NFTs go quietly into the night.
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...I didn't realise there was a separate "NFT Forum", so the Commons seemed the only logical place to post this. When I saw it was missing from there I thought it was removed entirely (however I never received the usual email mentioning so) so I Googled it the title to find it had been moved here.
That was my fault. I forgot to send it. Apologies.
We don't send emails for moving threads. We post to them because the OP will get an email advising of a new post and you would be directed to that new location and see the post where we said it was moved.
I consider NFTs just not relevant anymore, I just removed the NFT related info from my signature. I wonder what will replace it.
Sorry you are too late I spent my money on a NFT of London Bridge ... falling down. :-)
I know NFT or more specifically the whole blockchain era right now is the wild west but blockchain 2.0 or 3.0 will have variations that are regulated and monitored. I do not believe we will be returning to the before NFT time. That wonder has escaped Pandora's box, but there is still hope left. :-)
NFTs are not like AI, where they do something no other technology can. They don't provide an opportunity to do anything people can't, but want to. There are many industries that have produced products only a few people were interested in buying, and plenty of them just go away.
The whole sales pitch for blockchain is that it's not supposed to need or have regulatory oversight. The entire function of the "tech" behind it is to create a permanent public record, and the only reason a permanent public record is allegedly a good thing is that it doesn't require a central authority to control it. As soon as you have the oversight of a central authority, we already have systems in place that can do everything blockchain does, and for all the faults in those systems they don't require you to give your information or money to a demonstrably untrustworthy third party.
I agree we won't be returning to a time before NFTs... once someone invents something like that, it never goes away... Just look at Multi Level Marketing... there are still people buying into that "brilliant money making strategy" despite all the information about it that's easily available for anyone to read, research or inform themselves with... but despite that knowledge, it's still making a lot of people at the top of the triangular tetrahedron strategy, very wealthy.
Please excuse me for lumping NFTs in with Cryptocurrency, but since they are pretty much related by their blockchain bloodline, they're family.
The crypto community doesn't really want regulations and monitoring in general... but they do seem to want the benefit of recovery of stolen assets by the authorities, but the monitoring and regulations are not something they really "seem to want"...
Maybe it's just me, but it seems a little odd and similar to having disdain for supporting fire safety, responsible building codes, fire inspection and paying for fire insurance, for your business or home which is made out of very flammable materials, but the moment it catches on fire you expect the fire department to arrive, put out the fire, and to be compensated for your loss and then to be allowed to rebuild in exactly the same manner that caused the fire in first place and not submit to safety inspections to prevent it from happening again... yet that's the general game plan of crypto... there's an old saying about that which dates back to around 1834... something about "privatize the profits, something-something the losses"... but that's neither here nor there...
Once you get the regulations and monitoring, crypto is just like any other online banking/financial institution... well, except for the value roller coaster... it might be worth 10x more tomorrow or practically nothing the next day, which makes it less like currency and more like speculative investment, which is a often hard to tell from gambling... in fact it's significantly similar enough (speculative investing) that a good financial advisor will make sure you understand the difference and you aren't taking uninformed risks.
That value roller coaster is what makes cryptocurrency unlike normal currency... which as is often pointed out, also fluctuates in value, but not drastically... you don't have a ten dollar bill worth a hundred dollars one day and six two days later... that would make financial transactions too unstable and unpredictable... who wants to deal in a financial system where you risk going broke or suffering a considerable loss if you sell or buy on the wrong day... that sort of thing is all fun and whatnot when it's the form of a stock market, but when it comes to a currency and buying groceries or paying the rent that's not a great plan, which is why cryptocurrency as currency is not so great... and yes, there is the possibility of something being worth 10 or 100 times more, but then you have to be an all-in player, buying and selling wisely at the proper highs and lows, the fallacy of the idea of holding on dearly no matter what doesn't really help ordinary people who don't have the luxury of waiting for a perfect time to sell something, if that time ever comes... so that $1000 NFT of a Disinterested Bovine™* might seem like a great investment, but it's essentially like a stock... it could be worthless tomorrow (or it could could be more valuable too), but if you need to sell and it's value is down, you are screwed.
