Discover and read the best of Twitter Threads about #NFT

Most recents (24)

Verifiable, digital-only art is the trend of the moment.

AKA “crypto art” or “#NFTs” (non-fungible tokens), this work lives on the blockchain. Here's one of the better arguments for it.

A few critical thoughts...

one37pm.com/grind/money/th…
1) I'm all for artists having more ways to make money from their work & access more buyers who value it, in whatever form or medium.

2) There are two main perks crypto brings to the table: verifiability of ownership & elimination of middlemen, eliminating friction.

#NFT
3) The downsides of #NFT are linked to the purpose art historically serves: a) investment, b) status, c) decoration. (Order varies per collector)

The immediate problem is (c), which precipitates problems with (b). You need to print it out to show off in meatspace. In digital...
Read 6 tweets
Doing heavy research on #NFT recently, so I thought it might be a good idea to gather all the pieces that I personally find interesting in a single thread. This thread is a working piece dedicated to #NFT.
1: The Non-Fungible Token Bible: Everything you n eed to know about NFTs By @dfinzer opensea.io/blog/guides/no…
2: The Furry Lisa, CryptoArt, & The New Economy Of Digital Creativity by founder of @Behance, cpo @Adobe

scottbelsky.medium.com/the-furry-lisa…
Read 29 tweets
1/ $BONDLY bouncing back nicely after the dip

>Great marketing and mainstream exposure - 1st #NFT album in history!

>This coming Saturday is another @LoganPaul event which will increase exposure further

>Some @nansen_ai analytics below to get you feeling even more confident...
2/ Here are the # of individual addresses holding $BONDLY. Look at this beauty...
3/ Now a spot of $BONDLY whale watching...excluding project reserves, team wallets, staking pools etc)..

25 out of the 30 top $BONDLY balances have either been buying (13) or hodling (12) over the past 7 days...
Read 4 tweets
1/ i've now completed initial collections in #NFT projects i think will be remembered as truly "historic," including:

CryptoPunks
Autoglyphs
ArtBlocks
EulerBeats
Uniswap $SOCKS

also Squiggly, HashMasks, and Colorglyphs

now is a good time to revisit some theses (thread) 👇
2/ first, i did a similar thread a week ago, but have since refined my views

it might be worthwhile to go back read that first:
3/ second, and i can't stress this enough:

DO NOT FOMO INTO NFTS WITH MONEY YOU CANNOT AFFORD TO LOSE

buy to collect for the long-term. imo, some of these will become priceless pieces of history, and most of you will sell them way too early b/c you're overextended
Read 30 tweets
1/n

In just very few days, we'll say hello to the latest #cardano family member, Mary. 👧

🤔 Still unsure what she's all about? Here's tweet based on @block_writer's take on this historic #ada event. 🚀

ℹ️ forum.cardano.org/t/the-impact-o…

#crypto $ada #wearegoingfornumber1

🧵Thread👇 Image
2/n

💡 Once Mary is deployed, it will be the 1st time that users will be able to define their own CUSTOM tokens through the multi-asset ledger, adding a new layer of functionality & utility to the #Cardano blockchain.
3/n

Part of wider rollout of Goguen:

1⃣Allegra - token locking 🔒 (Dec'20)
2⃣Mary - user defined native assets 🪙 (Feb'21)
3⃣Alonzo - smart contracts 📝 (Q2'21)

Named after Mary Shelley, upgrade will be facilitated via Hard Fork Combinator (HFC) as a seamless transition.
Read 24 tweets
@quidd is the largest digital collectible marketplace with 7 million collectors holdings assets in over 325 world famous brands including #Marvel , #rickAndMorty and #Naruto and today has unlocked real monetary value and #playtoearn to all its users! market.onquidd.com
Quidd was visionary in that @mbram and the team believed that digital collectibles would be the future of collecting 6 years ago and is how it amassed this incredible collection of 325 brands. techcrunch.com/2017/03/09/qui…
.@nbatopshot took the market by storm and proved that digital collectibles has incredible potential once real value is delivered and we are proud to be early supporters and investors @rohamg @Mik_Naayem espn.com.au/nba/insider/st… #NFTs
Read 8 tweets
1/ i've been thinking about what would happen in a #NFT art & collectibles bear market 🖼🧸🐻

