The only reason people would want an NFT right now is the hype and speculation of it becoming worth a lot of money someday. I really don’t see any organic demand of people wanting the item for any other reason. Pokemon started as a cheap card game that took time to grow organically due to people genuinely liking the products. The NFT thing does have some money to be made here and there, but it is only short-term FOMO and the next way to make get rich quickly. For those getting involved, this is highly risky, and I wish you all the best, but be careful. The promoters and creators of these large NFTs are hyping it up to sell their NFTs. They could care less if they sell you an NFT and it collapses.
I could be wrong and NFTs could be worth 1000% more in 2030, but just be wary. Some of these high sales seem reckless and risky. Plenty of other ways to make money.
This post just shows survivorship bias, I can name plenty of things from each of those year that were flops.
Sure. I love the interest admiral started. The % depends on the tier we reach. We have to cover expenses like artists work and the receiving money fees et all. We’re hoping to raise a lot but if not the charity will be the sole beneficiary. Beyond that, I’ll know later.
The orgs that are receiving my total donations this year, and some of Steve’s and DumbMoneys, are:
- Touro University Nevada’s Center for Autism and Developmental Disabilities (This is my daughter’s primary therapy center. You can see me and her in this link to the article in Nevada’s biggest newspaper… www.reviewjournal.com/local/education/touro-university-nevada-receives-3m-gift-for-autism-center-2332822/))
- F.E.A.T Las Vegas
- Project FOCUS at UNLV Medicine Ackerman Autism Center
- Neat Services
- Grant A Gift Foundation
- Turning Pointe Autism Foundation
- NEXT for AUTISM
- Organization for Autism Research
- Vietnamese organization (English Translation Name Coming)
- Japanese organization (English Translation Name Coming) This org was selected by Chizuru, Steve’s mom and @mamaaoki on Instagram.
We were donors to six of the above Autism charities last year for the amount of $270,000.00.
Steve’s share goes to Brain health research.
Chris Camillo’s share goes to pediatric causes.
Steve and Chris can offer specifics through the charity organizer britta@aokifoundation.org. Britta Bucholz had 13 years experience with the City of Hope Charity in California prior to joining up with the AokiFoundation.
If anybody has specific question about any of our autism center recipients just ask or go to their web sites:)
So JPEGs are the same as ownership rights to plots of land on Mars. Got it.
Your point was to quote my post with a completely unrelated response? I’m not sure I get your point. Any proper response / rebuttal from me to your innuendo would undoubtedly have me violate general forum rule 3.5, so I see no point in dragging this out any further. I’ll take my leave from this conversation now.
Dang reading through this thread is hilarious and so interesting to see the polarizing views on NFTs. Its interesting that there’s so much negative sentiment towards NFTs and its ironic coming from people who collect trading cards.
Outside of our pokemon collecting community, non-pokemon collectors think the exact same thoughts that are portrayed by many in this thread towards NFTs: that its weird, it doesn’t make any sense, and why would you own a pokemon card when you can just look at a picture of it? Why not just buy a proxy? Its basically the same thing.
You can literally switch out the word NFT for Pokemon Card in every sentence in this thread and that’s the perception a lot of non-pokemon collectors have, so why is the sentiment so negative?
All of these NFT markets are forming right before our eyes, sure there is a lot of digital art from up and coming digital artists, and hyped releases with collectors and flippers, but there is also a wave of big name brands entering/new to the digital collecting space such as Topps (MLB, Star Wars, WWE, NHL, F1, Ect), NBA, NFL, Funko, UFC, all Soccer Leagues(SoRare), and many others. Funko is releasing start of June and they’re going to tie the physical funko to NFTs with vouchers and have exclusive funkos you can only obtain with a rare NFT. A great way to bridge the two worlds
I think its inevitable that all trading card companies enter the NFT space…
I cannot wait for Pokemon to do NFTs cause you know thats coming one day.
For those with such negative sentiment, what NFT projects have you tried out and what didn’t you like about them?
I’m guessing its from NFT fatigue from celebrities dropping some NFT project that seems like cash grabs? I’m tired of those too, so I just ignore them.
I participate in NBA Topshots, SoRare, and Topps MLB and have had a great experience.
I’ve bought and sold about $4,000 worth of Topps MLB NFTs already. It has been a fantastic learning experience. Pack openings were just as fun as ripping open a new pokemon pack.
I see people mentioning its a bubble, well as a Topshot participant the bubble burst after February and prices tanked for many cards, but the market has its cycles and it is on the uptrend. That market currently has $500M+ in sales with 276k participants.
Topps MLB has had nearly $10M in sales with just 12k participants in less than three weeks. Topps had a peak on April 27th, right now there are still buyers but sellers dominate the action. It is currently not easy to get the crypto currency required to buy the cards, however the market continues to add about 1k people per week even with no marketing and no hype.
There are also games you can play online that use NFTs such as Alien Worlds, Decentraland, Dark Worlds, and fantasy soccer with SoRare.
