NFTs - Discussion, Projects, Etc…

Looked at nft and can't see any link or contract between the nft, which is just a serial code called a token and the product. Just because I sell you a digital token which I claim is associated with said item what is to stop me from keeping the original, reselling it or changing one or more pixels. It's all looks to be a huge scam and linked into crypto currency which is not a currency but an elaborate pyramid scheme.

And cyrpto uses more power than several small countries as it is so intensive to mine and inefficient by design so horribly harmful environmentally.

Check this out.

https://youtu.be/YQ_xWvX1n9g

Immutable X and Gamestop partnering for NFT Marketplace. Loopring mentioned in the filing also, so first official confirmation they are working together. And Loopring CEO just stepped down at the same time as this announcement hmmm

Isn’t algo carbon positive as they invest in green energy. It’s still a red herring, look at the energy usage of other ‘useless’ consumers.

The most important things about NFT are a dedicated dev team, community and growing base of users.

The best NFTs to buy are the ogs or the blue chips which are unaffordable on eth.

I'm in MTV where literally NFTs were given away for free at mint on the first project and the floor was at 20k MTV a few days ago. People had 100s in their wallet. (Multiworms dot ac)

Now there is 30-40 projects launching on the chain and it will be difficult to choose but I'm in for more free mints tomorrow. Most now are getting expensive though.

Discord for me is the best area to find out about early projects. Telegram is just full of bots and scammers

Find another early L1 that has smart contracts just released and get into the early NFT projects

NFTs are just smart contracts so they are as good as the contract.

I picked up some sol parasites, these mutate daily based on the other nfts in your wallet, they have gone up in price now that you can stake them for a cut of Nftgenie.ai profits, it makes nfts based on what you type in using the same servers.

These can be a bit of work, looking into the project and team though. Also the more nfts you get early the more perks you get so you can get multiple free nfts from projects. Lots of scams in the space now though.

I minted some NFTs on Rarible, but have zero interest

None of them are ones to keep an eye on because NFT technology is, by its design, completely and totally pointless.

Anyone else notice that the price of nfts pumps when the dollar value of the crypto drops? They don’t seem to be a bad hedge. Though like shitcoins you just need one or two winners to make a profit.

Opensea is for rich eth heads. Literally waste of time going on there.

A wake-up call for scammers. Some serious charges.

People don't sell shares they don't have. That's not actually how shorting actually works in practice. When you short a share, you have to transfer the ownership of a share to the buyer. So what you need to do is borrow that share and then sell it. Your "short squeeze" potentially arises because you have to give that share back, and need to go out and buy one on the market.

You can achieve what you are saying synthetically with a derivative contract but the types allowed will depend on the market/jurisdiction. You may be going short but you aren't shorting a share there.

Number 1: You said "Short sellers". Not "naked short sellers". You said that short selling was "selling shares they dont have to drive down the price". Your wikipedia link, in the first line has a link to it's article on "short selling" - which is here https://en.wikipedia.org/wiki/Short_(finance)

Number 2: As I pointed out, you can achieve what you said synthetically where it is allowed. For example, I can agree with you to sell a share of X even though I don't have any and have not borrowed any, then later go out and try to buy it if I am confident it's price will drop. But, for your "naked short", I will need to have that done before the required settlement. So it is a very short term transaction. Unless you agree to a delayed settlement, in which case we have a derivative transaction. And, as also mentioned, it depends on where the jurisdictions allow it. It is banned by the SEC.

Main point is, there is no reason why "shorting", synthetically or otherwise, cannot be done with an NFT. It would be risky to do so, but not impossible. There was a man who put an NFT for sale up last week. There would be nothing in theory, except that I might not be stupid enough, stopping me from agreeing, in advance of the auction, to sell you that NFT for say $30m. It would just have meant I would then need to go and buy it to deliver it to you! We could also enter a cash settled derivative transaction on it.