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

[LinkinParkxNaruto[AMV]]

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ughh those anti-NFT crowd who would 'excomuniate' any artist that dared to do NFT are getting as stale as their 'argument'

i have a very low opinion of any artists jumping on the bandwagon, you are telling people to inflate a ponzi with the promise that they are investing in something of value but you are offering nothing in return but a link to a jpeg of which they don't even own the copyright anyways.

Sell originals, make a print, at least thats something tangible, sign it and now is a collectors item that might be worth something, they might not own copyright to the that way either but they can frame it in their room or something, its still art that has value.

The only artists profiting from this already have a profitable career as is, they could literally make a call to action and people will donate money to them just because, they can sell comissions, can sell merch, can crowdfund etc. They don't need to shill any NFT minted with shitcoins to make bank. I don't see NFT helping smaller artists make a career either, they get told if they don't put their money in the ponzi and mint their art someone else will steal their shit.

tl:dr. You are massively gay for owning Nfts and you should feel massively gay for dumping one on someone too.

 

[Trigger Me Timbers]

Is there any existing example (or is it even feasible) to make an NFT that the user could make themselves using like a character builder? You choose the assets then press “mint” and it’s yours on the blockchain?

 

[Space_Dandy]

I was going to give my two cents about how NFTs are inherently worthless, drawing the appearance of legitimacy due to their association with blockchain technology. It seems to only gain value from people believing it has value, similar to how the stock value of shares of a company that has no product can still rise if promoted well (pump and dump scheme)...

But instead I'll reiterate what one of my coworkers said about how he thinks NFTs are actually viable to see what you guys think of it.

He says NFTs are good if they are incorporated into something else. For example, tickets to an event can be an NFT. You show the image at the front gate to get in to the venue. In this way, evidence of your ticket purchase and presence at that event is immortalized on the blockchain, and could even be potentially sold as a collector's piece. Another example is NFT clubs/parties that apparently exist, with similar concept as the ticket stub, where a (usually wealthy celebrity) will hold a party on their yacht or penthouse for people who own their NFTs. I guess what he's saying is on their own they are kind of worthless but could be used to add value to something else.

I guess I could see it, but I still don't like all the hype and overselling of it. Maybe once the bubble bursts and these people who went all-in lose their asses, whatever remains of the industry may actually try to use these things in a smart way rather than as a get rich quick scheme.

 

[Least Concern]

He says NFTs are good if they are incorporated into something else. For example, tickets to an event can be an NFT. You show the image at the front gate to get in to the venue. In this way, evidence of your ticket purchase and presence at that event is immortalized on the blockchain, and could even be potentially sold as a collector's piece. Another example is NFT clubs/parties that apparently exist, with similar concept as the ticket stub, where a (usually wealthy celebrity) will hold a party on their yacht or penthouse for people who own their NFTs. I guess what he's saying is on their own they are kind of worthless but could be used to add value to something else.

Your friend is right. NFTs have many more boring but perhaps more practical uses than monkey pictures. But the monkey pictures is what made money and got hype and so that's what has somewhat unfairly defined NFTs for people with at most a superficial understanding of blockchain technologies.

 

[Kuritan Deplorable]

Is there any existing example (or is it even feasible) to make an NFT that the user could make themselves using like a character builder? You choose the assets then press “mint” and it’s yours on the blockchain?

Its entirely feasible but also entirely pointless. You need a little bit of the token for the chain you want to mint it on, and otherwise all you'd need is a defined public standard for the metadata, and something else that can read it back. But anyone else could mint an identical set of metadata, so there's no uniqueness, and there's no real reason to have something trivial like that on the chain.

He says NFTs are good if they are incorporated into something else.

This is exactly how they should be used. The magic of the NFT lies in the thing that reads the NFT, and to a lesser degree the relevant metadata in it - Which right now is just a link to the monkey picture. But Smart Contracts are already a thing, pieces of code on the blockchain that have specific conditions before executing some series of actions. A simple example of a smart contract would be one on a wallet address that says "When I get money in, send half to one person and half to the other". Throw that out there, and you have an automated revenue sharing system that both parties can trust. The problem is that a smart contract is immutable - its directly in the blockchain, the whole point is nobody can change its behavior. The biggest example right now is the minting process itself - Those are generally smart contracts that execute when you press the mint button, generating an NFT with the provided information per the defined code.

