Majority of NFT collections are capitulating, new data reveals
The data reveals that only three out of the top 10 most valuable NFT collections by market capitalization are currently up in price in Ethereum (ETH) over the past month, according to data shared with Finbold on April 28 from IntoTheBlock, a leading data analytics firm specializing in blockchain and cryptocurrency.
See data.
I'm not surprised. Never been impressed with NFTs as "art". The interesting use cases for NFTs are programmable future actions, such as membership schemes, game cards - pretty much anything that can carry some benefit. In the extreme, money can be created as NFTs, in the sense like banknotes are numbered.
Art - so what? As a certificate of authenticity for some product, that's fine, but a certificate of itself has always seemed pointless. Let's move on to more interesting uses.
And yet, the push continues...
Art Auction Giant Sotheby's Unveils On-Chain NFT Secondary Marketplace
I kept trying to get into nfts I was one of the first ppl on known origin even but I just could never rly get the value of them I don’t rly get it
Also, really quite expensive to mint, right?
I think they would work best as coupons for a real product - say, someone can invest in one of your real works, but not take delivery, but relist the NFT, until someone who wants the painting will burn the token as payment. That kinda thing. basically, a derivative of a real product.
and an NFT would make sense, rather than a fungible token, as it is tied to a unique and specific product - even a limited ed print run would have numbered copies.
or programmable NFTs, that can be traded until triggered.
https://www.merriam-webster.com/dictionary/provenance
Don't give into it... It's all a charade
I think your @ultravioletmag on STEEM is more nifty than a whole NFT marketplace 🥓
the auction rooms are the exchanges for money laundering.
some get sucked in believing they are valuable - until they need to resell.
O man
Nailed it 🥓
Nah steemit doesn’t make much in person sales of physical stuff and YouTube is mofe lucrative but I am going to open a physical shop soon I’m kinda bored of online
It was always a more valuable Wallet
STEEM that is. 🥓
It’s funny as anyone from the world into crypto who talks about social blogging still talks about steemit it’s like they havnt heard of even hive it’s not actually well known I guess ppl that didn’t actively blog just invested in steemit and didn’t know anything that went on
I thinQ WTP (ourMUTUALfriend) made a very productive channel on STEEM back in the day; He also knew when to move it over into hive for good exposure...
But BLURT is where I'm moving MY RevolutionS Forward 🥓
Gaining Momentum 🌭
I prob had similar pattern to him but still when you talk to ppl generally they all know steem not hive I think most didn’t rly follow closely and never rly knew anything happened. I’m talking about investors who didn’t blog daily
The Key here is that you were able to begin using hive and BLURT because of a Chain Fork for hive and a Chain Reboot for blurt... but your wallet addresses of WTP and UVM remained capable... which is an achievement that most people ignore.
The simple truth is that these Graphene chains offer a ridiculous amount of innovation over the rest of the crypto market, but the OLD Babylonian trick of keeping IT about money has completely hidden the Potentials.
90% of all investors in the stock market lose their money
it looks so easy
click
click
.
.
.clunk
is true of every newb day-trader.
one thing crypto has done is to bring in a large cohort of ppl who never gor ripped day trading.
What goes up
Must come down 🥓
Re🤬eD
Certification
Is a Process 🥓