miners compete to validate the transaction. this is done through random number generator math problems that u can only solve thru brute force. the more energy u spend, the more likely you capture the value.

big miners take basically thousands and thousands of GPUs and pool them together. they will also form cartels of miners to profit share and lower variance.

you can search where hashpower is coming from on PoW systems and guess what miners are making what kind of money. some miners are public and post their stuff on quartlies.

Looksrare.org is developing their own marketplace to compete with OpenSea. Its backed by a bunch of big names in the NFT space, with Dingaling as the most prominent member.

They have their $Looks token that is claimable now. You can single sided stake it for APR right now. Or you can damp the token for a boost of liquidity. I got a decent sized chunk but have gone the staking it all route. It should be good for a pump at some point in the near future, IMO

Pretty cool. It looks like a watered down version of the app "top eleven".

is anyone looking at some low mc NFT 2.0esque project where you can collateralize your jpeg?

What's the best ELI5 for Metaverse real estate?

I made good money in .com domain names in the 00s, and distinctly remember them being poo-poo'd and mocked by clueless old-timers who thought the internet was a passing fad.

I'll wait for the bust before jumping in head first but interested in having an informed perspective to swoop in when all the enthusiasts are smashed back into day jobs and there's gold in the wreckage, once the enthusiasm dies down.

Is there a metaverse thread? I am looking for a place to ask some beginner type questions about it. I've done some basic research about meta and have a pretty decent understanding of what it is, but I am having a tough time seeing how it can become even 10% as popular as some think it will be.

We could definitely start a thread for that if there's interest.

thing about a .com is the value is its "location" before the .com ie cars or socks and their various iterations and common mispellings had obvious value but something like 2sdf821ksdou4 .com wouldn't have any value, even if a company had gone out and built a brand with that name they'd still want a simpler url or something like 2sd .com

while there are unlimited .com potential urls, there's only a handful for a company without a strong brand presence that make sense - and that was a fleeting moment. clothing.com made sense when there were not established online clothing sellers and search was so bad that people would literally just type in a .com for the product they wanted to see if that worked, but nowadays search is advanced, everyone sells online and it's about brands not .coms, so now clothing.com 404 redirects to https://www.michellesruidoso.com/ so company which must have paid up the wazoo for what is today a landing page that probably only constitutes a very small amount of their inbound traffic

if you want to domain camp now it's done on upcoming brands and politicians. things like car .com isn't worth what it used to be and already taken

i could be mistaken, but like .coms there should be an unlimited amount of metaverse real estate that could be minted, and they will all be of 2d7slsod71204nfds93 variety so i don't see why anyone would pay a premium for something infinitely copyable

I mean, kinda'ish but basically no.
You can't 'camp' on brands, you'll get sued, politicians know better than to try and 'domain' their way out of a hit site. Go ahead and spend $15,000 for (You)Sucks.com, because (You)ReallySucks.com is available for registry fee and can be slightly modified to the exact same effect

Type in traffic was killed by search engines (and lame-ass domainers not realizing they had lightning in a bottle and instead of developing it our really connecting their generic .com domains to the right end users, decided to settle for tooth whitening ads and teaching the public that typing in keyword.com was not a good way to get the info you needed- MASSIVE dumbasses) but a really good, industry defining .com domain is still a super powerful marketing tool. I dont think they'll remain as relevant as they once were given how browsing habits are evolving, but if web interaction keeps getting more dynamic and integrated, then its possible they may become much less relevant/irrelevant.

On the matter of metaverse 'real estate', the basic idea is that virtual worlds are presently developing that will one day overlap with commerce and that 'location' in those worlds may be relevant. Could be autistic horseshit, or could be something big if it actually plays out.

Agree with this entirely, but it may be worth a small hedge, at least worth looking into.
We'd have a hard time comprehending the breadth and scale of smartphone usage 20 years ago, too.

The Metaverse now is a mostly nebulous idea and is definitely selling some hopes and dreams. I see us reaching a point where its all consuming, somewhat like Ready Player One, but that is very far away.

I think the Sandbox is offering something like massive multiplayer minecraft where you can build pretty much anything and import characters as your avatar and run around and go to Snoop Dogg's parties or a Steve Aoki concert. That is a decent start. There have been some proof of concepts like Other Life where it was much more structured, but give you the sense it could be pulled off. With most this ****, the problem is going to come to scaling.

