NFT (Non-Fungible Tokens) - Files as crypto currency

@Gimmick Account did you block me or something? why I cant quote you?

Whatever, I've heard the gamestop rumor but so far its only been that and GMEfags are insufferable, specially the ones that bought at $400 and are still coping since that
I've also considered using versions of this tech in structuring collaboration on projects I work on
And what is that? gatcha games? that cryptokitties thing was basically that
NFTs are going to crash as hard as ICOs.

ICOs at least pretended to do a business.
Funny how fast everybody forgot about ICOs, even silicon valley had that as a theme during the last season IIRC. It was the future, now nobody even talks about it, the new shit its airdrops

Too many scams I guess?
 
@Gimmick Account did you block me or something? why I cant quote you?
There's a bug currently with some long posts. You can work around it with the post ID.

@Gimmick AccountAnd what is that? gatcha games? that cryptokitties thing was basically that
No, nothing on the user side. I mean using variations of this stuff on the business end to pay people (I don't mean with crypto, unless that's what they want I guess) fairly in a project where people can come and go as they please. Like a pirate ship. I still get royalties from people who I'm pretty sure skim my cut. It'd be neat if nobody were in that position, while the project stays flexible. Plus negotiating with nerds is annoying.
 
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Archive. for not giving Kotaku clicks.

This is a good read, Neopets NFTs have sold (well, only some of them) and are being minted, and they're hideous as expected. Cryptobro's are in full cope mode and making fun of the 'poorfag' players who simply play the site for free and have way better looking Neopets.

You can watch what's being minted here: https://moonrank.app/collection/neopets
 
I've seen the rumor go around that NFTs are just front for money laundering, which is bizzare to me as these idiots are far too dumb to cook up a scheme like that.
A good chunk likely are. Art has always been a popular front for money laundering, and cryptocurrency has become a major part of the criminal financial world. Something that combines both is going to attract money laundering. You’re mistaking the idiot crypto bro for the one doing the laundering. If he is, he’s likely not aware of how he’s playing a part.
 
newfag here lemme lay it on you:
i don't have a clue how any of this works but why would you ever pay money for a literal jpeg lmao.
You haven't heard of anime gacha games, have you?
...
By the way, has anyone yet got the idea to combine the two? Make a game where you pay for chests that contain NFTs of various rarity which you can use in games and trade with other users? Combine the most infamously predatory game mechanic with a vaguely pyramidal money making scheme and sprinkle it with coomerbait - and you have a perfect money-printing machine. Some trailblazer better steal this idea ASAP and rake in his millions.
Or maybe I could make an NFT of this post and sell it too.
 
You haven't heard of anime gacha games, have you?
...
By the way, has anyone yet got the idea to combine the two? Make a game where you pay for chests that contain NFTs of various rarity which you can use in games and trade with other users? Combine the most infamously predatory game mechanic with a vaguely pyramidal money making scheme and sprinkle it with coomerbait - and you have a perfect money-printing machine. Some trailblazer better steal this idea ASAP and rake in his millions.
Or maybe I could make an NFT of this post and sell it too.
The main catalyst for the whole NFT craze this year was Axie Infinity, a game basically just as you describe.
 
 
For like a second I considered actually selling some art as NFT. If people are dumb enough to pay 200$ for randomly generated Picrew.me image than surely even my atrocious art has chance to sell good. Still, there's probably a zero chance it would profit more than simply doing comissions for people. Besides, you probably need to be famous already to sell your stuff for decent price.
I honestly would rather stick to what worked out. Besides, seing how most artists are against NFT's I don't want to loose my integrity.
 
There's a bug currently with some long posts. You can work around it with the post ID.


No, nothing on the user side. I mean using variations of this stuff on the business end to pay people (I don't mean with crypto, unless that's what they want I guess) fairly in a project where people can come and go as they please. Like a pirate ship. I still get royalties from people who I'm pretty sure skim my cut. It'd be neat if nobody were in that position, while the project stays flexible. Plus negotiating with nerds is annoying.
Is that part about royalties from NFTs already implemented? like can you sell an art asset as an NFT right now and you will get royalties from every subsequent sale of it?
 
Is that part about royalties from NFTs already implemented? like can you sell an art asset as an NFT right now and you will get royalties from every subsequent sale of it?
Yeah those exist already.
 
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You've got it, but you're still trapped on the ugly monkey picture. You are trading the NFT. The image is just an image which can be traded online like any other image file. Trading the NFT is trading the rights of ownership of the image file (if that's what the NFT is intended to represent, as it does in the case of the ugly monkeys).
So what problem do NFTs actually solve here?
I can already transfer rights to an image to other people without getting NFTs involved.
 
guess these monkey profile pics are actually zoos. not surprised tho
20211117_134607.jpg
 
newfag here lemme lay it on you:
i don't have a clue how any of this works but why would you ever pay money for a literal jpeg lmao.
Gachas and like 90% of the mobile game f2p market would be dead if people didn't pay for jpegs. We are in a hell of a weird time.

For a more serious answer, I personally am not against paying an artist for work. You commission artists because you enjoy the artwork they make and you want to see them make a specific subject. You can request an artist to draw a specific topic, but they are probably not going to do it because you're requesting their time to draw something you want. Money is a universal exchange for their time and skill. Commissions for competent artists are not cheap, either. They will also tell you up front if what you're requesting is something they can fulfill or not. The cheap ones are usually for those artists who can barely draw a paper bag and are trying to explore outside of things they don't normally draw. As someone who does commission based stuff for tech, I have some solidarity in being able to rationalize paying for art. Even though most of my stuff is licensed through open source (and I firmly believe in the power of open source!), I also gotta eat.

The only argument that NFTs hold is being able to create a universal contract in ownership. However, it immediately loses water when you realize 99.9_% of artist commissions are not being used for marketing or any sort of exchange where someone is directly benefiting from the artist. Most people are buying jpegs to see their OC... in most likely a pornographic situation. Most OCs are not the face of marketing or really anything that generates revenue. Most porn stuff isn't going to be shared in public either, except maybe in small RP channels or on Twitter. You might get lucky and an artist might really like your OC and draw it for free, but it certainly happens less than someone buying an artist's time to draw their OC.

So let's argue that someone is buying a depiction of their OC and it's going to be used for marketing. Well, the first thing you do is sort out a contract with your artist. They will probably already have a contract thrown together for this situation or if they're an artist that actually makes money, they will probably talk to a lawyer first to help put together that contract. Can you name who made Target's white dog without looking them up? Well, an artist often transfers the rights of their art to the person buying it. They are likely to receive compensation for how much money the their art has made. For example, Disney needs to pay Harrison Ford every time they use his face in merchandise.

Imagine if you could cut the full legalese out and just get the rights to something transferred to you. Well it's great for someone who doesn't need to talk to a lawyer first, but it strongly shifts power to the buyer, rather than creator. That's the point of NFTs. For an artist that gives a damn about their work, it screws them over. For low-effort retards that are selling AI generated trash, it's great because they're making bank on something they put 0 effort in. No one is going to make money off low-effort AI generated trash for marketing purposes. But if you sell a logo as an NFT, you're fucked because you're A) losing compensation and B) how you gonna prove it was you that made that logo and C) you can't stop the power of right-click -> save as image -> upload. C was so much easier to deal with because people didn't make money off using your image but now... now people can make a boatload of money and DMCA requests are not exactly quick.

This response became a bit longer than I wanted it to, but the answer strings into a whole other topic and I didn't want my answer to seem half-complete. Most freelance artists I know (and some that I've commissioned) hate NFTs for one of the reasons I've covered.
 
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