Quote (S3th @ 12 Apr 2021 11:32)
Why do I or the majority care about verifying SOJs or EBOTD?
Well you might be fine with perming your duped runes after buying them most people are not willing to deal with that risk. Parents or spouses buying gifts definitely are not.
It would also be easier to justify spending $1k on a WoW mount if it was an NFT you could take to WoW2 and you knew blizzard wouldn't be able to make more willy nilly.
Quote (S3th @ 12 Apr 2021 11:32)
Why do I care that you have a $5,000 NFT of a painting that you display on your phone or otherwise?
Why does anyone care that the Louvre has the Mona Lisa when I can just print another one and frame it?
In uni I had a marketing class & we read this one book about going viral. the author describes "6 STEPPS" following characteristic features of the highest viral achievements: Social Currency, Triggers, Emotions, Public, Practical Value and Stories
Social currency:
Owning the first NFT published by Jack Dorsey, who in his life will host the publication of millions of NFTs, is mega clout. Holding the first DC licensed Batman, out of all the billions of NFTs they will release over hundreds of years, is genuine social currency.
Triggers:
This is how people relate to the subject matter. Veve has licenses with basically every brand that most westerners have some emotional attachment to. The DeLorean NFT triggers back to the future collectors and causes an emotional reaction from them.
Emotions:
See above
Public:
Veve has a working augmented reality for mobile which previously only snapchat filters had. AR fascinates people and the holders of this technology are excited to share with others.
Practical value:
These NFTs have all the practical value as bitcoin except they can skirt taxes cuz art. They're also valuable to collectors who might not be into crypto at all.
Stories:
Take a few pics with your NFT action figures and you'll be typing out fanfic to describe what you were trying to depict in the picture. Blockchain is a story of distrust of the government and banks
These brands have Stories associated with their products.
When Veve is doing Louis Vuitton purse NFTs, as receipt for buying a genuine physical one,, then you can rule this one out
Quote (S3th @ 12 Apr 2021 11:32)
Do you think these NFts have huge markets for liquidity?
. You can use viral moments from the AR experience to pump the underlying crypto asset and vice versa, so there's tons of yield farming opportunity just jumping back and forth from omi to gems to the nfts to usd to omi, even more if ur using a cash back credit card on both ends.
There's no fucking way the SEC can let this happen tbh
Quote (S3th @ 12 Apr 2021 11:32)
Do you think NFTs are going to be in demand during an economic correction?
I've sold all my short and mid term crypto for these NFTs and some of the omi tokens. I'm looking at a 5 year play. I expect to take profits on my 1st series batman when the batman movie comes out, otherwise I'm holding all these nfts for half a decade.
I honestly don't perceive any correction in the near future that will do anything to delegitimize digital assets.
Just think about what metallica sued napster for (~30b) and that's the market cap for NFTs. We're 1/4 of the way there and music NFTs have barely entered the scene.
This post was edited by MaliceMizer on Apr 12 2021 07:36pm