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/biz/ - Business & Finance

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30369902 No.30369902 [Reply] [Original]

I literally don't understand NFTs

>> No.30370033

ERC-20 = fungible token = any token can be traded for any other at equivalent value (1 ETH = 1 ETH)

ERC-721 = non-fungible token = each token has its own unique qualities and therefore value (1 cryptokitty != 1 cryptokitty)

>> No.30370076

>>30369902
i put up one of my songs for sale on opensea and nobody wants to buy it, why the fuck did i waste 50 dollars in gas lol

>> No.30370113

>>30370076
Only celebs and e-celebs will make money on NFTs like that, don't bother otherwise.

>> No.30370135

i sold a gif for 1eth

>> No.30370196

>>30370033
how can you know the NFT you bought is gonna sell?

>> No.30370218

>>30370196
you don't, it's all hype and marketing

>> No.30370259

>>30370076
i'll check it out anon. link?

>> No.30370306

Money laundering

>> No.30370402

If you look for an NFT gaming then you have to check thecryptoprophecies

>> No.30370470

>>30370259
https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/92073353538720246749892985065995981851098645236122003587871485460185928957953

>>30370113
fuck it i did it for the memes

>> No.30370482

can i just sell my new pepe as a nft instead of posting it here?

>> No.30370909

Buy OGN

>> No.30371019
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30371019

>>30369902
Just buy and hold RLC

>> No.30371073

>>30370482
Yes, i think that is the basis of pepecoin