Of course if you are just buying it because you like it that's a different thing.
Thats a choice based outside of value... technically it's priceless to the buyer in that case.
The weird thing about the value roller coaster in comparison to the stock market though, is that with stocks you generally buy them with stable forms of currency... but with cryptocurrency you are buying stuff with something that is inherently unstable in value, so that makes even less sense than purchasing stocks... but using stocks and stable currencies as an example is technically a bad faith argument since neither are good comparisons for a lot of very obvious reasons, but since they are often used in pro-crypto arguments I'll defer to that... So if you buy anything of value using crypto, you could be overpaying in the blink of an eye... that NFT, that patio furniture or goat lubricant can be very, very cheap the next day do to the volatility of crypto... Which is why very few companies want to deal with that... well, high end ones do because they build a big soft cushion into the price and even the company selling the patio furniture or goat grease isn't just eating the potential losses, so you definitely aren't getting the best price in most cases.
But that's another story altogether... (people having completely forsaken value over convenience, perception and instant gratification).
Lots of things escaped Pandora's Box that faithful day... crypto and it's progeny was definitely one of those things and I'm not sure what the hope is placed in though... getting it back in the box, or it becoming something better in that it's more what it's advertised to be and not what it actually is, but I don't see it ever going back in the box or that other thing either.
But just like triangular tetrahedron strategies, it's definitely here to stay.
Disclaimer:
-Nothing written here is meant to reference anything of political sensitivity or religious matters, nor is it to be taken as anything more than an opinion based on observations and general reference materials.
-Disinterested Bovines is not a reference to any popular simians, bored or otherwise.
-Reading the above text may cause stomach cramps or diarrhea, if this occurs, stop reading immediately.
-Never take financial advice from a person in a gorilla costume.
-Risk is fundamental to the investment process, but doing so while naked, covered in gravy in a lion cage with hungry lions is unadvisable.
-The above written content is opinion based only, you should not construe any such information or other ramblings as legal, tax, investment, financial, or other advice. Nothing contained in the above statement constitutes a solicitation, recommendation, endorsement, or offer by a man in a gorilla costume or any third party service provider to buy or sell any securities, commodities, financial instruments or goat lubricants in this or in in any other jurisdiction in which such advice or opinions would be unlawful under the securities laws imagined or otherwise, of such jurisdiction or the jurisdiction of societies where financial recommendations are commonly conducted by individuals in gorilla costumes or pantomime animal ensembles.
DAZ still going hard
https://www.daz3d.com/game-of-thrones-build-your-realm
weird none of these ventures ever discussed in the forum
so many unanswered questions
Well, whenever I see them push this stuff again it definitely saves me money by killing the urge to buy anything. (I truly don't think this makes any difference to Daz, but it does suck for me.)
The "digital collectibles" framing is at least more responsible, as long as they're honest about what people are buying and aren't trying to recruit them to the great crypto cause.
..but but those are unique, and if you own them they will make you unique, no? Then we can all feel unique together, no?
so are my prompts in Stable Diffusion
Too many questions, not enough information.
I don't do communities - but there's no information about being a member. Why are the prices all over the place at the start, what are the 'boxes' and what 'contents' do they have; are they purely digital, or are there tangible assests as well.
I should also note I don't do 'premium' video, so all I know abot the series is what has appeared in the press.
I will say that there seems to be a number of major Daz artists involved in the project - that's a bit of a plus, as is the fact that the pricing seems to be in real currency and not science fiction 'money' made out of thin air and electricity.
But regardless of the answers - I'm not interested; as I said, I don't do communities; I also don't game, and I've enough cruft around the house that I'm trying to get rid of that I don't do 'collectables', tangible or digital.
The pricing is in a stablecoin that claims to* be backed 1:1 by US dollars. So you still need to buy into the crypto economy to participate.
