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re: OFFICIAL NFT Thread - FAQ and Drop Information

Posted on 1/21/22 at 1:18 pm to
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 1/21/22 at 1:18 pm to
NFTs are the only thing left that's uncorrelated from traditional asset classes

it's basically art but repackaged on the Blockchain so it's actually a rational investment all things considering

my jpeg port outperformed everything else in 2021 and I was even rugged a few times lol



Posted by Peytonknows
NOLA
Member since Nov 2006
17465 posts
Posted on 1/21/22 at 1:25 pm to
Where do you go to learn about these things? I’m guessing it’s getting in before others and waiting for it to get hot. I’ve been reading some of your posts in other threads. What’s a good place to source info for things like this.
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 1/21/22 at 1:31 pm to
it's more complicated than it seems but it requires an understanding of scarcity, utility, aesthetics

community and engagement are also important

my best advice is to jump in and immerse yourself into the space

join discord..follow Twitter..download phantom wallet. try to mint a project.

botborgs is probably the hottest upcoming mint. guaranteed money maker because the demand is so high
This post was edited on 1/21/22 at 1:33 pm
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 1/21/22 at 1:31 pm to
quote:

Then a profit share type deal? Are these safe to use? Any other info y’all might have.


I'm searching for the next "axie infinity" and to be very early to find it. I'm not saying crabada is it, but just look at them. Syn City, illuvium, decentral games ice poker are/will be good p2e games to make money on. I would avoid ethereum games without an L2 solution. Read this
https://medium.com/ironsource-levelup/deconstructing-axie-infinity-is-play-to-earn-the-future-bc3f32af2f2a
This post was edited on 1/21/22 at 1:37 pm
Posted by Peytonknows
NOLA
Member since Nov 2006
17465 posts
Posted on 1/21/22 at 1:54 pm to
Ok that article helps for sure. Fairly complex with things dependent on each other. Makes sense though.

Also rocket you said download phantom wallet. LINK / That?
Posted by Peytonknows
NOLA
Member since Nov 2006
17465 posts
Posted on 1/21/22 at 1:55 pm to
Thanks to both of y’all for replying. Any other tips and things I should know I’d be welcome to hear when y’all get time or bored.
This post was edited on 1/21/22 at 2:25 pm
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 1/21/22 at 2:05 pm to
yeah its just a chrome extension for now

i recommend phantom because gas fees are like 0.001 on solana so youre not out much if the nft fails, compared to eth/metamask where gas can be hundreds of dollars

mobile wallet should be here soon for phantom.

opensea is the most popular nft space for eth. magic eden is the most popular for sol

you can learn more just be joining the discords and learning about the utility of projects that way.

i dont trust most of this stuff long term so do not be afraid to sell if you get a profit.
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 1/21/22 at 2:07 pm to
also netflix tweeting about nfts today is amusing in multiple ways lol
Posted by Peytonknows
NOLA
Member since Nov 2006
17465 posts
Posted on 1/21/22 at 2:26 pm to
Right. I’ve been watching the discord and all the past few weeks. Any particulars you watch for NFT’s? I’ve mainly been watching them for crypto. I’ve watched a few YouTube for NFT. thanks for the help.
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 1/21/22 at 2:32 pm to
i honestly have no idea what to look for these days, the narrative is constantly changing so youre guess is as good as mine.

i dont see any particular edge right now other than to find nfts with high demand and scarcity. mint those and sell or hodl for profits.

there are some intrinsic benefits like being a part of a community and social engagement with other like-minded people that is important too but thats not really fiscally motivated.

as long as male loneliness continues to be thing, nfts will continue to be popular, thats my basic thesis moving forward

Posted by eng08
Member since Jan 2013
5997 posts
Posted on 1/21/22 at 2:42 pm to
You sell your suite?
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 1/21/22 at 2:49 pm to
yea I sold day of mint
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 1/21/22 at 8:24 pm to
quote:

as long as male loneliness continues to be thing, nfts will continue to be popular, thats my basic thesis moving forward


nfts will evolve into more useful tools. Its a great way to raise capital and build active community. Coins are just numbers but nft gives digital identity. Its your share of the company in many ways. this won't just go away. 99% of roadmaps are fake tho.

A good example is syn city. Nobody really cares about the copper launch, but they would give you anything for a genesis pass.
This post was edited on 1/21/22 at 8:27 pm
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 1/23/22 at 10:55 pm to
Looks like $synr is not selling. Scratch that. Risky degen play, but heard meta platforms is talking to worldwide webb land. Nfa. someone take my computer away.
Posted by TigerDeBaiter
Member since Dec 2010
10480 posts
Posted on 1/23/22 at 11:08 pm to
Have NFTs taken as big of a hit as the rest of the market?
Posted by TigeRoots
Member since Oct 2008
8534 posts
Posted on 1/24/22 at 6:14 am to
Not really, the underlying tokens obviously have, but I haven't seen NFT's dip all that much.
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 1/24/22 at 9:15 am to
nft are bleeding usd too. but they've held stronger than the underlying coins. i'm convinced there will be an nft/gamefi market in a coin bear.
This post was edited on 1/24/22 at 9:17 am
Posted by LordSaintly
Member since Dec 2005
40527 posts
Posted on 1/24/22 at 11:08 am to
Anyone else trying for Botborgs today on SOL? I'll be on a fast ethernet connection at work so maybe I'll get lucky.
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 1/24/22 at 11:14 am to
yea botborgs might break solana again

highest demand drop ever im going to guess.
Posted by LordSaintly
Member since Dec 2005
40527 posts
Posted on 1/24/22 at 11:18 am to
quote:

highest demand drop ever im going to guess.



That's my understanding.

2.5 SOL at a 10,000 supply is a tad concerning, but the hype is palpable.
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