One of Ngannou's NFT was sold at 50 ETH.

[FedorGOAT]

https://makersplace.com/nomadicfram...vXmcmBIRFaHc9N-R1Rqt4X0GFId-KRUgVmmbN4pKPs14U

They had 96 of these & each one of them were sold on avg 25 ETH I suppose.

I ETH right now is going on at approx $2000.

Don't know who will get the money though, Bosslogic (He created it) ,Ngannou or they will give it to some kind of charity.

 

[greenhawk]

Man this whole NFT stuff looks like a big money laundering op.

 

[Reign009]

What is this?

 

[tgo007]

What is this?

digitial art

 

[FedorGOAT]

Man this whole NFT stuff looks like a big money laundering op.

I can't criticize when I,myself, have sold 3 of my artworks at 1.5,1.2 & 1 ETH each. I got benefited myself.

 

[Londonjitsu]

Impressive.
I hold Ethereum. I'm really enjoying this bull market.
Made a load of money doing nothing but holding my crypto.

 

[greenhawk]

I can't criticize when I,myself, have sold 3 of my artworks at 1.5,1.2 & 1 ETH each. I got benefited myself.

So are people buying images just to sell them later on at higher price? Or are they really digital art collectors? (never thought this would be a thing)

 

[Deleted member 499399]

What is this?

Magic beans

 

[FedorGOAT]

So are people buying images just to sell them later on at higher price? Or are they really digital art collectors? (never thought this would be a thing)

It's both. Some are collecting to sell them later & some of them are collecting just for sake of collecting. One of the benefits is that I will get 10% of commission from each future resale of my artwork. Talk about earning without doing anything.

 

[Reign009]

Magic beans

Lol, kinda seems like it.

 

[Ratchet & Lank]

Man this whole NFT stuff looks like a big money laundering op.

That's because it is.

 

[tgo007]

Everyone thought bitcoin was dumb when it was first invented

 

[STRAWBOSS]

i still don't understand this. is there a primer that dumbasses like me can read about this?

 

[FedorGOAT]

i still don't understand this. is there a primer that dumbasses like me can read about this?

NFT is Non fungible Token that runs on Blockchain. Think about it a copyright system, You tokenize your old artworks, photographs, video, gif, meme , collectable etc & then no one could counterfeit it. It runs on Ethereum blockchain. Tokenizing one of your artworks is called Minting.

Now this Minting requires a small amount of gas fee or transaction fee. After minting them you can put them on auction or sell it on a fix price.

 

[spinup]

Don't know who will get the money though, Bosslogic (He created it) ,Ngannou or they will give it to some kind of charity.

It goes to Ngannou's foundation.

 

[TITS]

NFT is Non fungible Token that runs on Blockchain. Think about it a copyright system, You tokenize your old artworks, photographs, video, gif, meme , collectable etc & then no one could counterfeit it. It runs on Ethereum blockchain. Tokenizing one of your artworks is called Minting.

Now this Minting requires a small amount of gas fee or transaction fee. After minting them you can put them on auction or sell it on a fix price.

What?

 

[baiguishishenme]

So people are buying digital art that's only value comes from the knowledge that you're the genuine owner as opposed to someone who just copied a jpg?

 

[theTKDguy]

So people are buying digital art that's only value comes from the knowledge that you're the genuine owner as opposed to someone who just copied a jpg?

I don't get it either.

 

[chs140]

Everyone thought bitcoin was dumb when it was first invented

It is. It's unbelievably dumb to trust your money to pump and dump speculation.
I'm sure you thought game stop was a movement too

 

[tgo007]

I mean I could get a perfect replica of the Mona Lisa but it doesn't mean shit because it's not the original.

People pay millions for original art from Banksy. I could buy a copy from amazon of the same picture for $20.