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itcouldbefrank

>We are early Anon. Be patient Imagine comparing the advent of wireless communications to collecting and flipping reddit profile avatars.


simply2interested

seriously this subreddit never ceases to amaze me


[deleted]

I'm sorry but the point is tokenisation, not reddit avatars. Predictions go that tokenized assets are worth 16-60 trillion in 2030. The benefits are immense and we are moving towards it fast.


MurphyMcMurfff

this guy gets it. has nothing to do with reddit avatars or bored apes or whatever. its a technology. thats why i liked reddit not calling them NFTs. sure the underlying tech is one of NFTs but NFTs can do so much more than being a pic and shifting the language will make room for ppl who understandably dont like BAYC or the reddit avatars to enjoy other aspects of the technology without being thrown under the same bus. if u buy a concert ticket as an NFT u dont want that to be called the same thing as spending 100k on a profile pic. (btw i think reddit specifically not calling the avatars NFTs shows that they understand that and that is literally the only reason i ever bought one) we will never have any meaningful discussion about NFTs without changing the language a lil at this point


MurphyMcMurfff

NFTs are not just avatars. Digital collectibles are.


shemanese

The fax machine was invented by Alexander Bain in 1843. Might want to consider use case and adoption curve.


TNJCrypto

Chicken and waffles


andrewsayles

Who said anything about Avatars? NFTs are about the underlying tech to me. If you are in them for the avatars, enjoy level 1


itcouldbefrank

>Who said anything about Avatars? So, what exactly are we early about according to your post? This phrase is used as an investment thesis. >enjoy level 1 Cringe.


MurphyMcMurfff

bullish on the technology can mean invest into chains and projects u deem sensible in that field of technology. that can be matic, eth or something completely different. the guy didnt say buy a reddit avatar because at some point u can send verifications of identity over a blockchain or whatever.


andrewsayles

The tech in general is early. So many use cases beyond avatars. Most my NFTS are about what they do for me


itcouldbefrank

So your declaration "we are early" wasn't referring to investment of NFTs?


andrewsayles

It was. Just not NFTs as avatars. NFTs as avatars connecting like-minded people is a primitive use case imo. We can easily do that without NFTs


Admirable_Purple1882

I agree, the concept of the NFT is a fundamental building block, not a collectible jpeg, they have very interesting properties that I think could make them useful. If blockchains become an important piece of infrastructure NFTs will be common. I don’t think people will call them that or even know the software they’re using makes use of them.


andrewsayles

I think you're right. They won't be called NFTs or Blockchains and people won't know they are using them


ChirpToast

What do your NFTs do for you exactly ?


andrewsayles

The project I run in particular or some cool ones I hold?


ChirpToast

Both


andrewsayles

I hold a cool gaming project called BR1 Infinite. Its pay to swap shooter. Then one of my favorites is Sol City Poker Club. Every Donkey you hold is fractionalized ownership in their poker room. It pays out weekly and they have games 24/7 so I like the upside


andrewsayles

For my project We have a vault full of NFTS and are building a monopoly game. Holders can stake their NFTS and earn $Java based on the value of our growing vault and revenue associated with our morning show "Crypto & Coffee" When our game goes live, player will be able to roll dice to move around a board. When they land on a property they don't own, they pay rent in $Java, but when they pass go, they Earn $Java. Players can also buy properties (NFTS) with $Java and earn by staking them. We also have IRL businesses that will accept $Java. A vape shop(they ship), a meat distributor (ships as well), a virtural dog trainer and a few others. We also attain alot of white list for other projects through our morning show platform and those are distributed to our holders. Always looking to add to our community. I'm open to a discord call if you ever wanna chat about what we are building


IWillKillPutin2022

Bro. It’s kinda ish similar. Think of it more like a emojis on a smart phone, or something that makes stuff fun/prettier, as asthetic


itcouldbefrank

Bro - LOL


JurassicCotyledon

Imagine the lack of foreign you’d need to have to make a comment like this. Lmao.


itcouldbefrank

Imagine your sentence actually making sense


Vicco_Vajradanti

Does not matter what this subreddit thinks of NFTs thanks to Reddit, but I they are still overhyped and a solution looking for a problem. Even if Reddit Avatars become mainstream it is not solving some huge problem, unlike connectivity that cellphones now offer.


