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

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Buyer of "Pepe the Frog" NFT files US$500,000 lawsuit after creator releases identical NFTs for free (a)

The NFT auction in question took place last October and was conducted by the frog's creator Matt Furie and his organization called PegzDAO.

In the auction, the organization apparently disclosed the existence of 99 additional NFTs with the identical "Pepe the Frog" image, but allegedly insisted that those would remain in possession of PegzDAO. Therefore, the affluent buyer paid over half a million dollars in crypto assuming that he would receive a unique NFT in return. But as it turned out, the organization ultimately released 46 identical and completely free NFTs only a few weeks later.
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It's funny how nfts were pushed as "freedom of decentralized art" as crypto was as "decentralized currency" Meaning the average person could afford it. But now big companies like Ubisoft have been looking at nfts as the next money making scheme.

I'm looking forward to the Belle Delphine nft.
 
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I made an algorithm a while ago that generates images.

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It's quite a lengthy process; it runs through each pixel and generates a unique image every run.

The upside is, it can generate literally any image imaginable. The downside is, most images will look like this.

Should I mint NFTs?
 
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Mukbang Influencer said:
Outside of rare multiplayer game items and trading cards (perfect use of NFT and very cool) and already popular influencers/artists fundraising off their base, this is useless. People buying random shit for actual $$ is beanie baby territory. These dolls were all the hype during the dot com boom and it seems like a remarkably similar phenomenon.
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But beanie babies are actual physical dolls you can hold and play with if you want to. There's nothing you can do with a shitty jpeg. I agree that it's a similar phenomenon though. Completely different situation and circumstances, but similar phenomenon.
 
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centaursTesticle [CT] said:
But beanie babies are actual physical dolls you can hold and play with if you want to. There's nothing you can do with a shitty jpeg. I agree that it's a similar phenomenon though. Completely different situation and circumstances, but similar phenomenon.
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what it rememeber me is closed specie...
 
I am legitimately shocked no Gacha game (that I am currently aware of) has hopped on the NFT trend.

NFT reveals are basically the same shit as pulling for an SSR in game.
 
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CharcoalChkn said:
I am legitimately shocked no Gacha game (that I am currently aware of) has hopped on the NFT trend.

NFT reveals are basically the same shit as pulling for an SSR in game.
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Apple and GooglePlay have strict rules around IAP gambling and transferring of digital assets p2p. Some of these are enforced by the platform, some by anti-gambaling laws and others by EU digital protection laws.

You are allowed to scam low IQ DSP like people by making them gamble for skins... you are NOT allowed to create an ecosystem where DSP could theoretically sell his buff 2d wrestler images to an even bigger cow to make money.



On a side note, would it be possible to use BAT to mint and sell NFT's?
 
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Gender: Xenomorph said:
I made an algorithm a while ago that generates images.

View attachment 3101487View attachment 3101499

It's quite a lengthy process; it runs through each pixel and generates a unique image every run.

The upside is, it can generate literally any image imaginable. The downside is, most images will look like this.

Should I mint NFTs?
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Dont see why not. As the saying goes, enough monkeys at enough typewriters will eventually lead to a masterpiece. Whos to say that one of your generated images wont make you some money? Wouldn't even cost you anything to publish it to a website like opensea.

Better yet, just make a website where someone can generate a random image based on your algorithm, and charge a small fee in order to generate it.
 
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Gender: Xenomorph said:
I made an algorithm a while ago that generates images.

View attachment 3101487View attachment 3101499

It's quite a lengthy process; it runs through each pixel and generates a unique image every run.

The upside is, it can generate literally any image imaginable. The downside is, most images will look like this.

Should I mint NFTs?
Click to expand...

You should look into generative adversarial networks (GAN) and variational autoencoders (VAE). They are capable of producing quite realistic looking but entirely artificial images. Previous work focused on restricted Boltzmann machines (RBM) which asked machines to dream/hallucinate up new images. Machine learning is a wild field.
 
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