Non-fungible token the next big thing?

RS65573

pjsteelerfan said:

tempo_n_groove said:

pjsteelerfan said:

Its growing in the art world too, and some are selling for crazy amounts.  I would not be surprised to see digital gig posters with tickets one day, as much as that would suck. 

Why would you pay for a digital poster when you can just screen shot it from somewhere else?  It's really a dumb idea that critical thinking should be dismissing after the initial sell off happens.

Oh I agree, I don't plan to spend a couple hundred bucks on a .gif that literally anyone could make in say MS Paint or photoshop just because it has a limited code attached to it. But it has been fun to watch this happen. And people are making money on it, so probably not going away. or not anytime soon. 

I dropped about $350 on some Knicks and a couple packs. I look at it like bitcoin. Should have thrown a few hundred at that huh?

Malroth

I would like some non-fungible toes.

pjsteelerfan

RS65573 said:

pjsteelerfan said:

tempo_n_groove said:

pjsteelerfan said:

Its growing in the art world too, and some are selling for crazy amounts.  I would not be surprised to see digital gig posters with tickets one day, as much as that would suck. 

Why would you pay for a digital poster when you can just screen shot it from somewhere else?  It's really a dumb idea that critical thinking should be dismissing after the initial sell off happens.

Oh I agree, I don't plan to spend a couple hundred bucks on a .gif that literally anyone could make in say MS Paint or photoshop just because it has a limited code attached to it. But it has been fun to watch this happen. And people are making money on it, so probably not going away. or not anytime soon. 

I dropped about $350 on some Knicks and a couple packs. I look at it like bitcoin. Should have thrown a few hundred at that huh?

Who am I to tell you what to do with your money?  Maybe it will work out and maybe it won't. I'm sure a lot of people are hoping its the next bitcoin. 

tempo_n_groove

RS65573 said:

pjsteelerfan said:

tempo_n_groove said:

pjsteelerfan said:

Its growing in the art world too, and some are selling for crazy amounts.  I would not be surprised to see digital gig posters with tickets one day, as much as that would suck. 

Why would you pay for a digital poster when you can just screen shot it from somewhere else?  It's really a dumb idea that critical thinking should be dismissing after the initial sell off happens.

Oh I agree, I don't plan to spend a couple hundred bucks on a .gif that literally anyone could make in say MS Paint or photoshop just because it has a limited code attached to it. But it has been fun to watch this happen. And people are making money on it, so probably not going away. or not anytime soon. 

I dropped about $350 on some Knicks and a couple packs. I look at it like bitcoin. Should have thrown a few hundred at that huh?

Or at the PJ fallasheep?

PJammer4life

Maybe it’s a millennial thing we just don’t get, but they are being groomed to accept ie streaming.

2-feign-reluctance

My new KOL record is on its way. That’s all I need for now. Read this last night on RS and like the intention behind it, but isn’t for me. 

LukinFan

PJammer4life said:

Maybe it’s a millennial thing we just don’t get, but they are being groomed to accept ie streaming.

exactly 

jjflash

Last week Greg Mike, an ATL-based artist, offered a NFT drop of his artwork where buyers purchased a physical frame that displayed limited edition images. Blockchain of the images is encrypted into the physical frames, and the frames list the edition number of the limited run. The frames went for thousands and instantly sold out. Prior to the sale going live you had to submit a lottery request to purchase one of the pieces of 'artwork' (I stayed away from this as they were way beyond my pay grade) and upwards of 8,000 people were in queue to be one of the thirty purchasers paying around 2K each. Crazy stuff, no doubt.

I don't pretend to understand it all but am definitely fascinated to see how it all evolves. At this early stage in the game I'd much prefer to own/hold/touch/frame a physical poster, for example, as opposed to investing in a digital image of it. In the words of Chuck D, "What Chu Gonna Do When the Grid Goes Down?" On the flip side....you wouldn't have to worry about the post office dinging corners or losing a package LOL

https://niftygateway.com/collections/gregmike

2-feign-reluctance

Anyone else hear Beavis and Butthead giggling saying the word "fungible"?

huntersthompson

https://www.businessinsider.com/bitcoin-owner-who-lost-password-made-peace-potentially-huge-loss-2021-1

If this dude can lose upwards of $220 million worth of bitcoin, what the hell hope do I have?  I would be so pissed if I had a "front row for life at Pearl Jam shows" non-fungible token that required a password -- which I would invariably forget.  Or I would need to input the passcode to view my digital concert posters from shows that I watched online whilst warming my feet in my digital PJ socks and playing with my Falla Sheep characters.....what in the actual f*ck is going on....

I will yell "boomer" at myself as I leave....

RS65573

I agree, for concerts, tickets, posters/art, it stinks. For trading cards, I think its neat.

Bob Mayo on the keyboards Bob

Although there’s been diminishing returns with KoL for a few albums now, I might take a crack at the vinyl just for curiosity’s sake. Kinda fun the limited vinyl is only out for 2 weeks then gone. Title is back to 5 syllables so that’s promising! 

Bob Mayo on the keyboards Bob

Gold vinyl pic is up on the yellow heart site looks pretty cool and proceeds go to live nation crew fund. 

vinyl boy

Bob Mayo on the keyboards Bob said:

Gold vinyl pic is up on the yellow heart site looks pretty cool and proceeds go to live nation crew fund. 

I’d love to support this but I don’t have a virtual wallet or really know what the hell this stuff is.  Maybe I’ll just be old school and watch on Discogs to see how much this goes for 

JeBurkhardt

There was a segment on NPR this morning about this. If you are a collector, or enjoy having something exclusive, then I guess it makes sense. 

demetrios

Bob Mayo on the keyboards Bob said:

Gold vinyl pic is up on the yellow heart site looks pretty cool and proceeds go to live nation crew fund. 

Interested in buying a copy but still no patience and understanding of this. To use that NFT app on FireFox I must agree for the app to view all my online activity? Ah no.

Branden

With how damaging to the environment this could be, I don't think Pearl Jam would be into it...

https://www.wired.com/story/nfts-hot-effect-earth-climate/

demetrios

Branden said:

With how damaging to the environment this could be, I don't think Pearl Jam would be into it...

https://www.wired.com/story/nfts-hot-effect-earth-climate/

I hope they don't sign up either. But you never know.

PB11041

demetrios said:

Branden said:

With how damaging to the environment this could be, I don't think Pearl Jam would be into it...

https://www.wired.com/story/nfts-hot-effect-earth-climate/

I hope they don't sign up either. But you never know.

they already have whether they like it or not.  Those tickets whirling around unique and constantly updating barcodes in your digital wallet run on block chain technology.  

https://www.prnewswire.com/news-releases/ticketmaster-acquires-blockchain-ticketing-solution-upgraded-300732863.html

mr bungle

You lost me at "fungible".