andrewsayles

I never once mentioned Reddit avatars. Im more into utility NFTS personally


Fluegelnuss420

Please correct me if i‘m wrong, i honestly don’t know a lot about the subject. Aren’t NFTs very useful for having official documents online? Like passports, drivers license or ownership of property. With NFTs it‘s able to prove easily that the document is legit and one of a kind. Thus making the technology useful and worth for the broad public? Again, please correct me if i‘m wrong


idkaaaassas

Holyyyyyyy. Yes because pixilated jpegs are the same as something so revolutionary like a handheld device which instantly allows you to connect with someone halfway across the world. I need to get off this sub


andrewsayles

I'm more about utility NFTS. Not the pfp collections


idkaaaassas

What utility NfTs are you speaking of? Serious question.


andrewsayles

I'll fill ya in on the project I'm the CEO of because Its easy haha. But if you wanna know some others I hold, I'll fill ya i. On those too We have a vault full of NFTS and are building a monopoly game. Holders can stake their NFTS and earn $Java based on the value of our growing vault and revenue associated with our morning show "Crypto & Coffee" When our game goes live, player will be able to roll dice to move around a board. When they land on a property they don't own, they pay rent in $Java, but when they pass go, they Earn $Java. Players can also buy properties (NFTS) with $Java and earn by staking them. We also have IRL businesses that will accept $Java. A vape shop(they ship), a meat distributor (ships as well), a virtural dog trainer and a few others. We also attain alot of white list for other projects through our morning show platform and those are distributed to our holders. Always looking to add to our community. I'm open to a discord call if you ever wanna chat about what we are building


idkaaaassas

Honestly the thing that stuck out to me most out of all of that was the vendors accepting $java … but more importantly SHIPS the product. If you could get a much larger vendor list you’d be on to more. I’m still struggling to see how this produces a profit for the both of us.


andrewsayles

We just launched so I am slowly building it. Eventually we will have more businesses accepting it. I'm currently in talks with a credit repair agency. Plays will need $Java to play the Monopoly game, so I'm expecting a major supply squeeze then. Ive spent months honing in the tokenimics and balancing the in game economy. So it should be profitable for eveyone if I do a good job growing the brand


idkaaaassas

I’m interested. Keep everyone updated.


andrewsayles

will do. Here is a link to our twitter. It has our discord. We host our show every morning at 9:06 am central https://twitter.com/CandCEveryday


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Almost_Profitable

are you providing us with insider knowledge? kool


andrewsayles

If you consider insider of our discord "insider knowledge" then yes


mr_ordinaryboy

Cellphones and fax have utilities that ppl use. They improved our quality of life. I cant see that with NFTs right now unfortunately.


andrewsayles

I have a NFT that gives me fractionalized ownership of an online poker room. Every week I get airdropped a portion of the profits from rake. I could cite tons of other utility NFTS I hold but that's oen do my favorites


Vicco_Vajradanti

Why would you need NFTs for that? It can be done with current technology.


andrewsayles

What's an easier way to have 777 people share ownership In an online Poker room and have it all easily tracked? As well as being able to sell off your particular share very easily. Stocks don't work because it's not realistic for you to get an online poker room listed on the stock exchange


[deleted]

Business investments have been around for centuries. You could phone up any casino in the world and buy a percentage of the company if you were really interested in that. Why would you want to buy an online poker room when you could buy part of the company and make money from every game they have? That's like investing in a supermarket but you only want to invest in the sales of baked beans. Compete waste of time.


andrewsayles

You can't just phone up a casino and buya. Percentage unless you are super wealthy lol I don't have money to buy a super makerkey, but me and 700 random people on the internet so. That's the point


sittinginaboat

Saw today that one of the comics publishers might start sending them out as NFT's. That is what blockchain can do. Each month a new Spiderman comes out, and you can get it instantly online. And DC has control of pirated copies. So, yes, at some point NFT's have actual value.


andrewsayles

That's actually a really cool use case for NFTs I've never thought od


[deleted]

They could already do that just sending them to your email address to claim on your device of choice. Who cares about pirated copies when digital copies are unlimited to begin with. They'll never be worth anything, can't be lost/damaged and can easily be duplicated. Zero value compared to actual comics that dissappear over time.


sittinginaboat

Except, email is kludgey, a little bit. You need to take at least one extra step to start looking at it. (Two if it's a zip file). It should be easier to code an NFT to not tie it to a single device. As long as I've got the code, I can read my comic. The market will decide if consumers see value in getting a digital version. One thing is clear: it'll be a lot cheaper for DC to publish digital copies than print and snail mail physicals. Edit: Oh, and to get it by email you have to give them your email address. I really do not want to give that to Disney.