I’ve found the Fyre Festival of Crypto- Cryptoland

https://www.youtube.com/watch?v=jf3ajS5me78

This isn’t a parody. They are actually trying to get people to invest in this.

Real companies and brands are putting big money into land in what are emerging metaverses that I think will evolve. Decentraland and Sandbox being the most well known. I think decentraland has a lot more upside as its more of a true world where the land is actually more like streets and areas. They need to fix mass realms and condense it a bit and make it so it isnt a ghost town all the time. They just implemented day/night recently and there are some new things coming. There are a bunch of other metaverse projects and some projects launched for the metaverse avatars. I think NFT Worlds is the newest and fastest growing and has some overlap with sandbox in build but is much bigger and gives more of an experience fo community minded NFT projects and many projects are purchasing their very own enormous worlds. Ton of projects and everyone is claming to do something similar. As an additional fyi- most of the metaverses do not have infinite space to grow, it is limited but could be grown if the current landowners vote for expansion. Sort of like a DAO but I am guessing the native coin can also act as governance.

This reminds me of the scifi story about a guy who launches a spaceship to the nearest inhabitable planet. He uses some type of stasis to sleep but wakes up every once in awhile to do maintenance on the ship. One time he's doing the maintenance and he sees another ship out there looking at him. He eventually realizes that the technology advanced to a point where they could quickly get to the planet, it's been colonized and now instead of being a pioneer in space travel he's just an oddity for people to look at as they pass by.

I'll be shocked if any of this "real estate" lasts.

This is a bit of a whales playground but might interest some here

https://aifa.football/
https://opensea.io/collection/asm-aifa-genesis

Help me understand minting NFTs
Apparently, numismatic NFTs are a thing, I own some decent rare coins that are probably good candidates for that.
Example: important issues professionally graded in finest-known condition with super good, pro level auction photographs.

Where do I begin?

here's one shilled by tetranode:

https://twitter.com/jpegd_69

i can't speak to the strength or value of the project because collateralizing my jpegs seems insane.

Tetranode is a moralless pump and dumper who did obvious wash trading to drum up demand for the shitty nft project he shilled after secretly building up a big position

I wouldn't trust anything hes touting. He will make money off it regardless if any of his followers do or get rekt.

so is it too late to register a charity that provides a homeless shelter in the metaverse, where the ceo has a multi million dollar compensation package
or are we past peak metaverse hype

Thanks for the reply and info Clayton. Re: the variance you mentioned- is that partly due to not always being fast enough to beat other miners, thus burning juice for nothing?

best miners will obv be having the best equipment so theres a hashrate against spent energy thing that im sure miners are more efficient on, but a better way to think about it is (lets use a bad analogy) if your mining power is 0.001% of the network and you have a 0.001% chance of hitting the reward from validating the block, u are spending a lot of money in energy to only have a 0.001% chance of hitting the reward. could end up paying off longrun but thats too long a gap of spending money to not receive any reward. so instead u group up with 1000 miners w similar set ups as you to get a prorated share of the 1%. now your reward hits 1% of the time instead of 0.001% of the time and u can actually plan your finances around that somewhat

im sure some bitcoin nerd is gonna be tempted to quote me and point out all the fallacies in my statement, plz dont ffs just trying to make it ez to understand zzzz

Mining pools smooth out the variance in successfully finding the hash for the next block in PoW or being selected as a block producer in PoS just like running it twice in a poker hand smooths out the variance of results in any one outcome. It can potentially lead to some centralization concerns as hash rate or stake will coalesce into a power law distribution into the top X mining/validator pools.

I don't mess with NFTs enough to really judge this. Is this at all alarming, or just another person taking your IP address? https://www.vice.com/en/article/xgdv...ddress-opensea


On one hand, I realize just about every website has this information already, however when the person with your wallet address has your IP that's a completely different story. Also I'm guessing IP addresses are just the first step in this.

Hey this is very interesting, thanks so much. Given the energy usage, I'm now picturing thousands of cars going around a track with only a limited # of winners. Does this analogy hold in the sense that all the drivers know exactly who won each race and exactly where they themselves finished?

Also, when you hear things like "Mining uses more electricity than some countries," how is such a thing estimated?