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CTSSHAH avatar

#NFT #NonFungibleToken Something light hearted for the #WeekendVibes. Has anyone here on Public ever bought or sold an NFT? What was your experience like? What intermediary did you use? Would you do it again? https://www.theverge.com/22310188/nft-explainer-what-is-blockchain-crypto-art-faq #StawPolls

Bought NFT21.54%
Sold NFT6.15%
Don't understand appeal32.31%
What is an NFT?40%
195 votes Ended 08/14/21
41
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Aaron photo
Aaron@DomN8
Have invested in multiple NFTs through Coinbase..can also earn crypto by learning about different platforms..all on the rise at the moment..most likely due to a lot of foreign miners starting up again(due to multiple reasons)
CTSSHAH photo
@DomN8 Oh wow I didn't realize Coinbase offerred that capability for NFTs. I always thought of it more as a wallet or banking system for crypto. But I never really looked that deeply into $COIN to be honest. I just got realize curious after Luka Garza started selling off NFTs and then the Charlie bit my finger video went off
Jonathan Burnett photo
Jonathan Burnett@jpburnett02
Man I can't believe what some of these NTF'S are going for. I kinda see it as like a modern day art world. I really don't buy art so I'm not that interested in that area. I think it's great that some people are that passionate about certain things and can afford to purchase them. I'm all for anything that can generate a whole new market, that's pretty cool. Times are definitely changing.
CTSSHAH photo
@jpburnett02 Ya that is probably a fair assessment although I feel like it has died off since Crypto took the dive in May. So the most successful art dealers essentially aren't the ones that actually have a good eye. They are just able buy volume and then wait to see which ones go off. They only need to hit on a couple for ridiculous prices to make a profit.
Garth Phoebus photo
I’ve been trying to figure it out. I need a tutorial or something on it.
CTSSHAH photo
@SarcasticSpy sadly I am not your guy. I've been trying to understand it as well and just don't get the appeal. When I purchase something I want something that I can feel and hold ... but then again I somehow have no qualms w/ investing in the stock market.
Mike Watkins photo
I appreciate art as much as the next person, but most NFTs I've seen just seem more meme than art. Also are people displaying their NFTs on a screen at their homes or just keeping them on a thumb drive?
CTSSHAH photo
@mwatkins89 That's what I would like to know too ... how are they being displayed and appreciated? I do think there are some architectural ones that would probably be pretty cool
Stuart F photo
If you're not already learning about defi, crypto, blockchain, what they are, what makes each different, etc etc. now's a great time to start. An unprecedented tsunami is inevitably going to hit the financial industry and you wanna be surfing it not running for higher ground. Ya get me?! 😉 <Insert Point Break reference here@> 🏄😝 Happy to share links I've found helpful when getting started on theSee more
S
I dislike the volatility of NFT’s… I hate seeing red for a whole month :/ . Coincidentally got out before both ETH and BTC went up, lost 17 could’ve made some if I stuck it out
Amber photo
@ctsshah The most I can make of NFT’s is that it’s a digital capture of a creative moment? I don’t get the appeal. Maybe I’m just getting old 😂
Gonzo photo
Thx for this post ctsshah! I would like to learn more about it but the prices on some of these nfts (at least the ones I have seen and liked) makes this an asset class only the 1% can hold. Seems unrealistic for most of us… @xiantese I also don’t get the appeal, but probably the most convincing argument I have heard for art is one of longevity. If we fast forward hundreds of years actual art is suSee more
Kyle Wallace photo
Wouldn't mind learning how to make one, just to see if my artistic abilities are worth a decent chunk of change to someone 😁🤔🤑
Diana Means photo
@DomN8 how do you buy/ sell nets on Coinbase. I have Coinbase and I don’t see that option. Thanks!
CTSSHAH photo
@BigMonsta420 you could be an early adopter! I heard some horror stories when I first started researching in terms of fuel cost to get it done.
Kyle Wallace photo
@ctsshah with ETH prices high, fuel cost will also be astronomical correct?
CTSSHAH photo
@GarbanzoStu 🤣 Ya I’m trying to find my floaties @sheenhart I hear you on that. I finally got to see some positive Doge action after just ignoring it for months @xiantese well my little sister and I are both flummoxed by it and we both like to still think we are young-ishSee more
CTSSHAH photo
@BigMonsta420 I think that was my understanding how it works … I’m literally at the point where if this was learning a language that maybe I know a third of the alphabet.
Amber photo
@ctsshah I feel pretty young unless I’m hanging out with 20 year olds. Lol
S
I’ve seen an NFT RPG game in the works. the prices for entry to the early access is ludicrous. I recommend taking a read https://www.playtoearn.online/2021/05/18/nft-powered-action-rpg-big-time-coming-to-pc/
docology photo
Following can someone interact so I remember to come back?
Neil photo
niftygateway lets you buy and sell without having to setup a crypto wallet and you can move nft to blockchain wallets after purchase then move to another marketplace
CTSSHAH photo
@docology don’t forget to come back! In all seriousness I do index my posts so that you can hopefully find them easily by searching. This one would be the tag NFT or NonFungibleToken
CTSSHAH photo
@Spreadsheets24x7 thanks for the tip!
Joel Revelsindastonks photo
I’ve made a few on rarible and purchased a few there as well. I like to think of them as trading cards but with pieces of digital art instead of cardboard cut outs. Just as in the trading card world though, some can reach astronomical value!
CTSSHAH photo
@sicdood that is actually a pretty interesting way to look at it, but I think you are right I think Tom Brady is trying to capitalize on some of that market
Garth Phoebus photo
@ctsshah I understand that feeling. Investing is something tangible though. Depending on the NFT, I wouldn’t mind investing.
Chris photo
Chris@CDE
I bought an ethereum domain (ens.domains). It’s a good way to figure out the MetaMask account, do a transaction, and link a wallet to it
CTSSHAH photo
@CDE mind giving me a quick run down on what an ethereum domain or MetaMask account is? Think 6th grader knowledge on the subject ... I'm new to this but want to learn. Or a good reference resource would be great!
Chris photo
Chris@CDE
@ctsshah Sure. MetaMask is a browser extension and phone app. You can use it to buy ethereum and then, since it’s a browser extension, you can go to a website that is a blockchain application, and connect the MetaMask account so you can use ethereum in that particular application. An example of a blockchain application is the ethereum domain name site. It’s like godaddy for crypto, so you can getSee more
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