NFT'S

Rufus T. Firefly

Rufus T. Firefly

Well-Known Member
natureboygrower said:
It's not just cartoons though. Nirvana just had some never seen before photos released as NFTs.
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I understand. One make an NFT for just about anything.

The question may have been alternatively posed as "how is one going to monetize the value of an NTF? What is the value, does the NFT throw off an income stream? Does it produce anything of value like a company that makes computer chips or grows produce.

Or is it just something that you hang in your virtual house until hopefully somebody will pay you more than you paid for it?
 
natureboygrower

natureboygrower

Well-Known Member
Rufus T. Firefly said:
Or is it just something that you hang in your virtual house until hopefully somebody will pay you more than you paid for it?
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I'm not really sure, I'm working this out as I go lol. I'd imagine it be like you said above. Or consistently making money off from it somehow.

Art galleries will become museums and NFT galleries will be linked to a digital portfolio :eyesmoke:
 
Rufus T. Firefly

Rufus T. Firefly

Well-Known Member
natureboygrower said:
You understand memes, right? And how passed around and recycled they are? I'm imagining somebody wanting to capitalize on an image like that, therefore putting a price on the original "artwork" of the meme? And then everytime that meme or art is used, you ( the OG owner of the art) gets a slice like a musician when a song is played on the radio... i have no idea if this is how any of it works but it would be a way to make money on something that is used digitally.
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It's my understanding that most NFT's do not contain a copyright, nor are even copyrightable.

Maybe Mr/Mrs Lightgreen2k can explain the copyright issues around NFT's?

I'm all ears.
 
Lightgreen2k

Lightgreen2k

Well-Known Member
natureboygrower said:
I heard about the beached yacht going for 650k. This shit is no joke but I just dont understand what will eventually happen to this "artwork" ? You display it on a flat screen in your home or some shit? Hope it takes off and start a clothing line? Gen Z laughing all the way to the bank on all this "art" they're creating.
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You are correct with that price. It amazing what the new generation takes and values.
 
Lightgreen2k

Lightgreen2k

Well-Known Member
Rufus T. Firefly said:
I understand. One make an NFT for just about anything.

The question may have been alternatively posed as "how is one going to monetize the value of an NTF? What is the value, does the NFT throw off an income stream? Does it produce anything of value like a company that makes computer chips or grows produce.

Or is it just something that you hang in your virtual house until hopefully somebody will pay you more than you paid for it?
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This is something you hang in your home through a digital picture frame (or even traditional print out of it )

With the Mona Lisa being 1 of 1 there is only one owner, it's unique because there is none other like it..

Some pfp, generate in a collection usually have different characteristics that make them unique too the owner, and people just want too have them.

This is a new generation where people, like to brag and show off. Once all bills and expenses are paid, have some to converse about. beast.eth-1645435872342.jpg
 
Lightgreen2k

Lightgreen2k

Well-Known Member
Rufus T. Firefly said:
It's my understanding that most NFT's do not contain a copyright, nor are even copyrightable.

Maybe Mr/Mrs Lightgreen2k can explain the copyright issues around NFT's?

I'm all ears.
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The Bored Apes Yacht club gives their user's exlucsive right to use their projects anyway they want.

All depends on the project you get into. In web2, or the world we live in now, this is unheard of.

Mainly because of open source, rights are abit different.

I have an article for you to read that answers this for you.

thedefiant.io

Bored Apes' Generous Copyright Approach Besting Stricter CryptoPunks - The Defiant

Intellectual property issues are heating up in the NFT space as Bored Apes and CryptoPunks take two different approaches to copyright rules.
thedefiant.io

So this is the model that one of the most popular nfts is setting as a standard. Web3 world vs Web2 way of thought.
Screenshot_20220221-044820_Samsung Internet.jpg
 
Paul Drake

Paul Drake

Well-Known Member
“This is a new generation where people, like to brag and show off. Once all bills and expenses are paid, have some to converse about.”

Hahahahaaaaa bills and expenses paid?
 
a mongo frog

a mongo frog

Well-Known Member
Anyone want to go in on some real-estate in the Metaverse? Heard there's some good deals going around. Maybe a 2 bedroom apartment down the street from Ellen Degeneres? Or others if you know a real-estate broker there!!!
 
xtsho

xtsho

Well-Known Member
Anyone can easily launch an NFT these days. I remember in the early days if you wanted to do anything you had to know how to code. Just about every cryptocurrency is on github. All you had to do is clone the code, change a few lines, create the genesis block, and start mining on a new blockchain.

Most of these NFT's are newcomers that have absolutely no knowledge of the underlying technology. They pay someone a fee and and another NFT is born.

Hell I could start a cryptocurrency using the Ethereum source code. It's available here https://github.com/ethereum/go-ethereum. A couple cheap VPS's as seed nodes and a new blockchain is born. Call the new cryptocurrency CalMag and start mining. I've started new chains based off of bitcoin and litecoin code just to do it. Hell if you want to launch a cryptonote coin it can be done in minutes as well using this https://cryptonotestarter.org/

Most of these NFT's have fake sales and volume. It's a couple people hyping on social media hoping someone will be foolish enough to purchase.


I doubt many even know about Onecoin but it was a huge scam. Sucked money from millions around the world. It was nothing but a fraud. That's what most NFT's are.

 
Milky Weed

Milky Weed

Well-Known Member
xtsho said:
Anyone can easily launch an NFT these days. I remember in the early days if you wanted to do anything you had to know how to code. Just about every cryptocurrency is on github. All you had to do is clone the code, change a few lines, create the genesis block, and start mining on a new blockchain.

Most of these NFT's are newcomers that have absolutely no knowledge of the underlying technology. They pay someone a fee and and another NFT is born.

Hell I could start a cryptocurrency using the Ethereum source code. It's available here https://github.com/ethereum/go-ethereum. A couple cheap VPS's as seed nodes and a new blockchain is born. Call the new cryptocurrency CalMag and start mining. I've started new chains based off of bitcoin and litecoin code just to do it. Hell if you want to launch a cryptonote coin it can be done in minutes as well using this https://cryptonotestarter.org/

Most of these NFT's have fake sales and volume. It's a couple people hyping on social media hoping someone will be foolish enough to purchase.


I doubt many even know about Onecoin but it was a huge scam. Sucked money from millions around the world. It was nothing but a fraud. That's what most NFT's are.

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NFT’s are the new shitcoins
 
HydroKid239

HydroKid239

Well-Known Member
Lightgreen2k said:
This person that replied to you as "much as sucker is willing was the same person in 1993 saying the internet will never go anywhere, or the same person in 2009 that said bitcoin nobody will invest in digital currency ".

Don't be this person that says dumb shit like this. This is a real market, and right now we are at the point of "2010", bitcoin . You see what it's worth a decade later bitcoin...

But to answer your question

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So $26,173.80 gets me an avatar that’s interchangeable, I also hear there are benefits along with some NFT’s.. but for 26k? if you ask me it stands for “Not Fkn There” because you haven’t bought anything in the physical form. It’s just NFT lol and neither is my 26k. The next time a chunk of liquid assets goes into a project/investment.. it will be a business. (Which would involve a lot more money. I can’t even open up a bodega and hang an NFT on the wall for decoration.
 
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