- Hello ,evey domainers
- NFT domain name transaction volume has increased recently, and its price also keeps rising
- When did NFT become popular?
- Did you take the chance?If not ,will you buy a NFT domain?
- let`s talk about it ,thanks in advance
thanks for your remindingSeth Godin did publish a piece recently that he sees NFTs as a dangerous trap.
There are lots of differences between physical and digital items. That Mickey Mantle rookie card, it is actually scare. Some Ja Morant NBA top shot dunk is artificially scarce.
I don't think the NFT market is much crazier than the actual sports collectibles market at the moment. So much is based on a gambling mentality. The sports card market is pricing out a lot of people who used to actually enjoy the hobby.
You see people open up boxes of sports cards today that cost $500 or $1,000 and pull like $50 or $100 in value out of it most times.
Some of my vintage graded sports cards are worth 10x-20x what they were a year ago. That is not sustainable.
While many vintage cards are actually scare, many of the newer cards are not. You could make the exact same argument as NFT, they are artificially scarce. A company just makes some random card, puts an autograph sticker on it, and gives it some random number low number...1/1, 1/5, 1/10, etc.
The vintage cards come from a time when they did not have value. Since they did not have value they weren't really cared for, so fewer exist today in good condition.
Brad
Anyone who thinks digital collectibles will just go away is being incredibly short-sighted, and maybe missed the boat. All the recent excitement might seem sudden and maybe a bit ridiculous, but NFTs / digital collectible assets have been on the verge of a breakout for years!
NFT.com embedded Elon Musk tweet..Show attachment 185575
NFT.com embedded Elon Musk tweet..Show attachment 185575
Where do you see nft.com embedded at, I don't think Musk did so.
Just go to his Twitter acc, its a Musk tweet
I saw the tweet, its the nft.com part I was referring to.
That type of concept makes far more sense to me than some of the stuff I am seeing.
it looks better with a small s at the end " eNFTs.com " hahaha ! goodluck buddy !!Got another offer for eNFTS.com ( 200$). Refused offcourse.
that will do little beyond transferring wealth from artists to tech billionaires
This is the complete opposite of what has been happening in the last couple of years in the space - lots of smaller artists, especially from global south, have been able to quit their jobs to become full-time artists, finally becoming a viable career again.
"People Are Already Losing Money" "Small artists are already loosing money because minting isn't free" - you don't pay anything to mint on OpenSea, literally the biggest/most used open platform there is. Author is an ideologically-driven grifter who didn't do basic research.
doesn't equate to what you're selling having actual value imo
value is subjective - art industry in particular is known for making people scratch their heads, lots of things selling for millions that most of us wouldn't pay $5 for. think of that banana duct-taped to the wall
if you buy to invest, then yeah only 5% or less of current projects are worth keeping your money in. the rest will drop dramatically as space continues to expand. if you buy small bits of art for cheap from people you genuinely like then there's no worry about resale value