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re: Bored Ape Yacht Club
Posted on 8/5/21 at 11:16 am to castorinho
Posted on 8/5/21 at 11:16 am to castorinho
quote:
The long term appeal is that if NFTs make it, these will be the "first ones" and that's going to stick. You can take plenty of examples throughout history where this holds. That includes a shite ton of things that have no longer have any utility whatsoever. So when the "tool" part of your post (which I agree with) no longer serves a purpose because some new tech came along, being the first thing is going to matter.
I guess I question whether or not the collectible nature of NFTs is futile when they can’t really be destroyed/lost/etc like collectibles of old. I get the idea of people jumping in thinking it’s the next Honus Wagner, but outside of that group outbidding themselves, is there a broader market for something that will always have close to 10,000 available?
2
Posted on 8/5/21 at 11:19 am to slackster
quote:
they can’t really be destroyed/lost/etc like collectibles of old
And the barrier to creating more is virtually nonexistent. For the sports collectible example...there are only so many game worn jerseys to get signed, only so many actual signatures that can be obtained. There's an element of scarcity, and of course the tangible nature of sports collectibles. So I'd say that's an apples to oranges comparison.
This post was edited on 8/5/21 at 12:04 pm
Posted on 8/5/21 at 11:26 am to Chucktown_Badger
scarcity exists whether it's tangible or digital.
what an absurd argument
they're can never be another 10k original apes
what an absurd argument
they're can never be another 10k original apes
This post was edited on 8/5/21 at 11:27 am
Posted on 8/5/21 at 11:36 am to slackster
quote:
is there a broader market for something that will always have close to 10,000 available?
if you're a collector who thinks NFTs are just in the infancy stages then you're getting in on the ground floor
the broader market is all the potential new users
no different than buying Facebook stock in 2001
Posted on 8/5/21 at 12:19 pm to castorinho
One has a very rare cross earring. Nothing too crazy though other than that on the rare side.
Posted on 8/5/21 at 12:21 pm to el Gaucho
How would you get paid 35k USD for your picture of ape? I don't think you can pull that off without it being a part of the project on the blockchain.
Posted on 8/5/21 at 12:22 pm to Triple Bogey
You won't be getting paid for a screen grab.
Posted on 8/5/21 at 12:25 pm to TheOcean
Wealth is relative. Are you?
Posted on 8/5/21 at 1:08 pm to rocket31
quote:
no different than buying Facebook stock in 2001
Surely this is a joke.
To compare collectibles to equity in a company is laughable.
Posted on 8/5/21 at 1:26 pm to slackster
I'm comparing the future market of nft users to that of social media users back in 2001, because you asked for a broader market
if you think the future market of nft users will grow, then you buy now to get in early
same as if you thought the market of facebook would increase, you buy shares in 2001
the equities/collectibles distinction is irrelevant - you could however easily argue that buying collectibles is wiser than buying shares in a company
if you think the future market of nft users will grow, then you buy now to get in early
same as if you thought the market of facebook would increase, you buy shares in 2001
the equities/collectibles distinction is irrelevant - you could however easily argue that buying collectibles is wiser than buying shares in a company
This post was edited on 8/5/21 at 1:27 pm
Posted on 8/5/21 at 2:33 pm to rocket31
quote:
the equities/collectibles distinction is irrelevant - you could however easily argue that buying collectibles is wiser than buying shares in a company
I’d like to hear that argument whenever you have the time.
Posted on 8/6/21 at 8:31 am to slackster
1st ed Charizard PSA 10 was $5k in 2013. Now it's 350k 
Most Pokemon products have had that sort of rise. Most other collectibles have not.
Buying the right collectible is wiser then buying shares in a company IMO, but just buying into collectibles as a whole is absolutely a money loser
Most Pokemon products have had that sort of rise. Most other collectibles have not.
Buying the right collectible is wiser then buying shares in a company IMO, but just buying into collectibles as a whole is absolutely a money loser
This post was edited on 8/6/21 at 8:32 am
Posted on 8/6/21 at 8:57 am to bluebarracuda
It is mind boggling some people cant see the value in NFT's.
Just look at the gaming industry. Just wait until the Tripple A's start tapping into this. Its going to blow up. Massive.
Just look at the gaming industry. Just wait until the Tripple A's start tapping into this. Its going to blow up. Massive.
Posted on 8/6/21 at 9:05 am to JayDeerTay84
quote:
It is mind boggling some people cant see the value in NFT's.
Seeing the value of NFTs as a technology and seeing the value of an individual NFT as an investment are two entirely different things.
Posted on 8/6/21 at 9:09 am to JayDeerTay84
quote:
It is mind boggling some people cant see the value in NFT's.
Just look at the gaming industry. Just wait until the Tripple A's start tapping into this. Its going to blow up. Massive.
NFTs are currently way overblown right now. It has staying power, but it's been in a full blown bull run since it's the new "fad". The actual rare pieces with sub 1000 mints from top artists will have staying power, but all these 10k+ mints will begin dying off once the fad moves on. See NBA top shot. The actual rare moments are doing fine but everything else is basically junk
This post was edited on 8/6/21 at 9:19 am
Posted on 8/6/21 at 9:17 am to slackster
quote:
Seeing the value of NFTs as a technology and seeing the value of an individual NFT as an investment are two entirely different things.
I dont think people really understand what NFTs are capable of. For gaming, you actually use them. There are games, think of Pokémon style, where the battle character is an NFT. Not only does it have a value that can increase, you use it in game.
Think of something like Call of Duty adding them in. You can earn a rare NFT skin for winning X games or something. You can use that skin on your account or sell it for someone else to use.
Its amazing really.
This post was edited on 8/6/21 at 9:19 am
Posted on 8/6/21 at 9:18 am to bluebarracuda
NFT pumps always front run big jumps in Eth. It’s almost like these guys fool people into overpaying for this shite as the original devs are able to significantly increase their Eth stacks
Posted on 8/6/21 at 9:28 am to JayDeerTay84
quote:
I dont think people really understand what NFTs are capable of. For gaming, you actually use them. There are games, think of Pokémon style, where the battle character is an NFT. Not only does it have a value that can increase, you use it in game.
Think of something like Call of Duty adding them in. You can earn a rare NFT skin for winning X games or something. You can use that skin on your account or sell it for someone else to use.
Its amazing really.
So how do we make money with this, long term?
Posted on 8/6/21 at 9:48 am to slackster
Yea that whole explanation is pretty terrible.
The values of those NFTs would all be based on their competitive viability within that game, which would be ever evolving making it very poor investment vehicle.
Hasbro/Wizards, Pokemon and Konami have no NFTs coming any time soon. Shows just got little these companies (just the 3 largest TCGs in the world) care about it
The values of those NFTs would all be based on their competitive viability within that game, which would be ever evolving making it very poor investment vehicle.
Hasbro/Wizards, Pokemon and Konami have no NFTs coming any time soon. Shows just got little these companies (just the 3 largest TCGs in the world) care about it
This post was edited on 8/6/21 at 9:51 am
Posted on 8/6/21 at 10:30 am to bluebarracuda
Lol. You guys might want to learn how much these company’s make selling game skins right now and other in game items.
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