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Why I've Changed my Mind on #NFT
1) In crypto age, I'm already dead. And maybe b/c of that I just didn't get NFTs.
But unlike a lot of maximalists. I like to delve into things before dismissing.
1) In crypto age, I'm already dead. And maybe b/c of that I just didn't get NFTs.
But unlike a lot of maximalists. I like to delve into things before dismissing.
2)I bought myself a hashmasks.
I appreciated the work the artists put in on hidden attributes & groups. The gambling thrill from unveiling ur hashmask. I liked how it generated yield w its name change token $nct u generate. I sold my nct/broke even. Free wheel'ng on the hashmask
I appreciated the work the artists put in on hidden attributes & groups. The gambling thrill from unveiling ur hashmask. I liked how it generated yield w its name change token $nct u generate. I sold my nct/broke even. Free wheel'ng on the hashmask
3) I thought it was cool all the work the community has done like @NFTX_ tokenizing ur NFT into an index fund $mask on $eth so you can
1. Provide liquidity on @uniswap for trading fees/participate in farming & get yield
2. Having a way to "instant sell"
1. Provide liquidity on @uniswap for trading fees/participate in farming & get yield
2. Having a way to "instant sell"
4) When u tokenize ur NFT uu put it in a pool & u get a token.
U can sell the token for the going rate, provide LP or later trade back for a random NFT. BC u get a random NFT u don't want to be tokenizing ur best NFTs, hence the indexed price is the floor price of commons
U can sell the token for the going rate, provide LP or later trade back for a random NFT. BC u get a random NFT u don't want to be tokenizing ur best NFTs, hence the indexed price is the floor price of commons
5) Mark Cuban's write up about growing up as a stamp collector and how NFTs take away all the pain point of an NFT started to change my mind even more.
https://blogmaverick.com/2021/01/31/the-store-of-value-generation-is-kicking-your-ass-and-you-dont-even-know-it/
https://blogmaverick.com/2021/01/31/the-store-of-value-generation-is-kicking-your-ass-and-you-dont-even-know-it/
6) NBA topshot's record breaking growth and card pack sell-outs in minutes changed my mind even more.
7) Just today, my nieces who are in grade 2 and 3 showed me their Roblox characters & how they've spent over $1000 on customizing their characters.
They then argued over which was the prettiest shoes and once agreed, spent $50 to have a pair of wearable, tradeable digital shoes
They then argued over which was the prettiest shoes and once agreed, spent $50 to have a pair of wearable, tradeable digital shoes
8) When you have a generation grow up in a digital world, they find digital goods as valuable if not more.
It carries all the "flex" that a pair of limited edition jordan's might garner without any of the worry of wear and tear, and none of the hoops of transacting a trade.
It carries all the "flex" that a pair of limited edition jordan's might garner without any of the worry of wear and tear, and none of the hoops of transacting a trade.
9) I've looked at how I could benefit from NFTs.
I could buy and sell hot NFTs but that would take commitment & research.
I'm not in NFT for the hobby, but for the gainz.
I could buy and sell hot NFTs but that would take commitment & research.
I'm not in NFT for the hobby, but for the gainz.
10) Thought maybe I could get the $rari token, the platform for buying and selling NFTs. But it's been pumping.
Decided maybe I go for $flow.
Decided maybe I go for $flow.
11) The company behind cryptokitties launched their own blockchain and houses NBA topshot and others such as UFC.
It's currently only on Huobi, which feels like a hidden gem as volume hasn't picked up yet.
It's currently only on Huobi, which feels like a hidden gem as volume hasn't picked up yet.
12) I'm actually an NBA fan, so I might nevertheless look into nabbing myself a few topshots.
Maybe this is my mid life crisis. Instead of buying a motorcycle I buy a legendary @nba_topshot
Maybe this is my mid life crisis. Instead of buying a motorcycle I buy a legendary @nba_topshot
