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rocket31
Toledo Fan
Member since Jan 2008
39735 posts

OFFICIAL NFT Thread - FAQ and Drop Information
What is an NFT? A non-fungible token (NFT) is a unique, individual token existing on a blockchain such as Ethereum or Solana - unlike cryptocurrencies or bitcoin, each NFT token contains unique data meaning non-fungible tokens are not interchangeable with each other - this means their use cases differ greatly from their fungible counterparts.

How is it different than regular crypto? A good example is a dollar - if you and I both have a dollar — we can swap dollars and it doesn’t matter, neither of us lose out because they are equal. whereas with non-fungible tokens they are both unique, meaning if we both have an NFT, mine could be a Ethereum Punk, and yours could be a Solana Llamas — obviously, we cannot exchange these two equally.

Where to buy? Drops, Auctions, or secondary market - new projects are always minting - at the time of this thread, the most popular secondary marketplace for ETH NFTs is opensea LINK /

the most popular marketplace for SOL NFTs is solanart LINK /

What gives an NFT its value?

uniqueness, scarcity, collectibility, shareable, immutability, resellable and signaling social status

ADA and BNB NFT marketplaces are coming soon
This post was edited on 8/25 at 12:44 pm


rocket31
Toledo Fan
Member since Jan 2008
39735 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
For information about Tezos NFTS, see this post: LINK


Recommended wallet for SOL NFTs: phantom

Updated daily list of SOL NFT drops
LINK

updated daily list of ADA Drops
LINK /

cntf.io - ADA NFT marketplace (no smart contracts as of 09/02/2021
This post was edited on 9/2 at 11:22 am


rocket31
Toledo Fan
Member since Jan 2008
39735 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
LINK

Visa buys ETH punk today


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01
BigPerm30
Chicago Cubs Fan
Member since Aug 2011
18158 posts
 Online 

re: OFFICIAL NFT Thread - FAQ and Drop Information
This is the money board. Someone tell us how to make money on this nonsense. Someone bought a drawing of a fricking rock for $600k.



$608k for a rock
This post was edited on 8/23 at 2:11 pm


JohnnyKilroy
New Orleans Pelicans Fan
Cajun Navy Vice Admiral
Member since Oct 2012
29099 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
quote:

Someone bought a drawing of a fricking rock for $600k.


Damn that's a steal


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82
OneMoreTime
SMU Fan
Florida Gulf Coast Fan
Member since Dec 2008
60822 posts
 Online 

re: OFFICIAL NFT Thread - FAQ and Drop Information
quote:

Someone tell us how to make money on this nonsense.
Getting in on the minting of a legitimate project seems to be the best way


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20
FieldEngineer
LSU Fan
LP trash
Member since Jan 2015
791 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
quote:

Someone bought a drawing of a fricking rock for $600k.


Money laundering, I assume.


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190
WDE24
Yale Fan
Member since Oct 2010
49456 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
And etherpaper is trending because…paper beats rock.

You’ll never guess what is all trending? Hint: because it beats paper


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00
TigeRoots
New Orleans Saints Fan
Member since Oct 2008
7693 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
Nice thread, been wanting to do this.


el Gaucho
LA-Lafayette Fan
bawcomville
Member since Dec 2010
44364 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
I reverse mortgaged my house to buy pictures of beanie babies

Gonna be rich soon


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190
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TigerDeBaiter
LSU Fan
Member since Dec 2010
9209 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
The new pet rock! JPow better take note of this…


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TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
78041 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
quote:

Someone bought a drawing of a fricking rock for $600k
Those $100k+ NFTs are money laundering FWIW.


Who_Dat_Tiger
LSU Fan
Member since Nov 2015
9907 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
quote:

Someone bought a drawing of a fricking rock for $600k.



And I just copied and saved this pic on my phone. This imitation I have saved must be worth at least $6k.

Found this below for $8.5k. Looks like a steal Got a copy to make some fakes. This how fake Rolex’s got started? That was a booming business in the 90s and 00s



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04
rocket31
Toledo Fan
Member since Jan 2008
39735 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
quote:

Those $100k+ NFTs are money laundering FWIW.


def not (or at least not all of them)
This post was edited on 8/23 at 3:28 pm


rocket31
Toledo Fan
Member since Jan 2008
39735 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
quote:

Someone tell us how to make money on this nonsense. 



get in on the drops and flip for profit or buy and hold

this guy bought one for 0.58 eth and flipped it for 1000 eth in 2 months

LINK
This post was edited on 8/23 at 3:30 pm


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21
Brettesaurus Rex
New Orleans Saints Fan
Baton Rouge
Member since Dec 2009
37807 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
I’m not saying you can’t make money on these, but Jesus, there is so much silly money in this right now.

I also happen to think it’s waaaaay ahead of its time. I think the “digital record” idea is one that’s very useful in general processes, protocols, proof of ownership. Etc. But I think the cliff is gonna be steep for these little random GIFs and pics going for insane amounts of money.

In the future when there’s some kind of more pervasive “virtual” world, I see NFTs being much more useful. Your “house” can be full of all the NFTs you’ve accumulated like music, art, collectibles in general.

But I do think the whole “uniqueness” of them is way overblown. I understand technically you can be the “owner” of it, but I can get a copy no problem. I just don’t see how it’s sustainable.


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40
rocket31
Toledo Fan
Member since Jan 2008
39735 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
quote:

Nice thread, been wanting to do this.


we spend what... 4-10 hours per day on our phones or computers per day?

so it makes sense for digital items and images to be attached to a monetary value imo

with that said, long term, id be cautious that all of these will hold value but some certainly will. I mostly buy and flip and only hodl a few that a feel have a culture behind them


WDE24
Yale Fan
Member since Oct 2010
49456 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
quote:

id be cautious that all of these will hold value but some certainly will.
most will be worthless. Some will likely hold value.

quote:

only hodl a few that a feel have a culture behind them
How do you evaluate this? Seems too random to be much of anything other than luck, but I’m open to learning.
This post was edited on 8/23 at 3:44 pm


rocket31
Toledo Fan
Member since Jan 2008
39735 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
I personally scan discords/twitter for engagement and community involvement. the development team is also something to look into, how much do they care to market? are they in it long term or just for a quick buck? etc.

it took a few years for eth punks to really take off so all this is still a gamble and I'm not suggesting otherwise.

but you can easily flip 1000x your buy in, in some situations, if you're just a flipper

some of these projects you'll have an opportunity to get in on the ground floor and then it depends on how the culture around the NFT evolves down the line.

I also feel like normies will eventually prefer holding NFTs over bags of dogecoins, for example. so we can still front run people like that


barbapapa
New Orleans Pelicans Fan
Member since Mar 2018
2179 posts
 Online 

re: OFFICIAL NFT Thread - FAQ and Drop Information
which ones are good to buy in the short to medium term?

my buddy who is very into it likes supducks and dogs unchained
This post was edited on 8/23 at 4:23 pm


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