My TB Steve Aoki is dropping one on NiftyGateway at 11:00am pst tomorrow Sunday 3/7/2021. There think he said it’ll only go for 5 minutes.
The problem with LP’s NFT is that it started with a high price tag, but had no basis for its value. The secondary market is now determining its value to be much lower than the original cost. LP makes millions and his supporters are left holding the bag. Contrast this with pokemon cards, where 1st edition base packs started with a $1 price tag. It took decades of organic growth before the secondary market determined their value at $10k+.
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Correct. Same as crypto icos. Sponsors and sellers of the ico make money and others hold the bag.
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What was that Thomas Tusser quote?
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I “like” NFTs in that I was able to buy a pack of Top Shots for $14, open the pack, and walk away with hundreds of dollars. With the current state of that market and supply being greater than demand, it’s an easy flip with relatively low risk. I think this is why many people currently like these NFTs. This is the reason many of the people entering Pokémon cards now “like” Pokémon cards.
Putting aside the terrible stability of the NBA Top Shot website and platform, it is pretty nice to have the option to play the marketplace in a way that is closer to the stock market instead of trading Pokemon cards — quick transfer of assets between members of a large audience instead of waiting to received a shipped physical card. It is also less expensive to exchange what you don’t want via selling for something you do want via buying. Sell on Top Shots for 5% vs almost 14% on eBay and then I have to pay 10% sales tax on eBay.
I don’t really collect NFTs, but these are some of the things I saw as a positive. A NFT with an ecosystem built around it and affiliated with the NBA seems better for collectors than a shipped YouTuber NFT. If Pokemon created an official trading card NFT, I’d likely use the market for flipping and would take profits to collect physical Pokemon cards.
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My knee jerk reaction to discovering what an NFT was a couple weeks ago was “this is idiotic, why would anyone do this?”
After reading through this thread, my opinion remains unchanged. There’s always a chance, though, that we’re all just boomer dinosaurs who just don’t get it! After all, many older adults I know are still in disbelief that someone would shell out even a hundred bucks for a little piece of colored cardboard.
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Fad, just like so many things are right now. GameStop fad, AMC fad, dogecoin fad, BORING
I just can’t even wrap my head around it
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GME is climbing… It’s at $140
AMC is climbing… It’s at $8
Doge is a friggin meme/fad. Stop trying to put real assets/stocks in the same class as bullshit like L0gan’s NFT and Dogecoin. It’s such a silly narrative.
Simply naming different fads. They’re fads
Once again, NFTs are worthless, and are essentially adding an extra step to middle-manning arbitrage. Not sure why this sudden wave of NFT-related posts have cropped up on here…seriously, guys? Paying money to own a fractional share of a video of some cringy youtube star open a box of pokemon cards? Really? Cmon efour, you’re better than this.
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I think people just want to talk about them out of curiosity. I personally don’t get it and don’t have the time to speculate. But E4 isn’t just me or one person. I’ve learned a lot from this thread. Basically to not bother with nft, unless we create one for E4. 
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You’re trying to mix fads/memes with actual stocks to create an inaccurate narrative.
@dbmoney10 Failing at gifs too
Didn’t work. But it was a “roar” gif
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lol i tried to make it work but the url was broken
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While “collectible” NFT may seem silly or speculative, this is essentially a method of creating digital assets that can be sold, traded and are traceable and can be verified as authentic. You can even have it so that a portion of every sale is sent back to the original creator
If you don’t see the implications for digital media like books, music, movies, pc games then I don’t know what to say.
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I think the best NFT is buying clips of NBA players… That they “mint” and only a specific amount are “minted”. Absolute joke.
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Anyone wanna buy some of my YouTube screenshots NFTs? I’m a pretty good screenshotter. PM for a discount
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After learning more I think there is potential. Just not in the format it is used here for the break. Making an NFT for the sake of an NFT does not have the inherent collectibility as, for example, practicing hundreds of hours on a Neopets game to get a score high enough for a virtual avatar to display on your profile. A competition that awards NFTs is more appealing to me then pure profit motive.
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The supply of NFT’s could be endless, what about the demand side
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