Learning all of these games and browsing the new NFT projects is really fun. You can see where the hype is headed, see markets literally being created and playing out(MLB Topps, Bored Ape Yacht Club, Meebits, NBA Topshots, ect.)
Unsolicited NFT Collecting advice: Get in at base prices - not secondary speculative prices, collect from collections that already have a collector base, collect low mint or serial numbers, and collect based on rarity.
I thought the 1st ed Charizard PSA 10 was a good buy at $55k last year, and (somewhat) jokingly suggested to my parents that they should buy it. Of course they didn’t - they laughed it off, saying Pokemon cards are a joke and won’t be worth anything in the future. Given enough time, they might be right. But had they taken me even a little bit seriously, they would have made a lot of money haha. Obviously not sound investment advice, but they wouldn’t have cared even if it was, simply because they don’t understand the value these things have.
I’m in that boat with NFTs. Currently, I do not see the value in buying an NFT. I certainly see potential, and lots of it, but until that potential is realized, buying into the NFT market is pure risk and speculation. I simply do not value it the same way I value physical trading cards of characters that influenced my childhood. The amount of mainstream hype is what is turning me off the most. I won’t be buying any NFTs for the same reason I didn’t buy any WotC in October. Complete seller’s market driven by FOMO and greed.
NFTs are different from Pokemon cards in the sense that we have proof that a big group of people feels extremely passionate about Pokemon cards. We can’t say the same for NFTs yet. And if the only reason people are investing in NFTs is speculation that they will be big one day, it will prevent exactly that from happening. You need to have people buying NFTs because they actually love them.
Personally, I do see a lot of potential for NFTs, but not in the sense of classic collectibles as we know them. A digital trading card will always be inferior to the physical equivalent. Instead, NFTs should try to do things that physical collectibles can’t do. I’m talking about things like compatibility with AAA games like Sims and GTA (display virtual items in virtual worlds online to other players) or special rewards from real people online (e.g. unique NFT trophies from streamers for high donations, or a “private pogchamp” trophy from Belle Delphine for being her number one fan on onlyfans). Let’s get creative.
I’m going to google who Belle Delphine is…for science and research purposes of course.
@fizzyadrenaline, oh don’t bother, she’s just a cosplayer suffering from occasional facial spasms
I also don’t understand how a community that’s obsessed with buying small artworks, authenticity, population counts and celebrating artists isn’t at least a little excited about the NFT space. I think the main problem is people still thinking that the NFT is the actual IP when NFTs are much more a service and a set of features like PSA or PWCC.
It’s a Pokemon forum, not an NFT forum. 99% here don’t even get excited about Digimon, Harry Potter or Dragonball cards. And those are way closer to Pokemon than these NFTs are.
You can’t force people to like something, which is exactly what the NFT creators and fans seem to try right now. You can’t expect NFTs to instantly have the same collectability and organic demand that established TCGs and sports cards have. The former have proven their organic demand over decades while latter ones are brand new and, as of now, seem to only function as “investment opportunity”.
To add to this, a lot of people on here, myself included, enjoy having a physical collectible vs something that only exists in the digital space.
I literally say in my post that NFTs are not IPs and then you go on to list a bunch of IPs lol. All those IPs can leverage NFTs the same way all those IPs leverage PSA grading or PWCC Vault storage.
Well, then just focus on the “card” part of my post. Even within the same IP (say, Pokemon), cards have more organic demand than skateboards or figurines. People like cards (and have been liking them for decades). If they’ll organically like NFTs equally as much, only the future can tell.
I don’t think anyone here has something against people putting their own money into NFTs, they’re just annoyed when it’s constantly shoved down their throats how NFTs are the future and you have to invest now to not miss the boat etc.
Like I said, it’s a Pokemon card collector forum, so don’t be suprised when people don’t instantly jump on this new thing.
TIME Magazine had some interesting things to say:
To put that more into perspective, The Seattle Times stated:
Finally an NFT that actually makes sense to me:
THE ORIGINAL FILES CONTAINING THE SOURCE CODE FOR THE WORLD WIDE WEB, OFFERED AS AN NFT
Even though there is a lot of experimentation at the moment, NFT’s can definitely be valuable assets if used in the right context.
Personally, I see the NFT space eventually narrowing down into the following two categories:
Gaming assets - This can already be seen with projects like Axie Infinity and Lost Relics, in which NFTs are minted as useful in-game objects. The technical barrier of entry for such projects is still high, but as integration of crypto wallets into games becomes more seamless, I expect NFTs to become the standard for gaming asset ownership.
Copyright licensing - If NFT’s acted as a copyright licence, there would be intrinsic value to them. For example, if you bought the NFT to a song it would give you the legal right to broadcast it, the NFT to an artwork would allow you to print it on clothing, books, etc. This avenue hasn’t been explored as far as I’m aware, but it has insane potential in my opinion.
I do agree that most NFTs are utterly useless, but every new technology requires a bit of trial and error before it finds its footing.
I think there is room to make money if you play your cards right,
In saying that, also just as easy to lose your money
But with the right research you can make something happen for sure