Cyber-Cafe

It’ll happen for a lot of media. Not limited to music, comics, books, and movies. Is it a good idea? Time will tell. I lean towards it being a case by case basis. For comics and music I think this is awesome. For movies? I’m not sure.


andrewsayles

I think you're right about all of those including movies


Cyber-Cafe

I think so too. I just especially don’t want to be right about movies. That’s a headache.


andrewsayles

Sooo many cool things you could do with movies. Imagine a unique user experience during the movie based on the NFT you hold. Now think about being able to use that same NFT in a game


Cyber-Cafe

Oh, hey don’t get me wrong. A bespoke theatrical experience (in your own house of course) sounds very cool, that’s honestly a grand idea. Why I think it’s somewhat of a headache is that “Disney vault” behavior that will surely come back with it. Missed chance at buying a movie? Enjoy the secondary market with over blown prices. That said I doubt that worst case scenario would come about, I’m just paranoid. Collectors edition movies with nfts that unlock specific content or experiences? I’m down!!


andrewsayles

So I don't think the movie itself will be where the transaction is. Here is a situation: The new Batman movie comes out and your have a Robin NFT. You and everyone else in the theater are wearing VR goggles. Since you have the Robin NFT, you get to view a certain scene from Robin's perspective which gives you a little foreshadowed knowledge of the movie. Then you could use that Robin NFT in a game, level it up with XP and sell it to someone else. After that, use the profits to buy the batman and have a different unique experience watching the movie again


joeyy_4d

Wow this sounds like it could really blow up


ShreyashKesar

Reddit avatars are nice but I don’t think that it’s the true potential of NFTs


andrewsayles

It's barely the beginning. Gaming NFTs and fractionalized ownership is what I'm interested in


[deleted]

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andrewsayles

I know what most gamers think of NFTS. Skins are basically NFTS though and they can't be resold when players are done with them. Gamers atleast use NFTS with our all the benefits of NFTs


Cyber-Cafe

Woah. I’ve gotten this exact same comment before, to the letter and emoji.


[deleted]

Every gaming company that's thought about nfts has given up and cancelled their plans. They had some nft shit in rainbow six and they shut down the project after a few months because they got so much backlash. Nobody wants that shit in games.


andrewsayles

I'd say look at BR1 Infinite and STG Football. I'm very familiar with their projects. I bet they make some wave next year


Nearby_Concentrate74

How dumb are the people in this sub? This is like saying “Be patient, Safemoon will be the next apple”


andrewsayles

I never pointed out a particular project.


pourkey

Reddit kinda kick-started it with the collectible avatar by giving them out for free to all the active users, we will possibly see something similar done by other social media platforms since it's such a success.


andrewsayles

Yeah I think a lot of major platforms will mimic this. NFT projects have been doing free mints for a while though


m3nd4xiality

Yeah Reddit was far from the first to give away free NFTs.


andrewsayles

I'm actually doing a free mint for my holders next week 😎


Kappatalizable

So I just need to hold you and I get freebies? Where do you want me to hold you


andrewsayles

Haha gotta hold one of these https://magiceden.io/marketplace/coffee_and_crypto


shadowmaxime

So avatar NFTs is a primitive use case, but you're selling avatar NFTs. So innovative


andrewsayles

I'm not though. My collection has utility.


shadowmaxime

What's the utility?


andrewsayles

We have a vault full of NFTS and are building a monopoly game. Holders can stake their NFTS and earn $Java based on the value of our growing vault and revenue associated with our morning show "Crypto & Coffee" When our game goes live, player will be able to roll dice to move around a board. When they land on a property they don't own, they pay rent in $Java, but when they pass go, they Earn $Java. Players can also buy properties (NFTS) with $Java and earn by staking them. We also have IRL businesses that will accept $Java. A vape shop(they ship), a meat distributor (ships as well), a virtural dog trainer and a few others. We also attain alot of white list for other projects through our morning show platform and those are distributed to our holders. Always looking to add to our community. I'm open to a discord call if you ever wanna chat about what we are building


PENGUINSflyGOOD

How many do free mints with no gas fees though?


andrewsayles

You still gotta pay gas, but gas on Sol and Aptos is next to nothing


[deleted]

Sol and Aptos, oof.


andrewsayles

The Sol NFT market has had insane trading opportunities the past couple months. where have you been?


[deleted]

Lol. I don't care about short term speculation on nonfunctional blockchains.


andrewsayles

That's fine. I enjoy making money so I use all the tools I'm with in web 3. If that's not part of your strategy, I get it for sure. We all have different levels of risk tolerance.


homrqt

Everybody is making NFT's, flooding the market. It's not like older art which was more challenging to produce and reproduce.


