Do you own NFTs?

Do you own NFTs?

  • Yes

    Votes: 22 6.8%

  • No

    Votes: 260 80.7%

  • I am looking into it

    Votes: 31 9.6%

  • Other

    Votes: 9 2.8%
  • Total voters
    322
I bought a quarter share of an NFT with 3 work colleges in 2016/2017 for a small amount and made 10 times my money in 2 years. Paid off a good chunk of my bond.

I wish I had held on though its worth a few million Rand now.

At the same time I bought some bitcoin for roughly the same amount and sold most of it last year during the boom. I made significantly more on the NFT.

I bought a few more but they haven't done so well because you need to get in early in a ponsi scheme. I would only take a chance with money I am willing to lose
 
eg2505 said:
but again, can you take an image of your Stupid Monkey with a Weird Idiot hat
and put it on a t-shirt, and sell the t-shirt,

NO!

you be in violation of the copyright held by somebody else, for the creator of the image.
like I said its all just a Scam for people who fail to understand owning a NFT isn't ownership, its ownership of a digital image of it.

and even that is suspect, if I blur the pixels of your stupid Ape, I've made another NFT, and guess what, thats possible to be monetized as well.

like I said I can take an explosive picture of a turd, add some filter, and make that an NFT,
and if you want, you can take the exact same picture, put a DIFFERENT filter on it, and hey presto another NFT!!!!

literally a fad like pet rocks, only in the digital space
Click to expand...

Actually many NFT'S now come with the full and exclusive ownership rights to the underlying artwork, including copyright and and commercial rights.

The Bored Ape yacht club guys were some of the first to do that and it seems that's the way the market is going, which makes sense seeing how expensive they are.

If you get the right NFT like the BAYC characters that become hugely popular and become a commercial success you could make a mint.

But as with traditional art most NFT'S will make you just about nothing, same with any art form - 99.9% of all art ever made will never gain much more monetary value than their basic aesthetic value.
 
Scary_Turtle said:
I bought a quarter share of an NFT with 3 work colleges in 2016/2017 for a small amount and made 10 times my money in 2 years. Paid off a good chunk of my bond.

I wish I had held on though its worth a few million Rand now.

At the same time I bought some bitcoin for roughly the same amount and sold most of it last year during the boom. I made significantly more on the NFT.

I bought a few more but they haven't done so well because you need to get in early in a ponsi scheme. I would only take a chance with money I am willing to lose
Click to expand...
That was during the frontier days of NFT's, not much was around in those times, what NFT's were they?
 
Lets not kid ourselves. There is no utility in an Ether rock nor is it original.

Its fear and greed at play here for speculation for the most part.
Technology-wise there is something interesting that will evolve, but it's so far removed from the pricing action that price and value have no correlation at this stage.

Good for you if you speculate, it's better odds than the slot machines.
 
hj007 said:
Lets not kid ourselves. There is no utility in an Ether rock nor is it original.

Its fear and greed at play here for speculation for the most part.
Technology-wise there is something interesting that will evolve, but it's so far removed from the pricing action that price and value have no correlation at this stage.

Good for you if you speculate, it's better odds than the slot machines.
Click to expand...

Agreed Crypto Punks and Ether Rocks are way over valued... There is actually an interesting project on Solana Step'n where can earn points to upgrade your sneakers or cash out the coin for training, similar to the Vitality model and we know people do stupid things for free smoothies so this project will probably do well long term
 

NFT OF NELSON MANDELA'S ARREST WARRANT AUCTIONED FOR R1.9 MILLION​


An NFT version of an arrest warrant for anti-apartheid icon Nelson Mandela has raised $130,550 at auction, with proceeds going towards a museum preserving the history of South Africa's anti-apartheid struggle.


The reserve price at the Saturday night auction in Cape Town was R900,000 ($61,800), but the non-fungible tokens or NFT, "sold for R1.9 million ($130,550) via a buyer online," Ahren Posthumus, CEO of the digital auctioneer Momint said on Sunday.
Click to expand...
ewn.co.za

NFT of Nelson Mandela's arrest warrant auctioned for R1.9 million

South Africa's first democratic, black president was arrested on August 5, 1962, and later jailed for 27 years.
ewn.co.za ewn.co.za
 
airborne said:
Actually many NFT'S now come with the full and exclusive ownership rights to the underlying artwork, including copyright and and commercial rights.

The Bored Ape yacht club guys were some of the first to do that and it seems that's the way the market is going, which makes sense seeing how expensive they are.

If you get the right NFT like the BAYC characters that become hugely popular and become a commercial success you could make a mint.

But as with traditional art most NFT'S will make you just about nothing, same with any art form - 99.9% of all art ever made will never gain much more monetary value than their basic aesthetic value.
Click to expand...
missing the point, I could take that Stupid idiot Monkey, change a Pixel that's microscopic,
and make my own set of NFT's, I mean the originals are the same exact Monkey with a few features simply randomly generated anyway.
its all a scam, just another way to fleece people and get them to pay for it

this video illustrates my point
 
I don't have a four letter word tattooed on my forehead that starts with a C and ends with a T. So no.
 
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