NFTs (Crypto Collectibles) Discussion

Fwiw wait till they allow nfts to be tagged to your social media like whatsapp hahaha - like an avatar where everyone knows how much you paid for it

Social peacocking to the next level

I looked at the NBA Top Shot, where you can buy NFTs of different highlights from the NBA. The most expensive ones are from Lebron, Zion, etc. doing awesome dunks, blocks. Cool. But I kind of felt empty just looking at them - AND I am a HUGE NBA fan. Something about digital presentations the way they are on Top Shot that makes me feel like a Wall Street Sellout, if I purchased it. And I don’t even know what that means. I mean they will put stats on how many NFTs are available for that highlight, attach graphics to the cubes, how much the last NFT of this transacted, etc. It feels too much like a stock trading floor, but instead of company names, they’ve created highlights, which is even better because you pretty much have infinite bucket of highlight sources.

i guess this is good for the economy because you are creating another industry out of an existing thing, but for almost next to no cost, except for setting up the system, maintaining it, and marketing itself. But this whole thing hinges on the idea of “rarity”.

Wait for MIXED highlights to come, where they take the same top 10 individual highlights and recreate them in 10000 ways and sell each NFT for millions. I might pay a pretty penny for that video of Ron Artest fighting a fan. Yeah, violence!

ADD: this reminds of artists who do prints. they’ll do the work ONCE and then copy them and present them on nice media and sell them for “affordable” prices. but they’ll put a print run number on there X/100 or something. this is a strategy to maximize profit. if you sold the original, you might get $5000, but if you sold 100 limited edition prints, you can charge $100 ea and end up making $10,000 for a bit of extra cheap labor. this is like the Walmart model where you go for volume of sales.

Punks are sort of like this now, the second I finally switched my twitter avatar to one I got followed by like 20 other high profile people w/their avatar as one (AJ Vaynerchuk / etc.). People use it as some sort of social filtering, someone with ‘skin in the game’ vs random twitter egg who is going to troll-tard them

1 Like

Why not sell to minors?

Why does “Noone is forced to buy anything” not apply to them as well?

2 Likes

The image Gary is willing to sell as an NFT isn’t safe for minors :wink:

5 Likes

I’d buy some NFT’s release by The Pokemon Company. I’m sure a lot of us would. Do I think it’s a sound investment? Not really but it would be fun to have.

Everyone is approaching everything as an INVESTMENT today. People buyin multi-level marketing and F&B for the STONKS.

If you look at NFT as an investment, it simply makes no fucking sense. No one knows which direction it could go (arguably true about previously mentioned tcgs)

~ ~ however ~ ~

You give me a Pokemon NFT based TCG where I can

  • easily buy packs (no supply constraints)
  • enjoy ripping packs and owning them
  • have a way to enjoy my collection - arguably the hardest part
  • trade and sell cards

I think that I would be 100% in on it and most of us here would be too. So many constraints of Supply & Demand
 Grading
 etc. disappear with NFTs. I understand the desire to have a card in hand 10000%.


 but I’m just gonna go out on a limb here. Most top pokemon cards in the game right now are real tangible cards, but are often tucked away in PWCC vault and effectively just “data points” to their collectors. Yes, there’s something tangible there
 but honestly to the collector there’s hardly a difference if their asset is in PWCC vault.

If Pokemon awarded the winner of TCG online tournaments an NFT, people would be fighting to buy it. People on this forum would

And that is why there is a future for NFT in collectibles. I encourage you to try not to be open to the idea - it might not be right here, right now, big stonks, whatever
 but it has legs.

Imagine for a second we are in a future where pokemon TCG is largely NFT based ( I do believe this is a possibility for pokemon )

  • No supply/demand issues
  • No need for grading.
  • Nintendo can make more money - no printing cards, no distributing cards. Direct to consumer.
  • Maybe there’s still a market for holding sealed? Depending on if the NFT supports it. But likely no market for sealed.
  • All cards have a complete ledger for ownership and buying and selling
  • All market data is completely available to everyone
  • Cards can be easily bought and sold without a 3rd party service like ebay - blockchain handles all transactions
  • No hidden deals, no under the table stuff. Everything public.
  • No need for any physical component of the card - TCG can be played online


 That would pretty drastically change the market.

Just saying, there are a LOT of positives there for the con of not having something physically in hand. I love looking at my cards. but I would rather have all of the above at the cost of physically holding them.

  1. Supply & Demand - there would just be different issues.
  2. Grading - There isn’t technically a ‘need’ to grade
  3. Make ‘more’ money is an assumption, costs would be different consumption would be different
  4. If you can buy and sell packs there will be a market, digital or physical.
  5. Transparency has it’s pros/cons
  6. ^
  7. Unless Pokemon owns said blockchain, same difference imo
  8. More on transparency
  9. The TCG can be played online

Majority of my shopping is done online, while I still venture into the real world for grocery shopping and bigger purchases. While I enjoy many online/digital variants of board games/card games, I will always venture to play table top MTG. There is room for NFTs but it doesn’t replace.

3 Likes

If TPCI would go full NFT, prices of physical cards would go to mars and beyond.

4 Likes

Personally, the only good thing about NFTs I see is that it gives artists of digital art a much higher chance to receive their well-earned royalty payments. In terms of digital collectibles, I see no point in collecting digital stuff. I will never see any value in it, no matter what NFTs gets sold for.

