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Sounds like the NFT is essentially only worth the blockchain it’s on? So the blockchain has to be seen as valuable for it to have value, then I guess the question is, does the blockchain provide value?
Sounds like you’re buying into a new “banking” system, and it comes with the caveat that it someday you might not be able to get your money back because it will be worthless. Or I’m totally wrong.
Wow, a lotta ignorance in this thread, which I understand completely. It's a lot to get your head around. I've been involved for a few years now and although I have an understanding, we're all still babies with this technology. Back in the day, people couldn't understand the point of the internet.
I like the idea presented in this thread. I have already turned one of my XXX shorts into an NFT in the way of a book cover, that when bought unlocks a contract that binds me to provide a copy of the actual book to the buyer. I kept it on private as it was just an experiment to see if I could mint an NFT.
Even 0.1 ETH, which I can see you listed an image for before is way too high. 0.1 ETH at current prices is around $160, and I can see you listed an image before for 3.2. Your images are actually fine and might sell as NFTs, but if I were you, I'd switch to MATIC and charge far less. 0.1 MATIC is around 0.9c, or even less. Your aim should be recognition, not get rich quick - which will never work anyway.
Also, consider using Atomic Hub on the Hive blockchain. A very exciting place full of opportunity (the Hive chain, that is).
I can't go on Twitter ow without some NFT account doing a live stream about why you should invest in NFT's now. Honestly, anyone trying so hard to get total strangers to invest in something is not doing it to make money for anyone but themselves.
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I can't go on Twitter ow without some NFT account doing a live stream about why you should invest in NFT's now. Honestly, anyone trying so hard to get total strangers to invest in something is not doing it to make money for anyone but themselves.
Many NFTs can be earned for free, using the Play-to-Earn model. This is where you play a game to mint NFTs. As the NFTs can be used in-game, this gives them utility and therefore greater value to the community that play the game.
From Torum, I made $1700 completely for free - I simply had to interact on the message board. Gods Unchained is a card game, like Magic the Gathering, completely free to play and I have not only made over $1000 from their utility token, GODS, but I also have almost three thousand dollars worth of assets, in the form of NFTs. The NFTs are simply cards that you own. The cards can be worth a lot of money. I think the highest sale on Gods Unchained for a single NFT (playing card) was almost 20K.
Take a game like GTA. You can own an expensive apartment in-game, but it's actually worthless because you don't actually own it. With the new model, the apartment would be an NFT, that you own and can even sell to another player. Everything in-game is an NFT and you own it.
If you start buying NFTs with the intention of making money, you will probably lose.
With blockchain tech, we have the ability to own in-game assets in the form of NFTs - that can be bought and sold on various marketplaces. However, what blockchain games lack, with the exception of card games, is playability. They are essentially cryptocurrency miners. Click a few buttons and then sit back and wait before clicking a few more buttons. I'm playing one game right now that's earning me $5 per day (at current BTK price) for doing absolutely nothing aside from collecting and upgrading miners. It may not seem a lot, but for people in 3rd world countries, this is how they are making a living.
What the crypto gaming community have yearned for is playability. Games like GTA, but on a blockchain, where your efforts are rewarded instead of it all going to the devs.
Well, now two giants in the form of Gala Games (massive in web3) and Epic (Fortnite-fame) have teamed up to bring us Grit:
A blockchain-based Wild-West-themed battle royale where investment of your time will be rewarded. This is going to change the video game space forever. Not that I play them anymore. But, seriously, this may just get me back into playing.