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Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

NFT Hot Talk

RoadDawg55RoadDawg55 Member Posts: 30,123
edited May 2022 in Tug Tavern
Anyone gotten into them yet?
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Comments

  • greenbloodgreenblood Member Posts: 14,505
    I'm not interested, so it will probably make people a fortune.
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  • UWerentThereManUWerentThereMan Member Posts: 3,475
    edited March 2021
    I got some on WAX in January, spent about $60. Basically expensive jpgs and gifs.
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  • RoadDawg55RoadDawg55 Member Posts: 30,123
    greenblood said:

    I'm not interested, so it will probably make people a fortune.

    It seems mostly fake and like bullshit. That said, there is real money there when Mark Cuban and Gary Vee are all the way into it.

    The music industry stuff going on is pretty interesting. Kings of Leon were the first to test it out.

    “Owning” a LeBron dunk or virtual art seems so stupid tho. You don’t actually own shit. It’s a crazy world we live in.
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  • PurpleThrobberPurpleThrobber Member Posts: 44,742 Standard Supporter
    The Throbber dropped $69 Million on one.

    Nothing special.

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  • SourcesSources Member, Swaye's Wigwam Posts: 4,011 Founders Club
    I think the interesting angle is using them for proof of ownership or joint ownership - essentially tying a physical good to an NFT.

    Paying millions for a .gif is beyond fucktarded.
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  • ntxduckntxduck Member Posts: 5,898
    edited March 2021
    I got into topshot a couple months ago just because it’s easy to flip shit for $ rn.
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  • greenbloodgreenblood Member Posts: 14,505
    edited March 2021
    RoadDawg55 said:

    greenblood said:

    I'm not interested, so it will probably make people a fortune.

    It seems mostly fake and like bullshit. That said, there is real money there when Mark Cuban and Gary Vee are all the way into it.

    The music industry stuff going on is pretty interesting. Kings of Leon were the first to test it out.

    “Owning” a LeBron dunk or virtual art seems so stupid tho. You don’t actually own shit. It’s a crazy world we live in.
    The ownership is what gets me as well. Also, it loses to physical ownership in one huge way. It's like owning physical precious metals. You do have to pay a spot price. However, instead of selling paper silver where gains are recorded, you can sell your physical silver and treat the gains like a barista treats their Dutch Bros tips.
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  • RoadDawg55RoadDawg55 Member Posts: 30,123
    I don’t understand it at this point. Someone bought and owns the new Kings of Leon album for 6 million. Does that mean they get money from streams and album purchases? Can the owner license songs off the album to commercials, movies, tv shows, etc? I don’t understand how there is any value in owning the album if they can’t profit off owning it other than re-selling it as a NFT for a higher bid. It’s confusing as fuck.
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  • greenbloodgreenblood Member Posts: 14,505
    RoadDawg55 said:

    I don’t understand it at this point. Someone bought and owns the new Kings of Leon album for 6 million. Does that mean they get money from streams and album purchases? Can the owner license songs off the album to commercials, movies, tv shows, etc? I don’t understand how there is any value in owning the album if they can’t profit off owning it other than re-selling it as a NFT for a higher bid. It’s confusing as fuck.

    It's really stupid, which is why people will get filthy rich off of it.
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  • 1to392831weretaken1to392831weretaken Member, Swaye's Wigwam Posts: 7,674 Swaye's Wigwam
    greenblood said:

    RoadDawg55 said:

    I don’t understand it at this point. Someone bought and owns the new Kings of Leon album for 6 million. Does that mean they get money from streams and album purchases? Can the owner license songs off the album to commercials, movies, tv shows, etc? I don’t understand how there is any value in owning the album if they can’t profit off owning it other than re-selling it as a NFT for a higher bid. It’s confusing as fuck.

    It's really stupid, which is why people will get filthy rich off of it.
    Like derivatives...
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  • greenbloodgreenblood Member Posts: 14,505
    I am thinking about buying some stock in companies tied with NFT’s. Any suggestions?
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