NFT Minting: The new multi-million dollar market for art & Digital World Creations

EyesExist

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what's an NFT?
A non-fungible token is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item, and thus they are not interchangeable. NFTs can represent digital files such as art, audio, vide
according to WikiPedia.

With so much going on in the NFT business, i thought we should start discussion and talk about it.

Places to sell I've come across:
Rarable.com
Mintable.app
OpenSea.io

There's been major sales discussed recently in the milions:
Beeple Art
Jack Dorsey's first tweet
and Digital Homes / real estate

reddit communities are evolving:
1 - https://www.reddit.com/r/NFT/ ( promote and learn )
2 - https://www.reddit.com/r/NFTsMarketplace/ ( promoting your items )
3 - https://www.reddit.com/r/NFTExchange/ ( learn about buy/sell/trade )
4 - https://www.reddit.com/r/CryptoArt/ ( NFT art community )
5 - https://www.reddit.com/r/NFTmarket/ (copy of the Marketplace i guess)

1- https://www.reddit.com/r/Rarible/ ( rarible )
2 -https://www.reddit.com/r/opensea/ (opean sea)

Anyone here had luck selling? I'm trying to get into this. I have been shooting photographs across the world and would love to sell them as 1 of 1s or let a broker deal them. I was inspired heavily by Peter Lik while living in Vegas to get into photography but of course, in my own way.
 

EyesExist

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World's first digital house sale, of a wild price. NFT boom has really become an insane crazye.

https://edition.cnn.com/style/article/digital-nft-mars-house-scli-intl/index.html

[broken image, url mangled]

This digital Mars house sold for $500,000+

This is something a person can upload to their "Metaverse" . It's insane that someone paid this to use to 'stunt' on other people, walking in a digital world, with their Avatar. This has to be some 'vanity' shit .. like I cant even understand this yet. Can anyone else?

I can understand having businesses, walking in a virtual world, buying things that will come to your real home in physical form. This is the evolution of the gaming indutry. But what do you do in a digital house? Are you going to be slaying women avatars on your virtual Versace bed sheets?

Will you be going shopping with this avatar woman/man/date and buying them things, eventhough you never met them in persoN?

There's really events.... no joke

https://www.dezeen.com/2021/03/27/this-week-virtual-house-sold-mars-nft/

Dezeen announced that we will be hosting a social evening in a virtual rooftop bar to discuss the rise of the metaverse with Space Popular, Andrés Reisinger, Amber Jae Slooten and Charlotte Taylor.

It's all mental though! Everything is what we think first, before what it is.

NYPost kinda hit it on the head for me.

“Mars House,” a futuristic-looking pad designed by Toronto-based digital artist Krista Kim, features sweeping views, plus modern, see-through furniture and even an infinity pool.

“I see it as a weekend home, like a villa,” Kim told The Post. “It’s perfect for a couple.”

The only glitch? It doesn’t actually exist.

https://nypost.com/2021/03/16/inside-the-worlds-first-digital-nft-house/
 
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Ryuzaki

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People have been spending millions on virtual real estate for a long time. That game Second Life has had people buy entire planets to develop them as vacation resorts or as material farming locations, etc. And they sell access. It's all done with real money converted to a digital currency.

And yeah, it's pretty nutty but value is determined by what someone is willing to pay (and then again by what the next person is willing to pay, the market will auto-adjust and some of these guys will lose their asses).

The idea of people buying the rights to a tweet or to a BuSo post even is pretty funny. "I own this tweet". Congrats!
 

EyesExist

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People have been spending millions on virtual real estate for a long time. That game Second Life has had people buy entire planets to develop them as vacation resorts or as material farming locations, etc. And they sell access. It's all done with real money converted to a digital currency.

And yeah, it's pretty nutty but value is determined by what someone is willing to pay (and then again by what the next person is willing to pay, the market will auto-adjust and some of these guys will lose their asses).

The idea of people buying the rights to a tweet or to a BuSo post even is pretty funny. "I own this tweet". Congrats!

The rights to a 'first' of any kind has intrensic value if royalties are covered,.... i guess .... perhaps... After all, google's being taken to court over Google news headlines
 

EyesExist

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Wow. This is an insane 'fee' game You should definitely read the fine print of these sites. They are really overloaded with fees for different parts of the process.


auction closing price of his art:
$286.44

subtract these
- $149.72 (Minting & Listing Fee)
- $42.97 (NFT Marketplace fee / Foundation App)
- $31.25 (escrow transaction fee to get money)

remaining profit - $62.50
78.2% went to fees
21.8% was what he kept


Bottom line, if you're selling for under $500. It's not really worth your time . He's went on to sell art that generated thousands in revenue though. See here: https://foundation.app/jatodaro


I'm super confused how this screen recording can be worth over $3k
https://foundation.app/visualizevalue/non-fungible-15566
 
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EyesExist

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EyesExist

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Very good reads:

S!NG Allows You to Create and Sell Your Own NFTs Via Your Phone or Tablet​

after downloading the app and opening a user account, you just have to upload a file as the basis for your project, for example, an image, video or audio. The app can be used to individual creation, but you can also count on collaborators.

full read - https://www.entrepreneur.com/article/368422


Artist 'Grimes' sold $6-million worth of NFTs.. One is pretty cool. It's like voyage art , taking you through a trippy landscapeof Pegasuss, Swords, etc.. Like the Kong Kong home lands

read full story here: https://www.theverge.com/2021/3/1/22308075/grimes-nft-6-million-sales-nifty-gateway-warnymph


Interesting story here recently about people finding their NFTs missing from the digital wallets.

An important point to reiterate is that while NFT artworks can be taken down, the NFTs themselves live inside Ethereum. This means that the NFT marketplaces can only interact with and interpret that data, but cannot edit or remove it. As long as the linked image hasn't been removed from its source, an NFT bought on OpenSea could still be viewed on Rarible, SuperRare, or whatever—they are all just interfaces to the ledger.

full read - https://www.vice.com/en/article/pkdj79/peoples-expensive-nfts-keep-vanishing-this-is-why
 
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Potatoe

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