If you like the mooncats crypto-archaeology mania, I recommend Pepecash. It was built on XCP (CounterParty), and is basically a bitcoin blockchain-based NFT project, predating mooncats, cryptokitties, and everything else. Was a vibrant community in early 2017.

One of, if not the, OG of Pepecash was John Villar. He passed away recently. https://theogoodman.medium.com/nft-l...s-6f217c8b802d

There's been an NFT created in his honor and all funds will be given to his family. https://twitter.com/GatewayXcp/statu...67969449578502

As the NFT craze seems to be digging up and mooning everything from last cycle, valuing both history and age of NFT's, go look up XCP assets and their story. This was the too-soon time period for NFT's.

https://www.youtube.com/watch?v=UiwY6wrVC4w

Here's another good interview between beeple and crypto-billionaire CryptoCobie. Beeple bashes the crypto world for not just accepting credit cards, which looks like one of the reason the biggest early movers in recent months have been topshots/niftygateway for allowing both cc and eth payments.

IMO if you want to make any big bids or at least have some exposure in the NFT space at present, it's best to just buy coins that serve as an index for what's happening. RARI, ENJ, MEME, whatever.

NFTs art is garbage, but money shall be printed by FOMO boys.

nft's related/integrated into large online gaming communities seems like where the value is?

imo way more actual usable value vs art nfts, but less hype.
For ex: https://enjin.io/blog/enjincraft-plugin-for-minecraft
https://enjin.io/plugin/enjincraft

Anyone want to take a stab at estimating long term punk floor values? Anyone think they compound > than eth/usd? Anyone see value at current levels?

this thread (first tweet) mean anything to you guys? (have to open it in twitter to see the rest) its a bit out of my paygrade, but the gist of it is troubling even though it seems like it doesn't apply to all NFTs eg punks (second tweet)

Lol at saving a preview image of metadata to a USB stick and storing it in a safe

lol ya seems like how many of these marketplaces are currently doing the NFTs is fatally flawed.

Doesn't mean it's a bad idea, but the current implementation is.... not good.

vini, is this throwing a wrench in your buy a cryptopunk plan?

nah, the wrench is that i don't feel great about the prices

Sounds like something a nit would say.

I also looked into punks to buy one that appealed to me. Goddamn it is hard to justify shipping one of them.

Also confirmed nit.

Good think top shot did all that back end prep for the drop so that their site would actually work

.....

I think something like NFT Magic the Gathering cards can be interesting. Value tied to the eligibility to use the NFT cards in games/competitions.

Tony G NFTs coming. Bring him more Russians:

https://lympo-io.medium.com/tony-g-w...l-18a05880d337

Playing around a bit with NFT's just for educational purposes mostly but I did try (not too hard) to get a drop or two at topshot to no avail. I bought a few cards just in case. I was high bidder on the 1/1 Gronk card on opensea until the final day when it went a little crazy (in my opinion). Might buy a couple of the ~1 ETH pieces on opensea but its the wild west out there.

I like this one so will probably throw a bid in this week:
https://opensea.io/assets/0x495f9472...24949315256321

Will probably find 1-2 more. Any up and coming NFT markets that other people are looking at?

I dont mind looking and having some exposure but I am not sold on NFT's in general.

I just got some at fixed price ($800), limited editions, from Dutch artist Marcel van Luit. He has a great rep in the art scene, and these are his first NFTs.

You can find them on opensea/rarible. Or on his website. Personal fanboy of his art tho

website is marcelvanluit(dot)com

Just went pretty hard into NFTX last night; I like the price point now. Have had these indexes on my radar for a while, it's much-needed and I like this project better than some of the more focused (as in a specific artist/project) or more "chaotic" ones that do more than a general expression of the NFT world. Don't really feel like going long into a beeple index either, and considering selling my $MEME a bit sooner than nftx.

If you have some specific NFTs but want to hedge out in an easy way since it's a headache for many reasons to try to scoop up handfuls of expensive single pieces, I'd recommend exploring these indexes.

Man, I remember years ago apeing into Maecenas when I was buying random NFT's in 2017. It felt like my "responsible" play for digital art/fractioal ownership stuff. Guess I was wrong and kinda too early to everything (as mostly people just wanted to trade rare pepes & kitties last cycle - not that there's anything wrong with that!).

Wandering in here after a couple friends brought up Top Shots to me

Question, are NFTs divisible? Or is it one NFT to one particular item? Take that Tony G post upthread. Will that sell to only one person and that's it, or can multiple people eventually "buy a piece" of it?

Literally never read into this thread or general space, only just know/understand BTC/ETH...

March 17th The Hustle newsletter had a good wording for a layered approach on monetizing NFTs on a 2nd layer:

"MetaKovan’s plans for NFTs raise ’brows
Metapurse, the crypto investment firm financed by MetaKovan, is being “stewarded” by Twobadour (yes, another mysterious alias). It’s basically an NFT holding company on a mission to democratize access to NFTs.

Hold on, it gets crypto-ier.

In December, Metapurse purchased Beeple’s Everydays: The 2020 Collection for $2.2m. A few weeks later, they announced the release of a token dubbed B.20.

The tokens represent digital “keys” to Metapurse’s NFT portfolio and provide access to 3 virtual museums to view the NFTs. It’s like fungible-ing the non-fungible."

Haven't checked specifically, but ENJ planned to offer solutions for NFTs, like lending them out for a period and other smart contract stuff. Not sure about multiple addresses having control over a single NFT.

Likely as successful of a long-term project as coinpoker and bankera.

I'm a meme ape. I think this is good. Number go up at least.

https://dontbuymeme.medium.com/nifty...d-5eba2867ff86

The current form of NFTs are very juvenile, a future where it's possible to split NFT's infractions shouldn't be too far away

https://www.theverge.com/2021/3/25/2...rls-links-ipfs

And so the evolution of blockchain and its relevant tangential issues go...

Didn’t dawn on me that outside of the smart contract, there’s literal contract issues, as in the agreement of sale isn’t rested on a contract, but some website’s TOS, which is problematic for obvious reasons

I don’t think that will be a huge problem tho. It more or less follows it’s a problem the internet and users will solve in order to move forward

But it is funny an eight figure purchase can suddenly become a 404 error bc website got old lol. Oops...

Arweave definitely getting some traction. Only thing is, I never believed that decentralized storage would (or should) accrue value-- why I passed on the initial Filecoin sale (sadly). Storage is commoditized and it's not clear that there's a network effect for storage.

I don't see any future where FIL or AR are seen as money, and would command a monetary premium. It's not competing in the same category as BTC/ETH.

Therefore it would have to accrue value in some other way, like cash flow generation. In that case, it's unclear how much rent they could extract and what their moat would be.

FIL valuation is ofc ridiculous but they have a strong connection to Ethereum/ConsenSys and good ponzinomics.

This ties into my investment thesis for all blockchain assets.
-Things that command a monetary premium (BTC, ETH)
-Things that could sustainably produce cashflow (UNI soonTM, SUSHI already, various other fee-earning tokens that have stood the test of forks)
-Things that are valuable as collectibles/status items simply because they're cool/have historical relevance and people want them (Cryptopunks)

(anyway am carry trader so owning something like FIL or AR isn't really something I consider unless I have high conviction that it's absurdly undervalued or will trade much higher soon)