NFT's and more NFT's

in esteem •  7 months ago  (edited)

Greetings Steemians,

I've been playing around with some Eth profits from Gods Unchained, and it's been pretty interesting checking out what the world of crypto has to offer these days.

In all respects, you could say I'm in somewhat of a "Steem bubble" which I'm ok with, because Steem is the best crypto asset there is in my opinion, for its massive social media utility, and blockchain scalability. Being that there are no fees for transacting, I could see Steem becoming a favorite for crypto gaming in the future.

So, playing around with Eth, I ended up with all kinds of different NFT's, and messed with some risky d-apps that I probably shouldn't have. I might end up losing, but I do have some assets around in places that could potentially bring me some nice profit.

At the end of the day it's a learning experience, and if one doesn't take some chances here and there, big gains might be missed in our early stages of adoption. I would say it's still very much early stage. Big changes are likely to come as the mainstream eye gains traction I think, and hopefully these will be the changes we like to see. One way or another things are not slowing down a single bit.

So, anyone who's not sure what an NFT is, I found the information on Wikipedia. So go ahead and check that out if you are not familiar with Non Fungible Tokens. (If you're interested to know.)

In layman's terms, the way I understand NFT's, they are basically a token with a "unique identifier", which of course makes them one of a kind and identifiable on the blockchain. (someone correct me if I'm wrong and not understanding correctly) These tokens can have artwork added. (which I'm pretty sure are stored on servers and not blockchains) Without the artwork in many cases, I'm not sure they would really have much utility, and I expect some projects will flop, and there will be a bunch of NFT's around that are just useless tokens.

I've found all kinds of projects going on. From literal artwork, to little pixelated punks, there is just all kinds of NFT's.

So what kind of NFT's has futuremind been dabbling in..? lol

I crafted some unique marbles


afe54bf2601b48c3ae77055f91443d311257.png

I named this marble "MeekMonster" and currently have it up for sale on opensea. It's way overpriced and I really don't expect even any offers on it, but you know.. I really like that marble and think that monster could use a hug.

I crafted a marble card with one of my favorite Jimi Hendrix songs Purple Haze. I did have it up for sale, but decided this is just too cool and I should keep it. The right price and I would probably part with it. It's an interesting project, where you can create cards from approved websites "links", once you NFT the link, it cannot be added to another, and this links to soundcloud. So I feel like I own some digital rights or something :P


image.png

I got some bomb weed and feel like I might have screwed up with that one.. I went a little overboard and blew a ton of Eth, but at least I have the assets in the event that it blows up. I definitely have some weed for sale on opensea.


image.png
Some epic knock your socks off Chernobyl.

I have some cryptodozer NFT's that I won't even show because I am very upset about some of the game functions and feel it's designed to make you spend more and more crypto. I really wouldn't recommend it, but that's just me, play at your own risk, and be prepared to spend some serious Eth if you do..

One project that I find very cool for novelty purposes is ethwords.

I can't believe no one has thought of this word yet. not really a word actually an acronym


image.png

That's right, I own the acronym POWH (Proof of Weak Hands) a pyramid game popularized across multiple blockchain networks.

I have it listed at a very high price but honestly I would probably take a pretty cheap offer lol. Bitcoin has a 1 Eth offer currently, so some people are willing to pay some serious Eth for these. I figured, why not just list it high and see if I get a nice offer? You never know!

One of the downsides I see is a potential for an over saturation. I really do think that we will continue to see more and more and more NFT's and only the one's that have some really good utility and entertainment value will likely make it past these early days.

So that's it for now. I think these NFT projects are pretty interesting, and have some great potential for the future.


Thank you for stopping by. I hope you're all having a wonderful day!



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Lots of good information, my crypto profile is 99% STEEM and Steem releated tokens. I did have some XRP at one point but I sold it to get envolved in the Splinterlands Kickstarter. I plan on getting some more XRP at some point.

I do have a little TRX (very little) that I plan on playing with to see if I can grow via trading on the Tron market. ETH is a crypto I plan on getting some of so I can participate on OpenSea.

I think diversifying isn't a bad idea. I'm not sure what my percentages are, but probably 90% Steem or more. The curation system is pretty addictive in many ways and very reliable for growth. The only downside that I see is an "all eggs in one basket" perspective. If Steem tanks to nothing, then equity is lost, no matter how much SP one has. I don't believe Steem will go much lower than it is now though. Nothing to back up that claim, just my intuition based on the sound utility and non stop developments occurring with Steem.

Thank you for your thoughts @rentmoney, I wish you luck with your crypto endeavors, hopefully we'll look back years from now with a smile on our faces. We won't know if we don't try right.

Dear @futuremind

Any idea how many users are active on GU?

Being that there are no fees for transacting, I could see Steem becoming a favorite for crypto gaming in the future.

There are no fees for transactions ... that would suggest that transactions are free.

But that's a lie. We just aren't charged directly. Cost is very well hidden in inflation. All nodes and entire streem infracture to function require funds. Real funds. Servers cost money - fiat currency.

And to cover all those costs - witnesses are being rewarded in STEEM. Am I wrong?

In layman's terms, the way I understand NFT's, they are basically a token with a "unique identifier"
That's also how I understand that and Im wondering how useful this feature will be. Part of me thought that even every bitcoin has unique ID. I guess Im wrong here.

Thanks again for solid read,
Yours, Piotr

Greetings Piotr,

Thank you for your thoughts.

Any idea how many users are active on GU?

I don't know if this is accurate, but this is what dappradar reflects for active users.
image.png

But that's a lie. We just aren't charged directly. Cost is very well hidden in inflation. All nodes and entire streem infracture to function require funds. Real funds. Servers cost money - fiat currency.
And to cover all those costs - witnesses are being rewarded in STEEM. Am I wrong?

My goodness Piotr, I hope you aren't calling me a liar.. In terms of user end costs, there are none for transactions no? (unless RC's are to be considered a cost, for a low stake, it's quite a cost) Of course you are correct about there still being a cost for nodes, but I'm not sure it's relevant for someone who's just playing a game on the Steem blockchain. Relevant for a post on Steem economics? Likely yes.

Part of me thought that even every bitcoin has unique ID. I guess Im wrong here.

I don't think you're wrong. It's a different kind of identifier. Every bitcoin should have its identifier for block creation and transaction history, but an NFT is a different kind of identifier, in which the tokens are not the same. A bitcoin is a bitcoin, but cryptokitties has different characteristics to the identifier. (It's very possible I'm not correct about this, it's just my non-technical interpretation based on my research. I'm not a programmer, so the intricate details I do not know.)

Thank you so much for your thought provoking comment.

Sincerely,
Jake

Hi, @futuremind!

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