of dollars worth of NFTs, is warning the market for the tokens could be headed toward a catastrophic crash, Fortune reports.
- Glad I got in on time.palimpsest
- How is this any different to the physical art market where the barrier for entry is equally as low for artists but not collectors? lolmicrokorg
- And there are way more 'real world' artists than there are art collectors.microkorg
- If you've invested wisely and not remortgaged to buy a punk or anything ad there's a crash then its not going to be 'dangerous' for you.microkorg
- A bubble bursting would be a good thing and would clean the place up just like the dotcom bubble burst did.microkorg
- Brands etc started to question what they were getting for the 250k they were paying for a website.microkorg
- welcome to the conversation...geniu...neverscared
- sneverscared
- palimpsest4
Getting into the NFT marketplace has been a great experience thanks to its loving community. I have learnt a lot in the last 24-hours. One of the keys to being an artist is repurposing old projects: The NFT is the art.
I have dug into my archive and pulled out this old chunk of coal. From it I have created an edition of 6 digital pins that never saw the light of day in physical form.
https://hicetnunc.art/objkt/6659…Act fast and collect all of the items and you will get a unique special edition t-shirt.
https://hicetnunc.art/objkt/6659…Shout out to microkorg for his unconditional support and Don Lapre for being an inspiration.
- y thohans_glib
- Art.palimpsest
- GeniusChimp
- To the moon!microkorg
- much valuealiastime
- I'll take two********
- 6/6 still available.
Act now!palimpsest - Sold!futurefood
- Salarrue3
Web3 is going just great
...and is definitely not an enormous grift that's pouring lighter fluid on our already-smoldering planet.
https://web3isgoinggreat.com/
- grafician-2
Another day, another NFTs fail story...