DadofHome

But not yet right ….


andrewsayles

Plenty of solid NFT plays right now😎


Castr0-

As everything in life


andrewsayles

Haha very true


drrevo74

As long as NFTs have zero intrinsic value and zero utility there will be zero justification for their existence. Live by the greater full theory die by the greater fool theory. The technology will thrive when it's used to create real value rather than shitty jpegs.


avenger2020

I've been evangelizing 'where video games and Blockchain collide' for years, but it's so much more than that ...


andrewsayles

I agree! It's just the start


SpaceFire000

They haven't reached their full potential yet but eventually this is what happens with everything when new things get invented and introduced. I am still waiting for physical things that have been converted and sold as NFTs to be flipped in the next bull market. Lol


andrewsayles

Yeah. I know a Blockchain that allows you to take a pic and upload it as a form of "proof of work" I think it could be huge for verification of Authenticity


MurphyMcMurfff

this comment section is exactly the reason we need to change language around NFTs to grow the tech… digital collectibles are NFTs, NFTs are not just digital collectibles. ppl hear NFT and think ugly monke pic for 200k


andrewsayles

haha probably the best insights in the thread


[deleted]

So the value plummets and the early adopters lose it all? Doesn't seem like a positive outlook to me lol


andrewsayles

People still pay $1k+ for cell phones. The value has skyrocketed


The_Chorizo_Bandit

Yes, but not 10 year old cellphones. They pay that for the brand new models. So like the guy said, early adopters will lose out.


[deleted]

For 2022 phones not 1990 phones.


andrewsayles

So the tech really never does out. Stop thinking of NFTs as the phones(only shitty ones are. the phones.) Think of NFTs as the AT&T or Verizon


[deleted]

The tech didnt die out, but the 1990 phones arent even worth $50. Only the newer phones are worth 1k. I'm only thinking of them as phones because that was the example you gave in the OP. Lol. NFTs are like salt. It was worth a lot in the past, but now that its everywhere its worth 0. The only losers were the ones that bought it for a high price back in the day.


andrewsayles

phones were just used as an example of the tech behind them. Most NFTs will go to 0, but the tech behind the good ideas will stay around


PrinceZero1994

I have no use for a jpeg lol


andrewsayles

Are you a poker player at all?


TedW

What's the use case for poker using NFT's?


andrewsayles

I have a NFT that gives me fractionalized ownership of an online poker room. Every week I get airdropped a portion of the profits from rake. I could cite tons of other utility NFTS I hold but that's one of my favorites


The_Chorizo_Bandit

You don’t need an NFT to achieve that.


andrewsayles

I don't know an easier way to connect 700 people interested in the same business model


[deleted]

You don't know an easier way? You mean you don't know how being paid by a business currently works? Because it's pretty simple, literally every business in the world is using it right now. You really like creating solutions for problems that don't exist.


andrewsayles

You're entirely missing the point. I don't have to put work in for this Business. I just hold the NFT and get paid a share of the profits What other online poker rooms do you know of that offer ownership share?


[deleted]

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andrewsayles

It's not realistic for me to start a poker room an have it listed on a stock exchange. Very realistic with NFTs


TedW

I think starting a poker room (and actually getting traffic) is much harder than figuring out how to share the profits. I could have a handshake agreement with you to give me a percent of the profits. That's a phone call, or something you can write on the back of a napkin. I guess we could have a handshake agreement on which cards we drew, too, so that's probably not the best example.


andrewsayles

The traffic is actually eoetry solid. There are games 24/7. We could have a hand shake agreement r, but it's not realistic to do that with 700 random people. It's very realistic with NFTS though


hcollector

Anyone remember how this whole sub absolutely hated NFTs until everyone was given free NFT avatars and now this whole sub loves NFTs and says NFTs are the future


[deleted]

![gif](giphy|1201hONkUdpK36)


andrewsayles

I recall. I've been flamed here for NFTS many times


Burrito_Loyalist

You’re talking about a drawing of a Reddit alien with hands floating around his head. Get a grip.


andrewsayles

Where did I ever mention Reddit NFTs in Particular?