Where it gets fun is to associate the smart contract to an NFT token for its logic, or an action it will take. Rather than sending to predefined wallets, the above contract can now send the money to the wallets that contain the appropriate unique token - So now you can sell the rights to your revenue from something, or give part of it to someone else, etc, and it'll work without massive lawyer issues and wondering if someone is stealing. The smart contract can go further such as events and such - if you have the appropriate token in your wallet, the smart contract grants you access to something. Any metadata on the token can then describe more specific things - Exact seat number for an event, or the percentage of revenue this token is entitled to in my simple example.

The potential is there, its just been smothered by a ridiculous speculatory market. This is like if people in the digital hardware revolution where to see transistors developing, and proceed to bid up rarer and rarer artisanal transistors with different color markings on them rather than building computers.

 

[MaybeJaibait]

Is there any existing example (or is it even feasible) to make an NFT that the user could make themselves using like a character builder? You choose the assets then press “mint” and it’s yours on the blockchain?

Like the good old South Park character creator, the problem is that at the end you have to deploy a smart contract, and that’s expensive.

 

[Kiwi & Cow]

The ride never ends!

https://news.coincu.com/76403-bored-ape-nft-sold-for-114/

An unusually low-priced sale of a Bored Ape NFT for just $114.74 has NFT enthusiasts slobbering, given that the cheapest available BAYC NFT sells for 106.8 ETH, or approximately $363,654.34. According to Etherscan data, a seller is known as ‘cchan.eth’ sold Bored Ape #835 on OpenSea for 115 DAI on Monday. DAI is a stablecoin with a dollar peg, so the entity received only $114.74 while ($5.74) went to OpenSea fees.

 

[Nick Gars]

1. Trading in things like skins for games, which is a thriving trade.

I actually really like that idea. That seems like an actual practical use for NFT's.

Is there any existing example (or is it even feasible) to make an NFT that the user could make themselves using like a character builder? You choose the assets then press “mint” and it’s yours on the blockchain?

https://rarible.com/peustore/secondary

This absolute nigger just has WamboArt generate images, and he isn't the only one. Not exactly a "character builder", but similar to the concept you're talking about. As for doing it through a "nft producer", while it would be ideal to create personalized ones by an artist, most of these people are way too complacent to step away from the current model of "generate 5000 images with a script and like 15 assets, upload each one for $10 a pop" to make any real innovative.

 

[Akashic Retard]

Someone Stole Seth Green's Bored Ape, Which Was Supposed To Star In His New Show

 

[LinkinParkxNaruto[AMV]]

Someone Stole Seth Green's Bored Ape, Which Was Supposed To Star In His New Show

that trailer looks horrendous like every media done with NFTs. Seth Green deserves to eat shit.

but assured VeeCon attendees that he is working with authorities to retrieve his NFTs. “Guys, if there’s a door to kick in, I promise I’m gonna kick in the door for us.”

The NFT marketplace OpenSea said it has frozen the tokens, as it has previously done when assets were reported stolen. All four NFTs taken from Green are now marked with “suspicious activity” warnings. "We do not have the power to freeze or delist NFTs that exist on decentralized blockchains; however, we do disable the ability to use OpenSea to buy or sell stolen items,"

Lolbertarians get scammed on their descentralized new free market utopia, inmediatly cry for the state and the jannies to intervene.

 

[Flowers For Sonichu]

Yuga Labs Confirms Discord Server Hack; 200 ETH Worth of NFTs Stolen

The company behind the Bored Apes NFTs made the disclosure 11 hours after word of the exploit surfaced on Twitter.

www.coindesk.com

My apes… they’re all gone

 

[Least Concern]

Yuga Labs Confirms Discord Server Hack; 200 ETH Worth of NFTs Stolen

The company behind the Bored Apes NFTs made the disclosure 11 hours after word of the exploit surfaced on Twitter.

www.coindesk.com

My apes… they’re all gone

tl;dr: The community manager's Discord account was compromised and used to send out phishing links.

Always be skeptical when someone sends you a link to a page asking for information they don't need or should already have, even if that someone is someone you think you know.

 

[Suikafag]

I’m not into NFTs or Crypto or anything like that. But uhh. This video is……something I’ll say that much. I actually don’t really know if this is the best or even right place to post it but its NFT related and discusses the board ape NFTs so I’d wager it does.

Fair warning this shit is an hour long. The gist from the little bit I watched is that the Bored Ape NFTs might be the biggest troll in all of internet history.

An article about the video has also been written it seems.

New video revives debate over
Bored Ape Yacht Club's alleged
'racist' imagery (I’d archive but the archivers being a piece of shit right now so I can’t archive this right now due to server errors)

 

[TheRetardKing]