first, one point: a NFT is only (financially) worth what someone else will pay for it

period- end of discussion

if no one wants to buy your NFT in a year, it is worth ZERO
2/ let's also acknowledge that there is a TON of content being created right now

frankly, a lot of it is trite & derivative- but i respect the creative expression nonetheless in some cases

much of it is not that attractive, original, or has any kind of interesting provenance
3/ many such pieces will not retain ANY monetary value

some collections will be sold into the ground with supply hitting marketplaces that no one wants to buy in a bear

for work that may remain meaningful in the long-run, buyers will step in, but possibly at very steep discount
Read 11 tweets
🚨 NEW PROJECT ALERT 🚨

Presenting @compstorylab Story Time today: "From Liminal to Latent Space: GANs as a Medium"

I'll be sharing my experiments with Generative Adversarial Networks in a new music video collaboration with @alexawoodward - album out 3/5!

Thread to follow 🧵
GAN stands for "Generative Adversarial Network". Two neural nets, a generator and a discriminator, work together.

By switching on or off nodes in the generator network, it’s possible to 'segment' the GAN to find out which node controls which aspect of the image (1/n)
The Fréchet Inception Distance (F.I.D) score measures the difference between two image datasets. Lower FID scores mean more similarity. As a GAN trains, the FID score (hopefully) decreases. en.wikipedia.org/wiki/Fr%C3%A9c… (2/n)
Read 47 tweets
Big congrats to @nonfungibles on releasing their 2020 Annual Non-Fungible Tokens Report! @NathalieBcht, @latelier & I thoroughly enjoyed partnering with them on it: bit.ly/2ZkRiS8.
Some key takeaways from the report & my personal observations a/t #NFTs. A long-ish 🧵👇:
MARKET SIZE: The NFT market had a historic 2020 - tripled in value, reaching $250m (in terms of value of all #Ethereum transactions on chain, so actual market size is even bigger). This is rapid growth for a space that’s just a few years old.
Market is still volatile & prone to speculation but more sophisticated use cases are emerging based on utility, community, competitive elements. All are prerequisites for a more mature market. For all the hype around crypto, it is #NFTs that offer some of the more promising uses.
Read 23 tweets
Stoked to announce @tryShowtime pre-seed round led by @dragonfly_cap w/@robotventures @Bo11inger & angels incl. @Melt_Dem @balajis @minal_hasan @parisrouz @AndrewSteinwold!

On Showtime, creators make money from *their* content. #NFT

Thread + we're hiring tryshowtime.com
The NFT space is exploding in awareness during this bull market, mostly centered around digital art from famous figures.

It’s a nice start, but we’re missing one key component: a social experience.
NFT are more than “collectibles”: they’re the future of internet content— one that belongs to creators, not platforms.

Showtime starts by letting collectors discover and showcase digital art, collectibles, and others.
Read 7 tweets
We are still early in explaining to the world what #NFTs really mean. @SatoshiLite is conflating original creation with copy-paste, in the art world you can also print many copies of an original eg. litographic prints with almost zero cost as well.
Picasso can only create so many originals in his lifetime but his works have been reprinted millions of times. Nobody will argue that a print is worth the same or more than the original art but to preserve value he can set limits to his own production. christies.com/features/Picas…
Feel free to create many millions of copies of your Chikun, it may not be very valuable but very likely your very first one will be more valuable than any other copy thereafter. @MetaKovan who bought the first @F1DeltaTime car is a prime example of this. cointelegraph.com/news/why-i-spe…
Read 6 tweets
1/ I'm getting TONS of messages me asking me "Hey DC, what #NFTs should I buy?

The proper answer is ONLY ones that you enjoy and are willing to hold for years or possibly for forever.

But I will tell you some of the ones I have bought recently and why (MEGA-thread below)👇
2/ First, let's start with some caution: don't buy NFTs *expecting* financial return. You may be very disappointed.

Tastes can shift very quickly and decisively, and given market illiquidity, we could see price collapse under panic conditions.

