2021 has accelerated the money is just a meme theory.

So is it just any jpg/gif file? Or do they actually consider what’s sold?
Is the $100 fee op paid a one time fee?

that’s a good thing

I wonder if ppl buy NFTs because unlike physical assets how would authorities or debt collectors seize it?

People just playing with money with these NFTs lol

bruh this the same tito with a trillion posts on ktt1?

That might be $100 u wont get back lol

Not currently, depends on kyc regulations around nft marketplaces

Its a hobby. And the purpose is to sell it if it increases in value.

Essentially, buying and selling NFTs is like trading stocks...except its value is given by the popularity of NFTs.

If/when NFTs lose their footing as part of pop culture (which I expect will happen sooner than later, due to the amount of energy consumed in minting and its effect on the world), all NFTs will drop harshly in value.

it can be any image file

It's a marketplace so Value is determined by the seller and buyer can choose to buy at that price (think of Facebook marketplace, craigslist)

It's just how some coins work they have transaction fees some low/higher than others

Not the KLive stats. Don’t want.

true there will be a massive crash but they'll rise again all this s*** moves in cycles

some may never recover sure but certain ones will get more valuable as the years go on

also the energy usage for minting is about to go way down to almost nothing in the next year, like 1/500000th the power

Based off the profile, I imagine he plans to become very popular on the internet so much so that an image of his social media profile at the very early stages of his career would be valuable in the future

why would someone buy a screenshot of your ktt profile i don't get it bro

This image is a screen cap + cropped, so I did it off my phone

if you don’t want to buy don’t buy it simple as that

Good s*** OP.

About to get some paint, a few tabs of acid & goto town on some canvases

So the NFT is not the image itself.

When you upload an NFT, there's a digital signature identifying the original uploader as well as the transaction log that records who buys and owns the NFT throughout its lifespan.

The "NFT" is the digital signature and transaction information. It is acts as a certificate of authenticity--essentially an autograph

Gonna make an NFT of my d***

So for me, while I'm an individual artist, I plan to relate my NFT work to my business, The Kennis Six. This way there's a consistent point of return for our digital products and NFT's. The future is always a guess, but I think there's gonna be varying levels of successes based on whether you're talking about individuals making NFT's, teams, or businesses.

NFT's don't have to be still images.

Like I said before:

So the NFT is not the image itself.

When you upload an NFT, there's a digital signature identifying the original uploader as well as the transaction log that records who buys and owns the NFT throughout its lifespan.

The "NFT" is the digital signature and transaction information. It is acts as a certificate of authenticity--essentially an autograph

So the NFT is the signature of authenticity. This can apply to video, gif, or presumably any digital work. I actually got into NFT cus one of my viewers on my stream let me know if I put a clip up for sale, he'd buy the NFT for $100.

Regarding sales of my NFT, I earn 2.5% on each sale I believe. I determined and chose the 15,000 limit and the price on my own. For me personally, I think this is an acceptable number and price for the long-term sale window I'm looking to have with this particular NFT.

Yea my s*** low nowadays. I hate it so much lol

I haven't yet created one, but this article walked me through the whole process:

kapwing.com/resources/how-to-create-and-sell-nft-crypto-art

It was very accessible and easy to understand, and I'm someone who didn't know much about crypto at all.

I get 10% of sales so like $5 I guess