a mongo frog
Well-Known Member
Holy fucking shit........ But you actually get to have and touch and hang that nice painting you bought for 2k. So confused......
NFT'S
- Thread starter Lightgreen2k
- Start date
Rufus T. Firefly
Well-Known Member
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
Well-Known Member
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
Rufus T. Firefly
Well-Known Member
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.
riuoldmember
Well-Known Member
this will crash faster than zucks metaverse
a mongo frog
Well-Known Member
Wait! You're not buying any?!?!?!?!
Lightgreen2k
Well-Known Member
You are correct with that price. It amazing what the new generation takes and values.
Lightgreen2k
Well-Known Member
The value is a new way if taking partial ownership in anything through smart contract. Smart contract is another concept to learn in all of this. Basically A = B for something to work end to end.
Lightgreen2k
Well-Known Member
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.
Lightgreen2k
Well-Known Member
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.
So this is the model that one of the most popular nfts is setting as a standard. Web3 world vs Web2 way of thought.
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?
Hahahahaaaaa bills and expenses paid?
Lightgreen2k
Well-Known Member
Paul Drake
Well-Known Member
Slap any price on something virtual .... brilliant!
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
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.
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
Well-Known Member
NFT’s are the new shitcoins
HydroKid239
Well-Known Member
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.
HydroKid239
Well-Known Member
This is my Joe Biden “I’m gonna git you sucka” NFT 
17ETH please.
17ETH please.
