YOU GUYS SAID NFTS WERE WORTHLESS

[Anonymous No.30382579]

[Anonymous No.30382606]

Always do opposite of /biz. How new are you?

[Anonymous No.30382610]

do they produce value? no
but people want them anyway

[Anonymous No.30382627]

>>30382579
They are worthless (For now) but that doesn't mean it can't make you money.

[Anonymous No.30382634]

What nfts should I buy

[Anonymous No.30382665]

>>30382579
how do I profit from nfts?
do I make them?
do I sell them?
do I buy and hold theM?

I have 200 USD in ETH to spare

[Anonymous No.30382712]

>>30382579
in a year 98% of all NFTs will be worthless

[Anonymous No.30382749]

/biz/ is always right in the long term

that is the redpill

[Anonymous No.30382759]

>>30382579
Can someone explain NFT's to me? What the fuck is this shit? It's an jpeg or gif thats given monetary value? What does it do? Is it a type of crypto? Im confused.

[Anonymous No.30382785]

>>30382579
So what? Now that you know they are worth something you should buy the exchange - get Enjin and wait a couple years.

[Anonymous No.30382811]

>>30382759
does the person who makes the JPEG have to pay tax on each one they sell?

[Anonymous No.30382846]

>>30382759
rich celebs are buying/selling gifs
I see it as money laundering, but it can be useful otherwise, imagine decentralized Steam store or something alike, there are money to be made, but I can't see how I can profit from it rn

[Anonymous No.30382873]

>>30382759
So I was also just learning about NFTs. Imagine its like a digital license that allows usage or shows somethings unique. Such as you bought an artist music track, a picture is original and you were the first buyer or designer. A call of duty/Halo/fortnite skin that has a license when you unlock/buy it and allows you to use it cross game or even cross platform

[Anonymous No.30382897]

>>30382811
It depends on the country because if you are in India or Bolivia you dont pay taxes.

[Anonymous No.30382935]

>>30382811
if its a profit - yes, but do you make profit with $67 in gas fees just to post it?

[Anonymous No.30382939]

>>30382759
NFTs means non fungible token, meaning each token is unique and indivisible, like a house. One house is not the exact same as another house. This is unlike dollars or bitcoin, where 1 BTC is the exact same as another 1 BTC.

In theory, NFTs can be used for a lot of things, almost anything. The reality is most NFTs are completely fucking useless. The NFTs you see are probably all art NFTs that speculators are buying and trading.

[Anonymous No.30382961]

>>30382759
an NFT is a token ID that is mapped to a wallet address, that's literally all that it is. the ID can also be mapped to a URI, which is a link to a file that contains some data about the token, like an image URL and some descriptive attributes about it.

it's just a link to a file

[Anonymous No.30383012]

>>30382961
does it stay forever, or it could be gone in years or something? does it depend on the ethereum network?

[Kikbaev No.30383072]

hahaha stay away from this fuckers, i will never click on your fckn links, don’t even try! my pajeet slaves will suffocate you to shizo
i actually don’t care, i already invested in $PHR and just prepare for graphene distribution

[Anonymous No.30383129]

Can't you just screencap NFT artworks and save them as jpegs/pngs?

[Anonymous No.30383154]

>>30382665
how does the gas fee sound?

[Anonymous No.30383184]

The fucking NFT spider is up for bid...

[Anonymous No.30383226]

>>30383154
they ask me for $70 to post a fucking gif

[Anonymous No.30383230]

>>30383012
it depends on what functions are in the contract. and an NFT would only depend on the ethereum network if that was where it was originally minted, generally speaking. by that i mean it's possible for NFTs to be traded cross chain, after the code for it exists, so in that sense they don't necessarily depend on the eth network

[Anonymous No.30383280]

>>30383129
yeah and you could also create your own NFT using the same image. but if you tried to sell it then it would technically be counterfeit so it might have no value.

[Anonymous No.30383320]

>>30383230
so can i make NFTs of a sharpie in my ass and have pervs pay for it? Im actually curious.

Also can someone speculate on this >>30382873

[Anonymous No.30383361]

>>30383230
I want to know more about the transfer from network to network, if thats a thing, I think I am going to be bullish on pepe mints

[Anonymous No.30383449]

>>30382759
we all are, mate. they're fucking nonsense. i think the art thing is a beta test to see if they'll work as real world ownership of tangible assets (houses, cars etc) but this jpg thing is a load of shit. It gets the term out there though. on people's radar.

[Anonymous No.30383534]

you can't make money out of NFTs unless you are an already established artist or have freinds who run news piece on cryptosites to shill your work. you could get lucky I guess and one of your memes gets popular but thats like a $200 dollar gamble due to gas fees

[Anonymous No.30383589]

>>30383361
i don't think anything exists for it yet, but it's just the same process that wrapped coins use. like how you can trade btc/ltc etc. on ethereum, they are "wrapped" versions of the coins. each wrapped version of a coin represents the actual real version of the coin somewhere else, sitting in some wallet somewhere. the wrapped version is just a receipt for that real version, that you can use on a different network to trade with.

[Anonymous No.30383628]

Turn a deed into a NFT and then we're talking. I'll make an NFT for my 2010 Chevy Impala and sell it for 20x it's worth.

[Anonymous No.30383643]

>>30383320
>so can i make NFTs of a sharpie in my ass and have pervs pay for it? Im actually curious.
yes you can, if you can market it well

[Anonymous No.30383655]

>>30382579
Lukso roadmap this month
1. Tier 1 Exchange announcement
2. German Premier league team partnership
3. Mainnet
4. Launching of Dematerialised.
5. Announcement of partnerships.
6. Deployment of dapps.
7. Flexing of Ethereum 2.0 tech.
8. NFT 2.0 standards erc725
9. Universal profiles.

