/biz/ - Business & Finance

Wtf are NTF's

>>30097924
*NFT typo

>>30097924
some tulip mania normies are going bonkers over. honestly kinda bullish since it'll keep normies away for a while.

>>30097924
Rare Pepes IRL

Call me a boomer, but I don't get this NFT hype.
People really buying this?

>>30098319
it's mostly whales washing their money right now, but NFT's have a huge potential at becoming mainstream.

>>30097559
this shit reeks of bubble. Look at the fucking art. The only reason people are willing to pay money for them is the NFT novelty. go ahead and try to make your money now, but be cautious about "investing" in NFTs long-term

>I bought one too! But it was free
what did mean by this?

https://opensea.io/collection/the-pepe-merchant/

>>30098916
ya ,100% it's just like the ICO bubble. I wouldn't buy any of that NFT garbage, but investing in the NFT dApps might be the ticket to mars.

It feels insane holding buying urbit on opensea and knowing that I'm the only fucking person buying something useful on that site and everyone else is investing millions of dollars in pixelated pictures of blaq people

>>30098916
>The only reason people are willing to pay money for them is the NFT novelty.


nope
not novelty

just crappy art that people think will increase in value overtime because of NFT-Crypto-Fomo-Hype .. everyone is saying NFT is the new shit , but no one actually cares about how good the art is, only what kind of money it will sell for once they purchase it now and hodl

>>30097559
People mistaking NFT tokens for art was already a top signal, now that celebrities are getting in this is pretty much the end

Alright fuck it I'm going to finally buy some rari god damn this is fucking stupid

>>30097559
Anons, what the fuck is the deal with NFT. Links? Data? Have no fucking clue what it's all about.

>>30099452
with celebs talking about it, we might be close to the top but I feel like there's still a lot to squeeze out of this market in the next two months

>>30097924
I think it's like a picture or drawing is attached to a unique crypto type token which only exists as a representation of ownership of that image.

Even though you can right click and save those images, you don't own the token of that image.

It's a lot of gay ass tulip mania.

here is a nft please pay me 75k for this one.

>>30099540
previously with digital art, there was no way to prove it's scarcity/originality, which is now possible with the blockchain. Also it removes the middle men for artists to distribute their stuff.

here's a good talk about it:
https://www.youtube.com/watch?v=l3ptz8qvZcg

>>30099540
NFT just means non-fungible token, like imagine if each bitcoin had a special name or picture. For urbit, the tokens are unique addresses for use on the urbit computing network. For the average normie, it means your valueless meme coin has a very special picture attached to it

>>30099999
Digits. Really crazy to see a star with 65k licenses attached to it sell for 3 ETH right next to silly pictures going for millions of dollars

>>30097559
>Not including PRT
NGMI

>>30099999
So, it's a functionality that even a lot of older projects already had for a while. NEM has been doing notarization since 2015 for example.

>>30099999
so basically a completely useless pointless thing that retarded normies will be all over? cool. how do i profit off of this

https://urbit.live/~winter-pilled

still try to have income with this erc tax?
what a fag, use BSC platforms, hold SWG and see rewards every day

>stop spending your time with trashtokens

>>30100313
Yep but it's only getting attention now.
I think it could be really valuable and useful for record companies (sell limited tracks/albums without middle men), artists (sell one-of-a-kind works without middlemen) or video game developers (replace current digital markets like the Steam marketplace or EA's Utlimate Team market).

>>30100437
ya, it has huge potential, but the craze right now is 95% bubble

>>30100366
go to the NFT section on coingecko and flip a coin.
10x your money by eom

>>30097559
What about wax

>>30100313
It's a little more complex in that my (layman) understanding of NEM is more of an annotation whereas urbit IDs are user names for a computing protocol that have associated values like reputation, btc wallets, sub-IDs.

If I were to shill urbit stars as a get rich quick scheme, I'd say you basically are buying 65,000 licenses that currently sell for about $10 each, bundled for $4-5k. But the real value is as a buy and hold, because the star will also collect hosting fees in exchange for services in the future. I truly believe it'll be in every office of major corporations in like 10-15 years max, the benefits from eg. not having to pay $6/user/month for slack are just too big

>>30100404
Based. I met the guy who owns ~minbus, and I'm jelly because it just makes me think of the short bus retards from elementary school. Hilarious ID

>>30097559
why do celebs all hop on the same shit at the same time? its like theres one group of jew managers that control them and prey on every fad the stupid ass normies eat up

>>30099768
ok except the art itself is not scarce
the token is scarce, and it's only connection to the art is that some random exchange said so

your have ownership of the token - you are the only person who can interact with it on the blockchain
meanwhile, every person on the planet can interact with your art in exactly the same manner as you. that is not "ownership."

>>30100971
just let them be its normie retards thinking they have pokemon cards

>>30097980

>>30100971
well, it's not like i'm buying any NFT art, just want to profit off of normies. Also, with it's current state, you are right, not much to do with your "original" art sitting on your wallet, but there are definitely many useful applications to NFT's ... just a matter of time

>>30101353
Imagine paying $15,000 for this shit when you could have an urbit star for a third of the price on the same marketplace. It really makes you think

>>30098319
It has potential if the correct platforms are made, little kids spend big bucks on Cskins. They just need a new CS GO.

>>30100971
It's really only for those high echelon collectors. They love having proof validated by thousands of people, it's what gives them joy. If it costs 1.1m all the more they can show off their wealth.

Whatever someone shills about being the future own ownership is bs, but it has huge trend potential for people in classes who spend more on image than substance. Imagine betting on human vanity, and you can profit. Problem is how to make it trendy.

>>30099999
huge digits.