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tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
7163 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
What are you guys doing with the NFTs? Won't they become worthless over time when a new NFT play gets released every week?


TigeRoots
New Orleans Saints Fan
Member since Oct 2008
7668 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
Very likely at this point I’m beginning to realize. Extremely saturated IMO.


tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
7163 posts

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

Very likely at this point I’m beginning to realize. Extremely saturated IMO.


I truly hope you guys crush it with NFTs, but unless it's tied to something like a video game, I can't do it.

I will continue to follow the thread, so please let me us know if you find a golden opportunity. Star Atlas was one, but I couldn't move money around fast enough to get in early.


FnTigers
LSU Fan
Member since Sep 2021
75 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
Build a lot of hype around something. Share how exclusive and rare it is, get people excited. Many folks make a lot of money and many others get REKT. You always have a winner and a loser. It's the trading game.

How can it be sustained? My guess is 99% of the things being bought and sold by those here will be worthless in no time with maybe the exception of a few.


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30
castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
76373 posts

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

I truly hope you guys crush it with NFTs, but unless it's tied to something like a video game, I can't do it.

I will continue to follow the thread, so please let me us know if you find a golden opportunity. Star Atlas was one, but I couldn't move money around fast enough to get in early


Guilds of Guardians


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down time
Member since Oct 2013
970 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
I just picked up flunk donkey community College

Well see it looks pretty good. Group is active.

Anyone suggest a good ada nft marketplace?
This post was edited on 9/12 at 7:32 pm


TigeRoots
New Orleans Saints Fan
Member since Oct 2008
7668 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
I got a couple of Donks. Discord seems pretty positive. Small price to pay…


down time
Member since Oct 2013
970 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
I hope they hit solanart before digital eyes. Any chance????


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castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
76373 posts

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

Nah found out too late.
I got one over the weekend at 0.4 eth. let's see what happens.


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adamau
US Marine Corps Fan
Member since Oct 2020
1400 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
Castor,

got a couple question for you. considering dipping a toe into eth pond. know I'll need to buy eth and transfer to metamask just like phantom with Sol.

questions: how bad are gas fees for a mint and how much should I expect to lose just to try. tips to help appreciated.

Also: is there gas fee added to buy on opensea and if so how much there?



eta: I don't think I'm going to be able to get it all sorted out comfortably before the mint, but you ETH guys may want to look at Galaxy Eggs. thought they were completely different and pretty cool and have legit artist in charge and pretty big following.
This post was edited on 9/14 at 7:08 am


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
76373 posts

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

questions: how bad are gas fees for a mint and how much should I expect to lose just to try. tips to help appreciated.
It's entirely driven by the kind of demand the drop has, and hard to predict. But for the most part, if you're trying to flip immediately after the public sale (aka not taking into acct the project's merit), then it's almost always worth it especially if you get multiple. Some people just can't stomach paying fees that are much higher than the underlying item.
For example, look at these two different transactions. One is someone minting a galaxy egg, the other is someone buying a galaxy egg off opensea after the mint. Fees look scary in the mint, but which one is cheaper overall?



quote:

Also: is there gas fee added to buy on opensea and if so how much there?
yes, depends on what's going on with the blockchain. When there isn't a huge drop clogging traffic, it's in the 0.01-0.03 range these days.

Gas sucks. But typically high gas usually means it's going to be worth it for a quick flip. If you're trying to buy something, target the "quiet" times for low gas fees.
Right now, super selective on long holds.


adamau
US Marine Corps Fan
Member since Oct 2020
1400 posts

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

Right now, super selective on long holds.


1000% agree with this atm, very very saturated environment.

Yeah, figured that was the case, but saw some odd stuff on discord, like some Chineese whale reserved a whole block of like 800 by finding the contract, while lots of regulars spent over 1,000 in gas and got nada. Just seems like ETH process takes a good bit more study to complete safely. (although it may be only option if SOL is DED :)



Thanks for the help and keep eyes open for anything that legit looks interesting.



castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
76373 posts

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

Yeah, figured that was the case, but saw some odd stuff on discord, like some Chineese whale reserved a whole block of like 800 by finding the contract, while lots of regulars spent over 1,000 in gas and got nada


A little trickier than that. I minted (well tried to mint) from the contract as well, but that's not the unusual. But yeah regulars were paying more.
No one lost that much on gas though, if your transaction doesn't go through, you don't lose the whole amount of gas you were trying to pay.

Now, there's times where a project fricks up the way the contract is written and people lost their arse on gas lol.


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castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
76373 posts

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

I got one over the weekend at 0.4 eth. let's see what happens.
cryptodads looking good


OneMoreTime
SMU Fan
Florida Gulf Coast Fan
Member since Dec 2008
60814 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
This one is coming out after the Col-5 upgrade on Terra. Should be out early October LINK

I think these will be good for a hold.


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TigeRoots
New Orleans Saints Fan
Member since Oct 2008
7668 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
Fancy Frenchies blowing up after mint tonight on SOL. Steve Aoki pumping on Twitter, changed his profile pic. Floor is getting swept on Solanart, I can’t get a buy in. Damn.


down time
Member since Oct 2013
970 posts

re: OFFICIAL NFT Thread - FAQ and Drop Information
I think the mint was white list / pre-sale only plus a ton of scams. They sold out before the site stabilized.


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LordSaintly
New Orleans Saints Fan
Member since Dec 2005
34985 posts

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

Fancy Frenchies blowing up after mint tonight on SOL.


Yeah I bought a common on secondary market. Gonna hang on to this for a while.


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