I buy to collect & hold for years.
3/ Second, let's discuss the only blockchain I'll buy high-value #NFTs on- that's #Ethereum.

Why? The linked thread covers it, but to summarize, I can't afford to put big sums of money into chains cutoff from DeFi and which might not exist in 5-10 years.

Read 23 tweets
Very happy to announce that i will be working with @PolyientGames & @ApeInFinance to help grow the Polyient Games Ecosystem.

As some of you know, i've been going hard on #NFT's for a while and i stumbled upon Polyient a while ago. Image
Polyient Games is an investment firm focused on the non-fungible token (NFT) and blockchain gaming industries.

In addition to that, PG is also building the PG ecosystem. A collaborative platform that aims to bring together all participants in the NFT market. Image
I invested in PG's governance token $PGT, their NFT PGFK and more recently, i aped into some of the new @ApeInFinance items, which got me a great return so far. 🐒 Image
Read 6 tweets
I want to be extremely clear about it:

#crypto is in a raging bull market because of the Fed. It‘s not because #Defi or $DOGE all of a sudden have any real use. #Yieldfarming is the definition of a pyramid scheme. Just want to disillusion you

Some interesting crypto uses today:
#bitcoin is indeed becoming a highly volatile investment product that institutions are looking at due to the abundance of liquidity. It remains to be seen what is left when the Fed ends QE. Also, $BTC can act as money in unfree societies which is really cool...
...#ethereum, with all its scalability issues (if you think using a network with $150 per tx will become mainstream once the Fed stops printing buy the proverbial bridge), is showing how #crypto can replace clearing houses, how applications can run decentrally, how tokenizing...
Read 14 tweets
#NFT update. Someone bid $10k USD on my piece (thanks!). And some folks are still confused about what this is. The short answer: an experiment. (more below)
It works like an auction; the value is determined by the bidders. At the end, one person gets the NFT. Think of it like like owning a 1 of a kind item in a game, or like “owning” an instagram post. It’s a weird thing to own, yes, but:
(more)
Here’s the crazy thing. Even if I upload the full version of the contained song to DSPs worldwide (which I can still do), i would never get even close to $10k, after fees by DSPs, label, marketing, etc.
(more)
Read 6 tweets
When I see a big #NFT sale, (6-7 figs), this is what I look at to see if legit.

- Is the buyer/seller known?

- Is the buyer new?

- Has the project had big sales before?

- Is it a new project with a random big sale all of a sudden?

- Total users of the project,

1/ 👇
- Was the sell price determined by a bidding process?

- Does the wallet have history

- Is the project legit/new?

- Is it a fair price looking at sales history?

Projects/community are realising, the easiest way to keep a project relevant or make new project viral is big sales.
And like I said before a whale can easily throw down $500k or $1M to get eye balls.

There generally is no problem with anon-new buyers but the above when compounded usually means some fishy business going on.

Especially when too many anons
Read 4 tweets
The #NFT I posted will be (must be, by design) 1 of 1. What you own: the file (art?) I uploaded on the zora.co platform. I can’t upload that file again. You don’t own the “song” or “master” or “copyright,” but you own the file. For example,
(1/4)
if I write an original lyric on a piece of paper, I own that lyric. If you buy that piece of paper, you own that paper. And it is one-of-a-kind. In this case, you get a certificate of authenticity via blockchain that you are the sole owner. (Experts, did i get it right?)
(2/4)
Creators who have been commodified by platforms forever.
Here, the value of your work/art/idea is defined by the market. This NFT started at $0. Apparently, people think this creation is worth a lot more.
(3/4)
Read 4 tweets
1/ 𝗗𝗲𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗪𝗶𝗹𝗹 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝗶𝘇𝗲 𝗩𝗶𝗱𝗲𝗼 𝗚𝗮𝗺𝗲𝘀

Popular streamers & gamers, grinding hours of content, already KNOW THE PROBLEM

THEY DON'T OWN THE ASSETS THEY EARN

THEY NEED A SOLUTION

Listen to this @asmongold rant - part 1 NSFW
2/ Asmongold targets "licensed store mounts."