*Every single one of these operations claims to be backed 1:1 by a more stable currency, hence the name, but it frequently turns out that they aren't. USDC in particular has been criticized for adopting naming and branding to lead people to assume they're fully regulated by the US government, and there's no actual proof that they're fully backed by USD (like most of these, they say it's backed by other assets in their legal fine print--in practice that usually means assets that are valued at a given amount of money). TL;DR never put money into crypto that you don't mind never seeing again, no matter how much an entity tries to look like a bank.
I missed that - which looks t be intentional on their part.
Right now, my impression is that there's 'crypto' and 'currency' - but there is NO 'crypto currency'. The functional requirements for a true crypto currency are stability - the value should not vary by more than a fraction of a percent over a period of months or years; rapid transaction processing - the percieved transaction time between plunking down said currency and getting the reciept and the goods from the vendor should be a minute or less; and a fixed transaction processing fee paid by the vendor and built into the price of the item being sold, as is the case with credit card transactions. And, of course, it has to be widely acceepted.
I'm not aware of any 'crypto currency' that fits those requirements.
Yep, that's basically it. It's just branding, or wishful thinking if you're feeling generous. I think it's one thing to call it that colloquially when the intention is to use it to buy and sell things, and a whole other thing when people are trying to claim it's a hedge against inflation/replacement for actual currency.
Reaction in the crypto world to the GoT NFT drop has been, uh, mixed.
Crypto Twitter Reacts to Official 'Game of Thrones' NFTs: 'Worst Thing I've Ever Seen' - Decrypt
Game of Thrones NFTs Sell Out Quickly, But Draw Criticism for ‘Poorly Drawn’ Characters – Bitcoin News
"comically poor avatar designs" Ouch!
Embarrassing.
It made some money, I guess. From the Bitcoin News article
"The GoT NFT collection has seen $506,673 in 24-hour sales volume, among 2,894 transactions and 991 buyers."
Just proves that Barnum was a good judge of human character.
someone didn't adjust rigging to figure shape
Mixed reaction continues to gain attention. The Street is a mainstream financial website.
Game of Thrones' NFTs Widely Lampooned on Social Media - The Street
Game of Thrones NFTs Sell Out Despite Ridicule - NFT News Today
It's worth mentioning that the boxes were originally sold sealed, before anyone had gotten a look at what they were buying.
I feel bad for the folks who worked on it. Yes, those hands never should have made it out of the gate, but it still all sounds pretty harsh to me. The people buying these things sight unseen... I don;t feel bad for them. They deserve what they get and it would be fine if the NFTs linked to a rick-roll video.
maybe DAZ are trying to emulate Midjourney hands, they had 4 fingers and a thumb though
that's how you know it's a 3D render not ai
Over the years I have heard numerous times "When something is made, sold and promoted as Collectible, usually it isn't"
If whatever was in those boxes, wasn't even realistic representation of something in the actual series, who were the ones paying ridicilous amounts of whatever for them and why?
I wasn't joking about ai doing a better job either
I whipped these up on Deep Dream Generator for free in a few minutes simply prompting
game of thrones inspired characters standing around a campfire trending on Artstation highly detailed photorealistic dynamic lighting 4K 3D high definition Unreal Engine
DAZ always had the edge as 3D renders using their models were anatomically more accurate
but those Collectables with those hands
regardless of how people feel about crypto, NFTs etc, they should be embarrased
The thing is, the harshest criticism is coming from people who live for NFTs and crypto, and spend all their time talking about NFT projects.
HAHAHAHAHAHAHAHA
Ohhhhh my goodness, my cup runneth over. Saw the article on Comicbook.com yesterday and I don't think I've laughed that hard at anything in a while. Whoever was in charge of QC for this trash was asleep at the wheel. When you've even got crypto cultists saying this is terrible, you done goofed.
Couldn't have happen to a nicer company and group of suckers.
(1) Nifty's on Twitter: "AVATAR ART Our partners at @daz3d are addressing some rendering errors for the remaining avatar art before we resume Hero Box opening. The avatars that have been revealed will remain as they are." / Twitter