There's never been a better time to understand how public blockchains work.

I think a lot of normie adoption will occur via consumer-facing apps (Dharma is an example) that abstract away much of the current difficulty. Financial professionals will (and already do-- JUMP and Susquehanna some big names) use protocols directly and control their own keys.

TBH it's quite easy if you just spend an hour or two with someone who understands and will help you setup a web wallet (Metamask) that integrates with a hardware wallet (trezor or ledger).

I had a similar Cautionary Tale experience trying to purchase some AAVEGOTCHIs on launch using GHST. Basically got hit by a bunch of fees (gas) transferring out from Binance onto ETH main, then migrating/bridging to Matic network.

Going from just having some coins on Binance I was able to get my Metamask setup and sort of figure out how to get onto the MATIC network

It looked a bit like this:
- Withdraw GHST from Binance to ETH main (10 GHST fee)
- realize I need ETH on mainnet to bridge my GHST over
- send ETH from Binance to ETH Mainnet (pay Gas fee)
- Bridge GHST to Matic Network (pas Gay fee)
- realize I need more ETH to stake my AAVEGOTCHI if I get a portal so bridge from ETH Main to Matic network (pay Gas fee)

Also didn't end up being able to buy any AAVEGOTCHI portals despite being there at launch, just stuck approving while watching the initial 10k portals drop in count. Even though the Matic network runs on super low fees, it got clogged up with a huge abundance of transactions & I didn't realize I would have to increase my fees to confirm the transaction.

Of course I didn't do things in an optimal way by any means but by the time it launched I honestly would have just preferred just being in a queue and trying to pay with credit card like with a concert or sports event ticket sale. Now I'm stuck with some GHST and ETH on Matic, and I'll pay some fees to Bridge back and send back to an exchange / withdraw if I wanted to do that.

LOL. I totally agree with this.

Also I wanted to post a picture of that MSPaint Ivey from years ago (maybe it was originally posted in BBV or NVG), but I couldn't find it anywhere. I hope someone has a copy of it somewhere. Could fetch a big price these days...

i think this is why topshots is succeeding, they accept credit card payments and it's simple for us apes to figure out

Yeah aavegotchi is tough to get into. It looks like Matic L2 and BSC (binance smart chain) will probably be the winners for this cycle in terms of usage. Metamask has a barrier to entry and is an odd thing to get used to, let alone swapping into matic given the gas fees. As Matic itself grows it will probably be on more exchanges and eth fees can be bypassed completely.

The launch was wild and I'm sorry you didn't get a portal. I suppose this is really just luck of the draw when it comes to being involved in launches - the project looks promising however so it might be worth it to hang onto the GHST, either staking or buying something in the marketplace (at a premium compared to launch, granted), which is very active and works well.

It feels like internet boom all over again. The layers coming now are kinda like AOL back in the day, and will have mass adoption as they get streamlined. I don't agree that it's necessary to learn/understand the tech (gonna get flamed for this) as long as you have some "street smarts" and can reasonably vibe when something's sketchy, which is not the easiest thing in such a new industry. If not, sure do more due diligence. Truth is, the only "code" most internet users know now is how to format a URL in their browser, and even this is used less and less. I expect crypto to move the same way (even addresses will get replaced with .eth or .crypto ones (unstoppabledomains.com, etc)).

Niftygateway does the same - you can deposit with ETH or card. I think this is really the way to go for now, especially with NFT's which have attracted non-crypto-coin buyers.

To the point of us still being early in NFT's, in a larger sense I do get it. I was around apeing into NFT's in like early 2017 because the concept made perfect sense to me, as well as fractional ownership, but just too early at the time. For now, IMHO it's good to be pretty cautious with things like buying tweets or picking up whatever shows up in a daily drop, as some of these markets are pretty streamlined. I feel like the logic is "art goes up eventually, I'll just squat" is pretty alluring and driving much of the action from the dumb money.

However, there's certainly going to be more upside in parts of the space in coming months, and plenty of people will make parabolic gains. Just be careful, and honest about what you don't know.

https://cointelegraph.com/news/opens...rbitrary-value

Yeah getting onto aavegotchi was not easy...i know the team is trying to simplify it somehow. I got in and I've made over 25k flipping gotchi and items already.

if you still have the ghst, you can go to the bazaar and buy some cheap gotchi (either already summoned or in open portals) and just hodl it to see how the project develops.

****, this was the geekiest thing i've posted since I was in high school.

i just signed up for topshots, the top is here boys!

Been pretty fun trading top shots over the last couple weeks, aside from marketplace issues. Marketplace is down atm. It will be back... later. This was expected, but they've been having issues.

The thread on unstuck is a good resource to get up to speed.

It's been deathly easy but feels a bit tougher this week. Yes, super nerdy haha, it reminds me of runescape I played as a kid & that's probably why I'm so bullish. Some of this stuff will become super rare (especially portals, and they're wonderfully liquid) just like runescape early days - of course only if the game sticks around.

The EV of opening portals seems clearly negative, and there's going to be a lot of variance involved depending on where they go; I'm wondering about potentially trading some into realms (land) when the game starts, but if there's a distinction between gotchis from haunt 1 & future haunts, I'll just be long portals. Ok, that did sound very geeky, you're right...fren

This is basically the only project I'm not strategizing to get completely out of by summertime, in terms of small cap NFT's/altcoins in general. Might be a nitty perspective in general but when everything's vertical I'll wish the holders well and sell my bags (for ETH/BTC most likely).

JFC this sold for 12 ETH in Jan 2018.

love that punk. not an overwhelming amount of attributes, and its still rare cuz its an alien

Thats a lot of shekels

I like the guy selling algo'd reworks of the cryptopunks for 200+ on opensea. The ingenuity of some of these people.

Anyone see the WSJ piece on the guys who got in early and made 15-20m on the topshots? just crazy stuff

I still find myself pretty lukewarm on the whole concept but I do try to get packs, might as well

Any of you guys happen to know any engineers/developers familiar with the NFT space? PM me please

https://onlineonly.christies.com/s/f...-1981-1/112924

USD 69,346,250 for an NFT.

Congrats Beeple.

Meme + Beeple collab upcoming this month. LFG!

Unbelievable! Good for beeple.

Do we think that is the highest sale price for an NFT by the end of the year? Seems hard to beat.

I'd guess its the highest. Beeple did a fantastic job of ingratiating himself within the crypto community, so this is probably a bit of "charity". Not to diminish his work.

how the hell does it not go for 69,420,420. they got 99.9% of the way there lol

Because the people who care about that wouldn't even afford to pay $69,420.

Good point

I bought some $meme early this morning when i saw the price hit 20 million. I'm an idiot and so B20 drop from 24 to 16 and didn't jump on it cause i thought gas was too expensive. in a matter of minutes the beeple piece went from 20 million to 60 mil and b20 jumped back up to 28.

I think it was posted already but one of them just went on EstablishTheRun Podcast with Levitan and talked about how he did it, the future etc.

Does anyone have recommendations for US based peeps, exchanges to purchase NFT currencies? A lot of the ones I've been looking at for months+ seem near impossible to purchase in the US.

how is it possible beeple doesn't even have a wiki page?