However, I would still consider investing in NFTs or in the infrastructure behind it. I have faith in human stupidity as it’s a proven concept (see the recent prices of dogecoin) and just because NFTs are stupid, doesn’t mean that you shouldn’t make money off of it, if you can.

edit: on more thing I forgot to mention is that from the get-go, there is no organic growth for NFTs. We all know that these things are being made with an artificial rarity for the sole intent of making massive money. In fact I’m sure that right now, more investors than collectors know about NFT collectibles. What makes collectibles like the Pokemon TCG so great is that it didn’t start out as high-level collectible. These cards weren’t made to be flipped for thousands of dollars. Kids opened them, played with them, broke them. That’s why they are rare in a organic way.

3 Likes

I hope any future artists and currents creating NFTs see more to making art than just $$$, especially considering the motivations of the people buying NFTs are so suspect and the power consumption behind the payment of NFTs is absurd. But I suspect the line will be drawn even deeper in the sand. As someone who does art on the side, I know which side I am on.

These things are popping up everywhere, I just don’t understand the concept in the slightest. These aren’t tangible goods and they aren’t something that really makes sense to me as far as the collectability aspect. With the Online TCG of Pokemon there at least is a game behind the virtual cards - what do other NFTs really offer?

1 Like

When it comes to collecting things or investing money I tend to trust my first gut reaction, and my gut reaction when I heard about NFTs was “what the fuck?”

NFTs are just asset creation for the sake of asset creation. It’s like some kind of dystopian ‘materialism: evolved’ (and that’s coming from a fan of Capitalism).

Here’s how I feel about NFTs:

“Hey man, did you know I own the original Evanescence album cover? I only paid £1,400”
“Cool, where is it? Did you get it signed or graded?”
“Nah it’s just on my phone, look”
“That’s cool, I have one on my phone too but it cost me £0”
“Yeah but that’s not the original”
“Well how do you know yours is the original and mine isn’t?”
“Cos it has an invisible digital signature that assigns it to me, it’s called ‘MetaData’ and it proves its mine”
“What’s MetaData?”
“I DUNNO BUT STONKZZZZ”

Seeing how society just seems to be changing so frequently, chances are this NFT ridiculousness will probably stick and I’ll just be like one of those boomers who was critical about the stupid new namby pamby “internet shopping” fad that will inevitably crash into nothing.

16 Likes

It really has a lot in common with lootboxes from video games. While worthless, we already know that people buy it, if only for the gambling aspect and to brag how awesome their new player skin looks once they pull it. And with NFTs, all you need is a hype man (insert random youtuber/influencer/Logan) to promote a new NFT as the hottest sh*t. I also wouldn’t be surprised if in the very near future, we will see high-level video games which incorporate NFTs instead of lootboxes, especially once lootboxes get classified as gambling everywhere and get prohibited by the law. Something like “We don’t offer lootboxes in-game anymore as to not endanger the children (also to circumvent PG18), but if you check out our profile at opensea.io, you can find our cool NFTs to get custom skins and weapons! Be one out of 10 to purchase the highly limited dumpster cannon for your forknite char for the small price of 0.05 ether (do you see how small that number looks? A true bargain).”

2 Likes

Lmfao!! :joy::joy::joy: I couldn’t have said it better myself!

Would anyone like to buy a NFT of this original E4 reaction? If so contact me ASAP for stonk pricing! :joy::joy:

1 Like

Why is it with anything crypto related, NFT Collectable items such as digital cards being in my opinion the worst offenders
always centered on the monetary value gain rather then actually wanting the digital item itself?

This is what screams bubble/madness to me, if there is organic demand for these types of items, you cant deny that probably 90% of the price right now is on speculation they will be worth something big in the future.

Then look at tangible collectables, antiques and anything physical, i don’t personally see 90% of the price im paying for a half decent rare/scarce/mint Pokemon card being based on speculation it will be a stonk.

All of this is irrelevant as to the actual price movements of these things and you could see ridiculous 5-10-100X gains on NFTs, but it doesnt mean its sustainable and organic in nature and when we dont have those 2 factors, over the long run it will fizzle to nothing.

I also dont get why in the next 5 years there wont be another method of having a digital unique copy of an item, who is to say a NFT is a better platform then the new platform/technology that holds the same simple image or video? A phsyical version of a card might be worth say ÂŁ5k, the digital NFT version might be ÂŁ1k, what about the newest tech in 5 years time that performs slightly better/different, what is the value of that and what does it do to that ÂŁ1k price tag on the NFT space?

Not only is the demand for NFTs almost entirely speculative (as opposed to organic), but NFTs can’t have organic collectability – this is the nail in the coffin for NFTs, for me. I enjoy collecting items that have withstood decades of attrition and widespread mistreatment – this is why gem mint WotC/EX Series have such strong collectability. Much like modern cards that are all being perfectly preserved straight from the pack, NFTs solely have manufactured scarcity. By their nature, they will never be organically collectible.

Maybe some collectors don’t care about this. But for me, it’s why I have no interest in collecting NFTs.

8 Likes

Not even Thicc Charizard? :open_mouth:

1 Like

Apart from NFT and “sell”, you just described PTCGO!