Bitcoin and other scams

To be fair there are some absolutely amazing artists and artworks in the NFT marketplace. Most of them being overlooked by those rinsing their cash for pixel rocks and monkey drawings.
I do think though if you are an artist, especially a graphic artist and you already sell your work to people then offering it as a NFT is a no brainer if you want a bit of crypto without putting money into.

Plus blockchain gaming is taking off, with playable NFT characters and loot starting to be worth silly money. No way EA isn't looking into making this normal.
I picked up a character that went up by 20-30% overnight. Can only see it sky rocketing once the game comes out of early access and is fully released.

edit: EA are www.ledgerinsights.com/electronic-arts-recruits-for-blockchain-nfts-why-it-matters/

I think it's far more likely they're backed by Bitcoin and other crypto shit. (If they're backed at all)

Print 100 000 Tethers, buy bitcoin. Hey, backed by assests! USe said bitcoin to buy NFT! Hey, NFT worth 100 000.

Rise repeat. Sell to a sap. Don't get caught with the bag. 

HODL!

Pretty sure there's a crossover with NFTs and the Poo Diaries thread that we're failing to cash in on

Sir, this is a meme, not a Wendy's.

Doesn't it cost a huge amount in fees and commissions to set up?

PS/ Paypal just emailed me saying they're adding bitcoin functionality.

I can't speak for other platforms but on Opensea you have 2 choices, you can choose to sell via ETH which does cost gas fees for the first couple you list and then depending on how it's sold someone will have to pay gas on every sale.

But there is also the Polygon chain and this is totally free to use, and that is what I did. Cashing out on the other hand is a bit of a faff and you need gas fees so I wont bother just yet. It's fairly easy to set up.

Wish Paypal would add that for EU customers too.

New all time high this week for bitcoin most likely

Seeing as the crypto space runs on memes and the spare cash of nihilistic tech bros I predict Bitcoin reaches $69,420 then crashes hard

It depends on which blockchain you use but essentially when the NFT is minted(created and info sent on the blockchain) generally the seller pays the gas needed to mint it. Sometimes it's the buyer, again depending on which chain and method of buying.

The computer power will be coming from either miners of said chain who get a reward in the way of coins/tokens or it will be proof of stake which requires no mining but investors stake their coins or validate nodes to make the blockchain run. Not from the artist themselves.

Gas fee are really only an issue with ETH as ETH is a bit poo for that, hence their upcoming move to proof of stake. But Opensea have it set up where you only have to pay gas once or twice to list your work and then it is free to list after that. Gas is then paid depending on the type of sale like did you accept a bid lower than asking price? Then you pay, if the buyer paid asking or over they pay but it then comes out as a cut of the sale. I may be slightly off on that as fuck ETH and it's shitty gas feees.

Opensea also has polygon network minting, this is totally free for the buyer and seller and very easy entry point that anyone can do.
Other platforms use SOL or Tezos and the cost to mint on those is just a few cents.

Basically it's not really anything to be worried about unless you are minting on ETH as everything else is PoS(proof of stake, not the other meaning).

BS, Gaming is more wasteful. Among other things. But don't let that get in the way of a good hissy fit.

Damn New World and Flight Sim eco-terrorists.

And it's really on BTC and other asic script machines that are the big power consumers and since they aren't big players in the NFT space then what's the problem. GPU mining ETH is stopping soon which is still way less than asic mining and it'll all be proof of stake to create them.

Reality versus marketing.

NFTs current carbon footprint from blockchain is huge, add in production and storage and it's obscene.

There maybe a plan to move away from Etherium but none of those have been widely adopted or accepted.

Well not bitcoin exactly because it can't be staked, but yes if a coin/token is proof of stake which many are then you would assume the more you acquire the better off you'll be. Whales will make good use of it.

Yes


medium.com/braiins/so-you-think-bitcoin-mining-is-wasteful-f93cf849a2b9

And that's just btc which has very little say in the NFT space and power consumption hogging is not true of all cryptos.

If you'd compare the same article  to ETH consumption where much of the NFT space is then gaaming blows it out of the water.

We are well past being high and mighty over things we don't understand while we give everything else a free pass computers, tvs, AC, refrigerators, cars and all that other crap do far more damage than something that gets 70 odd percent of it's power from renewable resources.

It's all relative and unless your blocking ambos in the street then spare me.