Gamers spend hours grinding for items they ultimately do not own. Their account could be deleted on a whim.

Companies exploit this by offering instant gratification - "just spend $25 right now & you can 'license' this mount."
"You don't own a god damn thing."

Blizzard sells mounts in their online shop for $25 each. It's a cash grab. Players have no ownership of this asset. world of warcraft store mounts
Read 8 tweets
A thread on my first-ever collectible and tradable digital art on @rarible via #NFTs

📕 Storytime 👇

1/ I casually dove into the deep end ten days ago when I opened @clubhouse, and I happen unto a room talking about @rarible and #NFTs and this and that. Image
2/ @vainpsn, the room’s moderator, was blowing my mind; why’d this sound so familiar?

One thousand one hundred forty-two days ago, @oscarmanxz pointed me straight into my first purchase of a @CryptoKittie, in fact, two kitties.
3/ CryptoKitties proved that anyone could collect digital art and immutably verify it as an original — via a ‘smart contract’ on the @Etherum blockchain. Owning a CryptoKittie was the first time I ever owned a verified digital collectible.

Why does this matter?
Read 18 tweets
@Cointelegraph 1/18
Tezos has been laying the foundation to become a thriving smartcontract platform since launch. While battle proving its fully decentralized PoS, multiple smartcontract languages have been deployed and several tooling services have added Tezos besides ETH. The stage is set.
@Cointelegraph 2/18
Why would you move over to #Tezos? Because it's fast, reliable, and cheap. On average 3,000 times cheaper than #Ethereum and 40 times cheaper than Cardano.
#Tezos $XTZ @tezos #DeFi #ETH
publish0x.com/publish0x-post…
@Cointelegraph @tezos 3/18
DeFi components on #Tezos:
We have @Dexterexchange live for a while and its use shows healthy growth.
#Tezos $XTZ @tezos #DeFi #ETH
Read 18 tweets
With alts starting to POP, here is my top 11 #NFT related #cryptocurrency picks.

Mix of mid-low caps,

Hodling for most of 2021,

YouTube Vid + Thread 👇


1/
PS,

This is based on price appreciation, taking into account, network effect, social presence/channels, community, exchange visibility, etc.

Don't get upset if I didn't mention your project, this space is moving too fast to keep up.

(In no particular order).
. $MANA - @decentraland

OG projects have had the time to build and be ready to showcase in 2021.

- socially shareable,
- community is growing,
- HQ's of large companies like Kraken, Binance, Matic, etc dropping,

Maybe a virtual silicon valley?

MC: $178M Price: $0.13
Read 14 tweets
We started investing in #NFT's in 2018 with the strong belief that gaming will drive blockchain mass adoption create a new digital economy some of our thinking in tweet style below $REVV $SAND #animoca @animocabrands @TheSandboxGame share/comment if you like this format for more
Quick reminder of the "traditional" gaming industry with 2.6 (some say 2.7) billion gamers in the world today that last year spent over over 150 billion dollars
that is more than film and music combined
Read 11 tweets
SuperRare has the best NFT curation.

Artists save their best work for the platform, and each piece is minted exclusively as a 1/1 creation - meaning there will never be another in existence.

Being a SuperRare collector is a badge I wear proudly.
Crypto art is intangible.

Value is subjective, but ownership is not.

What I paid for the piece is by no means what someone else would, but it is what Frederic and I deem a fair market value.

I now own it, and @fvckrender endorses that relationship.
Read 10 tweets
12 Pivotal Moments that took the #NFT Industry exponential.

Not just money - we're talking Industry Progress & WTF Moments.

1/ Thread 👇
2/ #Decentraland goes public - Feb 20th

First impressions were, empty, lonely, buggy, crashes, not much to do, etc.

Now there's HQ's, Top DJ Events, 100+ Galleries and
December so far had over 5k weekly visitors.

I wrote a post-launch article,
dclblogger.com/decentraland-l…
3/ $WHALE Launches May 3rd - A social currency backed by $2M+ of #NFT assets by @WhaleShark_Pro & @whale_community.

People across all NFT projects & platforms were incentivized to work together.

A top social currency by market cap, volume AND community.

Read 18 tweets

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