Worthless JPEGs: Redditor turns NFT criticism into NFTs
One Reddit user collected quotes from NFT haters on the internet and famous skeptics like Warren Buffet, Peter Schiff and Dan Olson. A Redditor made it his mission to turn the tides on nonfungible token (NFT) critics by minting a collection using the top anti-NFT comments they found on the internet. In a Reddit post, user busterrulezzz introduced the NFT collection titled Worthless JPEGs! in an attempt to bring entertainment to crypto enthusiasts while critics of the space are rejoicing during the crypto winter. The Redditor collected quotes from Redditors and famous critics like Warren....
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Over the last few months, the non-fungible token (NFT) space has heated up and NFTs have become a topical conversation in the cryptocurrency community. Many supporters believe that NFTs are going to be huge and transform everything from the art industry to online gaming. Others believe that NFTs are completely worthless and nothing more than the hype seen during the initial coin offering (ICO) phase in 2017. Non-Fungible Token Assets and Reliable Immutability Data shows that to-date, more than 5.3 million non-fungible token (NFT) asset sales have been recorded on nonfungible.com’s....
Most of us have heard about Beeple’s Everydays: The first 5000 days selling for a whopping $69.3 Million dollars but most of us don’t realize the significance of that astronomical number. To put it into perspective, compared to traditional art, only 100 paintings have sold at a higher price than Everydays. That is all paintings sold ever! The investors in the art world have been around for centuries and NFT investors are just getting started. There is no doubt that NFTs are changing the way we think about art, but this paradigm shift is not restricted to GIFs and JPEGs as the popular news....
NFTs on both the Ethereum and Solana chains have been gaining popularity over the past year. The trading of jpegs on the blockchain was the new shiny thing that had quickly gained acceptance from investors all over the place. This brought millions of users into both chains. However, as time has gone on, competition has […]
Gaming dominated the conversation around NFTs over the past week, as Epic Games, Minecraft and Square Enix all took some sort of stance on non-fungible tokens this week. Meanwhile, a LinkedIn co-founder is minting a new project, and there’s a beer brand who is reportedly exploring loyalty programs through your favorite jpegs. It’s all of […]
Redditors discussed various strategies on how they pick the next NFT collection that they will invest in. Since it may be a good time to buy nonfungible tokens (NFTs) as the floor prices are lower, a Reddit user asked the community what they look for when searching for the next NFTs to add to their collection. In a subreddit, the Redditor has gotten various answers from the community including examining the utilities of the tokens, finding overhyped projects with low minting fees and monitoring data collected by oracles and basing their NFT investing strategy on what they see. According to....