i'm interested but super sketched out they absolutely refuse to give any inclination towards how much the annual fees to run a team will be

they absolutely refuse to say how much, just keep on referring to an ama that says "we hope the fees will be low"

so you doing lots of minting every "season" ie promoting from your academy has fees, using transfer market has fees, and each season lasts two weeks so when you mint a guy at age 21, he'll be 33 years old in just 3 months time and retired so everything is very short term with constant minting fees to bring in new youth or transaction fees to buy a star

this doesn't include fees charged to support the team behind it - they don't disclose what that is

i really like the idea behind it but it seems like a money pit

They are launching on an L2, so fees will be minimal. I bought one just to play the game and not as an investment.

this isn't confirmed, they don't know yet - i was told anywhere from $10 to $100 per transaction

they also haven't decided how much they'll charge in fees to play on top of this

a season is two weeks

a team produces 10 academy players that need to be minted each season

you're looking a floor or $100 to a peak of $1k every two weeks just to operate as a normal team - this doesn't include buying players nor paying fees to run a team

This is from the FAQ on their discord, updated today:

i've spoken to them personally, they don't give details because they have no idea - they haven't yet decided what or how they'll implement these things - but frankly, i think they have and they are lying, how could they be ready to launch and still haven't worked out basic functions of the game???

i think the fees will be astronomical and they're waiting for people to already invested in playing before they pull back the curtain

but, from their estimates, every two weeks you'll be doing a floor of ten mints and they think the "cheap" version of that is $10 per mint if they find a very cheap l2 solution - this doesn't include the game fees they'll bake into this for prize pools and their own revenue nor paying for transfers - selling players also has a gas fee and an undisclosed portion of the sale goes to them as well

so we're looking at a game that their version of "very cheap to play" could have a floor of $200 a month (one year in game is 2 weeks irl) if only ever bring in new talent via the academy and never pay to bring in top talent (which of course is going to be a major feature of the game)

it's possible you could just farm out players and sell for a profit but i'm not sure how much people will pay to have a good player for just 3-5 months irl and then repeat the cycle all over again

200$ a month is quite cheap in crypto / nft land. Especially when your assets are (im assuming) sellable. So a 10$ academy mint could be worth quite a bit more.

yeah, these are my thoughts that everyone is like "zomg so cheap"

but the thing is that by nature they can't be valuable and most will be worthless, if they were valuable then nobody would need to buy them off transfer market and just mint their own, so either everyone has awesome players and there's no market to sell or you're getting mostly worthless crap, in which case you then may be wasting your money and still needing to pay up for a decent player - i thnk there's room for some people to just farm and sell players, some whales who just want to have the best teams and buy them up and the majority are just casually playing a game that costs them over 2k a year to play and isn't even really all that fun anway

and they're taking an undisclosed chunk out every single minting as well as an undisclosed percentage of the sale fee

it could be worthwhile, but this close to launch, i don't believe for one second that they haven't figured it out yet

truly astounding people are dropping real monies on teams for a game they don't know anything about with no concept of how much it'll cost to play etc etc

i may still buy a team, but i was literally 5 minutes away from making a purchase and wanted to clear some things up with the people running it and just got a bunch of dodgy non answers and when they finally did respond they admitted they hadn't built the game yet and had no idea

10 months later this idiot bought a punk, everyone point and laugh at him

Any way to buy NFTs an avoid the crazy gas fees?

IMX is a layer 2 aiming to address this problem

Atomic Hub has NFTs and no gas fees on WAX
Polygon is an L2 on Etherium that has NFTs on OS
ImutableX like Clayton mentioned. L2, has its own market place (I'm bullish on GoG)
SOL has a marketplace
Terra has NFTs now

There are probably a bunch more I'm issing

57 ETH now, and still seems prime to drop more.

It's really interesting with punks because it's much more difficult imo to ascribe value to punks rather than say the BTC or ETH networks. What a reasonable floor or ceiling is I can find multiple arguments for.

I do think that punks are really the BTC of the NFT space though. One of the only ones to have a high degree likelihood of being worth anything say 20 years from now.

I just replied to your pm, nice to come back and see some footium chat going.

Regarding the bolded part there must have been some crossed wires here as they have been working on the game for a year so they do have something built but obv its not finished yet.

Being active in the discord they have made it very clear they are going to listen to the community before making any decisions so I 10% believe them when they say they haven't set an exact amount on what the fees will be.

I do remember being involved with a conversation like this a little while ago so possibly it was you we were talking too.

Speaking of people paying crazy money for teams before the game is launched, someone spent 20 eth on 2x division 1 teams and a division 2 team at the weekend

https://opensea.io/0xef49eb38d571c35...f197733c892525

someone else also spend 8 eth on a d1 club on the same day so hype is definitely building

they had a sky sports soccer sunday event at the weekend just to demo what the game is currently like well worth a watch for anyone still interested in the project


https://www.youtube.com/watch?v=sj0C3UmHEU0

Ill clear this part up, every season you will get a youth intake of players right to your club. You can use these players until they turn 21 after that point you need to mint them otherwise another club can sign them on a free transfer. If you want to sell the player you will also have to pay a fee. However footium will have its own token that you will be able to earn in game so its very likely your club will generate enough money each season to mint your best academy players.

The game itself is based on a level 2 solution so the minting fee isn't a gas fee as there are minimal gas fees on level 2. Rather the minting fees and the % of the transfer fee will be taken by the game and then redistributed as prizes. Once you own your club it will absolutely be possible to never have to spend anything else running it but obv it's not realistic to be competing with division 1 clubs with zero budget.

Apes flipped punks

https://www.theopendao.com/

If you've transacted on OpenSea then you have some SOS waiting. If you did a lot of transacting, well you have a lot of SOS waiting. I would have about 11 Eth worth if I hadn't sold a big chunk. Whoops

SOS to da moon.

Buncha flags but still hodlin

Tried to buy an NFT on opensea. Someone got it before me and the transaction on coinbase wallet is stuck pending? Any idea how to fix this and free up the money? Thanks

It should fail. You'll still pay gas.
Alternatively, find the tx nonce and send another 0 ETH tx to yourself and edit the nonce to make it the same as your pending one.

Thanks that worked.

NFTs are back baby. At least for a day

My MAYC 7552 was stolen from me (wallet was compromised). I got it delisted from Opensea and Rariblr, but looks like it’s in a defi pool. How do I learn more about these defi pools?

Hope someone can explain something basic for me- thanks:

Do miners sit around waiting for transactions that pay enough in fees to make it worth their while to mine, start mining, and then only the fastest miner gets paid?

Is there any info on who's making the most money right now mining and what kind of rigs they're running?