Oh did I mention the founder is the guy who invented the erc20 standard on which all eth shitcoins are built?
How about the fact that he also developed the web3.js library, on which almost all dapps are built.

Invest into people anon, don’t fall for disinfo and misinfo.
Ofcourse the youtuber shilled nfts will pump hard one day, but look at that consistent growth on lukso.

[Anonymous No.30383683]

99% of NFT value comes from wash trading

[Anonymous No.30383854]

>>30383683
Not really nfts are getting pushed hard by “influencers” because its free money for them to leech their npc followers.
Unsustainable in the long run and just like card, its value drops down as soon as you purchase it off the influencer who sold it.

[Anonymous No.30383878]

>>30383683
what is wash trading

[Anonymous No.30383914]

>>30383878
>A wash trade is a form of market manipulation in which an investor simultaneously sells and buys the same financial instruments to create misleading, artificial activity in the marketplace
Same shit as BNB

[Anonymous No.30383941]

>>30383655
Also wanted to add, you can’t bet on which nfts will win or lose but think of lukso as a nft index fund. It’s building the nft standard and platform and it will succeed simply because of the guy behind it.
So this is a stress free investment.
You’re investing in platforms rather than the nfts themselves which is a lot less risky.

[Anonymous No.30384008]

>>30383854
car*
>>30383878
High frequency buys and sells by bots usually deployed by the platform itself.

[Anonymous No.30384059]

>>30382579
Worth and cost are two different things.

[Anonymous No.30384115]

>>30383878
It’s when you buy and sell different soap products

[Anonymous No.30384356]

>>30384115
thanks

[Anonymous No.30385516]

1
Create a NFT Card Game
2
Online competition offers millions in valuable assets rl and digital
3
Only cards you own can be used

[Anonymous No.30385774]

>>30385516
This cat, for example, magnificent as it is, could easily reach good prices.
Dogecoin accepted.

[Anonymous No.30385795]

>>30382579
/biz/ literally doesn't know anything about investing and just shills meme coins all day

[Anonymous No.30385848]

>>30385774
One could fund a film and own a segment in it. How much for the opening of The Godfather?
Or pic related? A whole lot.

[Anonymous No.30385883]

>>30382712
Bullshit. The ones you're talking about now - maybe - but NFT utility hasn't scratched the surface yet. People will store house deeds/contracts/anything of value in NFT form.

[Anonymous No.30385992]

I must however highlight the excessive lack of any artistry whatsoever displayed in almost all the presently available "art" and the staggering implication mid to long term.

[Anonymous No.30386026]

>>30382579
They are worthless doesn't mean people won't buy them off you for more than you paid. Also what is the agreed upon NFT platform to trade off I don't even know where to get started

[Anonymous No.30386104]

Of course they are. /biz/ is getting flooded with all of this artificial hype to get you guys to buy these useless "art" pieces.
Not saying that NFTs won't be useful in the future, though. There are many potential use cases but the digital collectible art shit is just a fad.

[Anonymous No.30386153]

My BAO, SENT, and OMI are pumping. Been lightly shilling you Guys for weeks.

Pic rel. it’s me.

[Anonymous No.30386235]

>>30385795
>invests 10k
>holds for 5 years
>makes $600

>I’m better than all you fags because I make slow money while gambling on stuff just as risky.

You sound like a boomer

[Anonymous No.30386299]

https://murall.art/draw

[Anonymous No.30386706]

Its bitconnect 2.0 retard. Look when bitconnect came out we were already saying it is a scam but it took months and months and only when the bull run was on it its last gas did it slowly unravel. Doesn't mean it's a scam it won't last long, but its just a matter of time.

[Anonymous No.30386779]

>>30382579
This is clownworld. Adapt to the trends no matter how ridiculous or miss out on ez $

[Anonymous No.30386844]

>>30382846
with $150,000 games

[Anonymous No.30387026]

>>30382846
I was thinking the same thing the other day, developers could use it to prove someone owns the game. If anyone knows of a project attempting to do this could you shill it here please?

[Anonymous No.30387487]

>>30386026
Is there a NFT exchange yet?

[Anonymous No.30389014]

>>30382579
value and price are different.
coinflux network is adding real value to them independent of price.
might as well ride the wave while it's high, fren

[Anonymous No.30389225]

>>30382579
They are, just like btc

[Anonymous No.30389317]

>>30382579
Did I? oh yes I think I did, silly me :D

[Anonymous No.30389386]

>>30382634
ones that are worth $1m+

[Anonymous No.30389502]

>>30383280
how do you determine which one is real? do you rely on the creator to verify anything?

[Anonymous No.30389530]

>>30382759
proof of origin tx code
this is where the value comes from
like a celebrity autograph
its a fair assumption that digital collectibles will appreciate in value as we move to a more and more dystopian pod-living digital world
more usecases will also inevitably be developed for them
(not talking about nfts made by nobodies, they will depreciate in value to worthlessness)

[Anonymous No.30389607]

Remember that crypto cat shit for ethereum right before the 2018 crash?

[Anonymous No.30389618]

>>30389530
to carry on from this
im interested to see how national & international copyright law is going to deal with massive amounts of copyright infringement from these assets
wondering what will happen to assets that are in violation of copyright but have already been minted and sold on, platforms may have to straight up delete them