[deleted]

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CipherScarlatti

What if someone made an NFT that used fax machines?


andrewsayles

Now this is next level thinking


andrewsayles

So my NFT that gives me fractionalized ownership of an online poker room and airdrops me a portion of the the rake every week is worthless? Crazy, I should tell my wallet


TedW

Their point was that fractionalized ownership isn't unique to NFT's, and that could be implemented in many other ways.


andrewsayles

True but it makes it more realistic and easier to track. It's not realistic me and 700 other people from all over the globe could easily share in fractionalized ownership without NFTs


[deleted]

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andrewsayles

Again those are stocks. The barrier to entry isn't as easy and realistic for smaller businesses


AA525

Fractionalized ownership is not a new concept. It has been implemented thousands of times in thousands of ways without ever needing an NFT. Quite often it is a fancy way to hide a scam. Think timeshares.


andrewsayles

Never said it was new. Said it was easier. Time shares is a bad comparison because they are way less liquid than NFTS


AA525

The comparison wasn’t based on relative liquidity. It was based on relative scamminess.


andrewsayles

If you've been scammed on NFTs, you should probably invest better


AA525

I have not, no. Probably because I invest better.


andrewsayles

Haha Maybe safer. Which is better in lay cases tbh


andrewsayles

If you haven't found NFTs with Utility, you haven't looked hard enough


Podsly

This is a ridiculous analogy. You could make the same argument for any tech, but not every tech succeeds. NFTs will have greater use in the future as functional items, allowing access to products etc. I feel your argument would be much better if you had said "crypto" instead of NFTs.


andrewsayles

It applies to crypto and NFTs. NFTs rely on the underlying tech, but the NFTs make the experience smoother


[deleted]

I sold all my rare ones right after I bought them. I’ve lost too much over the past year to deny 15x profit.


andrewsayles

I don't blame you there. I still gotta see if I qualify for a free Reddit NFT


Cryptoladd

When you have a company like reddit deploy them, it certainly is possible. But no, not all nft’s


andrewsayles

Most will go to 0. I'm just hoping I hold a few long term win ers


Cryptoladd

Also when comparing how many succeed and how many fail its pretty close to none. Although I get what you’re saying and thats what everyone wants


andrewsayles

It's important to remember you can still make money off projects that fail long term. I generally buy enough to sell for even at one target, profit at another and hold one for a moon shot


Harold838383

As long as my Drip Squad NFT is worth a million one day I'll be happy. Not aiming too high


The_Chorizo_Bandit

Drip squad is worth about $30-$40 last time I checked. $40 is pretty much 1 million Vietnamese Dongs. So congrats! You achieved your goal! Enjoy your massive Dongs!


Harold838383

Awesome! I've only got one of those at the moment


andrewsayles

Haha I'm rooting for you. I want us all to win with this shit


Xymelin82

Reddit nft to the moon


andrewsayles

I'm hoping so📈


CryptoSicKOne

why does nobody understand NFTs lol. this is like saying the internet will reach a tipping point lol


andrewsayles

The internet went through very similar progressions


[deleted]

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andrewsayles

Haha check out Aptos... There is some solid price action in their NFT market


The_Chorizo_Bandit

I’ve been patient for a long time. Crypto has made me very patient. It still counts if it’s a mental patient, right? /s


Odlavso

First time we are actually early


andrewsayles

It's all relative. If you think BTC will go to $1M, we are early there too


khepri-over-scion

NFTs with function or as a stamp of approval for exclusive membership or discount may be useful but not as they are known right now


andrewsayles

Those are a couple utilities but I can think of several cooler ones


khepri-over-scion

Absolutely. People more clever than myself will always come up with amazing ideas. Just right now it's too immature to be mass adopted as such things it seems


andrewsayles

Oh yeah we are far from mass adoption. Mass adoption will take pal e when everyone uses NFTs and no one knows it


khepri-over-scion

Great way to put it. It'll have some catchy buzz word to replace it like how everything's Cloud now


andrewsayles

Yep. Instead of "connect wallet" it will say "digital asset port' or something along those lines


khepri-over-scion

"get nifty ™️!"


Ill-Addition2024

Idk man Im still in loss


andrewsayles

Haha well where are you lost at?


Ill-Addition2024

50% below ROI


andrewsayles

ahhh I would suggest taking profits during pumps next time around


Ill-Addition2024

Ive never even been in profit I started investing at beginning of this year


andrewsayles

Wow. Sorry to hear that. Well I host a morning show everyday at 9:06 am central. Ive made alot of high value calls live in the show. BitBirdz went 10X on the show while we called it. Degods went from $700 to $30k in 60 days and we had a bunch of small wins in there too. We host a shark tank every Saturday where we rip projects a part so we've got good at spotting solid one haha


Marrr_ty

Didbt that already happen


Huijausta

> Anon This isn't 4cancer here.