Wife came up with a decent idea of NFTs related to her tarot business. Initial thought for her is to offer them for free or very low cost to the jungle to see if there's interest. I think the potential is there.
An interesting novel application for NFTs that is isn't covered here is Intellectual Property.
The first DAOs are now starting to attach IP to NFTs, which can then be freely traded via crypto.
It's a massive gamechanger in areas like biotech investing, where DAOs can make investments directly into promising research and teams, independent of outdated academic institutions and bureaucracies, all by making the IP into an NFT.
Thoughts on NFTs if you don't flex, ie stealth wealth. IRL we identify wealthy coinvestors through word of mouth. Does a punk/NFT let you do this without revealing your identity to everyone?
How do they link that it's actually them, not just someone giving me someone else's wallet address?
*right click save* on an NFT is analagous to you saying "Oh yeah i have been to his mansion once, it was great !!!" OR "man i sat in his ferrari, damn it was so good". You are only amplifying the asset owner's flex by talking about it, same thing with NFT. You right click save, the metadata is immutable, you can fool someone outside the community but all he sees is a JPEG, so you're flex on him is futile.
been working in Silicon Valley for a long time--noticing that there's a rapid divide between people who are all-in on Blockchain, and people who are absolutely convinced there's 'no there, there'.
wondering what the Jungle's take is on the people in Camp 2, who insist that:
a. sure, the status-signaling elements of NFT's are probably valid, but beyond that none of the Blockchain/NFT use-cases are especially meaningful
and
b. almost all of the proposed 'cool/meaningful' use cases (stuff like the NFT Passes for 'experiences', or NFT Assets that confer access rights in games, or signaling credibility in a community) can be more than adequately handled by traditional databases. Blockchain isn't necessary and is (according to these folks) needless complexity for no real *user-facing* benefit.
Good write up, I wasn't aware of some of these acronyms.
Wanted to request if you could briefly share your thoughts - perhaps on the next paid substack - on the current energy crisis/shortage situation occurring in Asia/Europe at the moment, ESG increasing energy costs, and what this means for markets/crypto - if it would lead to much higher inflation or even hyperinflation?
GM / GN everyone! Long Live The Bull
Don’t hate on corona my guy! :)
Wife came up with a decent idea of NFTs related to her tarot business. Initial thought for her is to offer them for free or very low cost to the jungle to see if there's interest. I think the potential is there.
An interesting novel application for NFTs that is isn't covered here is Intellectual Property.
The first DAOs are now starting to attach IP to NFTs, which can then be freely traded via crypto.
It's a massive gamechanger in areas like biotech investing, where DAOs can make investments directly into promising research and teams, independent of outdated academic institutions and bureaucracies, all by making the IP into an NFT.
When Clownbank hashmasks reach 150 ETH, should I trade it for a punk?
NFTs on STX or SOL worth buying? Or only ETH
Will there be a post on how to evaluate good or bad NFTs ? Hahas. Thanks for this btw. Really helpful.
Bears Deluxe.... probably nothing... if you're looking for COMMUNITY, this is the one if you don't have a PUNK, BAYC, or Cyberkongz
Thoughts on NFTs if you don't flex, ie stealth wealth. IRL we identify wealthy coinvestors through word of mouth. Does a punk/NFT let you do this without revealing your identity to everyone?
How do they link that it's actually them, not just someone giving me someone else's wallet address?
I'm having a hard time understanding how a person can be linked to the ownership of the nft.
In my understanding the nft blockchain data will only contain the wallet address of the person who owns it.
When it comes time for proof of ownership, how does the owner prove that the wallet belongs to them?
Follow-up question, is it possible to have NFTs of physical art like paintings? If so how would that work?
*right click save* on an NFT is analagous to you saying "Oh yeah i have been to his mansion once, it was great !!!" OR "man i sat in his ferrari, damn it was so good". You are only amplifying the asset owner's flex by talking about it, same thing with NFT. You right click save, the metadata is immutable, you can fool someone outside the community but all he sees is a JPEG, so you're flex on him is futile.
Ingenius.
This is the Way
been working in Silicon Valley for a long time--noticing that there's a rapid divide between people who are all-in on Blockchain, and people who are absolutely convinced there's 'no there, there'.
wondering what the Jungle's take is on the people in Camp 2, who insist that:
a. sure, the status-signaling elements of NFT's are probably valid, but beyond that none of the Blockchain/NFT use-cases are especially meaningful
and
b. almost all of the proposed 'cool/meaningful' use cases (stuff like the NFT Passes for 'experiences', or NFT Assets that confer access rights in games, or signaling credibility in a community) can be more than adequately handled by traditional databases. Blockchain isn't necessary and is (according to these folks) needless complexity for no real *user-facing* benefit.
why are these folks wrong?
Corona started reading this unaware it was about to catch a stray! Damn!
How do miner bribes work, and are there miners in the jungle we can bribe?
Good write up, I wasn't aware of some of these acronyms.
Wanted to request if you could briefly share your thoughts - perhaps on the next paid substack - on the current energy crisis/shortage situation occurring in Asia/Europe at the moment, ESG increasing energy costs, and what this means for markets/crypto - if it would lead to much higher inflation or even hyperinflation?