AcotuNFT {
NFTs have garnered buzz these past few years as a novel method for scamming tech bros and laundering money.The idea of owning "exclusive rights" to a .jpeg has internet-goers rightfully confused. Even moreso when we see price tags of $100k+ for a Twitter avatar.
The technology underlying this phenomenon is cool but I won't explain that here because I don't understand it. Luckily there's tons to read about blockchain and non-fungibility.Crypto-literacy is still braving its Wild West, meaning there's scammers, swindlers, and snake-oil salesmen abound. But instead of stolen land, they're settling on an island obscured by fog in the center of a recently-discovered ocean, with many deeming the frontier to be fraudulent, exaggerated, or void of resources.Some people have a vision of gathering a community to bring their current resources to the island. There's currently no resources on the island, so it might sound kinda dumb to imagine a theme park down there. plus, there'd be tons of carnies trying to take everyone's money.Meanwhile, groups of adventurers are hauling lumber, tools, and schematics to build a rollercoaster, debating about whether it should have a loop-de-loop or a corkscrew. If enough people join in, maybe there could be both!
} $$$.JPG {
I'm pretty sure this is how NFTs will help me get really rich:1 Form/define community
Tech advocates, philosophers, supporters of any common ground can be invited to join the movement. There may be a true interpersonal community, or some sort of aesthetic users can identify with/buy into.Art projects are often led by digital artists with worldbuilding chops, while tech projects aim to create cool/useful NFT applications.2 Generate NFT artwork
Artists create things for distribution. Each piece gets minted as its own token on whatever blockchain technology they choose. There's tons of stuff being made!3D art pieces can be displayed in an interactive interface. Animated stories can unfold with beauty, humor, absurdity, etc. Any content medium can be a vehicle for blockchain ownership.Most notably, systems of interchangeable parts can be combined to create a massive amount of unique compositions programatically. Sets of parts form 'collections' for limited runs, and NFT enthusiasts can show their support for certain efforts with a guaranteed unique piece of art which wasn't overly expensive to produce.
Masholand's 'Stone-Eaters' 6000-unit series
3 ???
I don't really know! There's a bajillion online pockets of users enthusiastic about this kinda stuff. i think there's also some fake transactions like in the 'fine art' trade.As the internet-sphere continues to engulf humanity with its increasingly-mandatory degree of participation, NFTs are becoming a truly web3 way to represent your online identity.There's an enjoyment found in most popular trading card games where you can possess something that exists within a system. Others have something different than you & you possess something different than them.There we can also identify a major disconnect that I see in a lot of NFT discussion: "who wants to own a .JPEG? sounds worthless XD"That's the equivalent of seeing a MTG Black Lotus (Alpha) like 'hooooWEEE that's stupid! i could print that out on the c'pyooter!'You actually can't tho :P legit cards adhere to strict manufacturing techniques which create value for users involved in their economy.kinda like US dollars!and whereas fake cards/cash might be possible with extreme attention to detail, they can not exist on the ✨Blonkchain✨ (i think?)4 "Profit"
There's gotta be a ton of cash-grabs looking to take a piece of the NFT pie — after all, with a minimal amount of work and some understanding of emerging tech you can create 1000s of potential sales.But, there's also the opportunity for artists with the ability to create 3D landscapes, morphing physics demonstrations of fluids & hair, surreal imaginations, pixel art, and much more to inject value into what they're doing / earn money to keep doing it. Authenticity & unique value still get a fair chance to exist.Also, like all tech trends, users quickly discover that reality is far removed from the articles reaching their newsfeeds. Nobody wants to buy your 100$ doodles if they're not cool!
} øwned {
Besides the literal blockchain data defining an NFT and its ownership, there are some real-world factors contributing to its value:- The art
Some NFTs are born from algorithms, some are handcrafted in small-batches. Both can be valuable, both can be worthless.- The artist
It might be a ~Bored Ape~ or some other hyped creator/organization. It could be a small digital artist you felt like supporting. Whether you're underground or on the bandwagon, the source of your NFT has its own brand and community contributing to its value.- The significance
There's a ton of firsts happening, across a whole bunch of different blockchains. Companies like GameStop are fully embracing (engineering?) the emerging meme-culture. Snoop Dogg is up to something. Somebody tried to sell the first tweet for a bunch of money and it flopped. These moments in history are valuable notches on an arbitrary blockchain.
The first .gif NFT on Bitcoin's blockchain. Wowza!!1
- The experience
Creators are constantly finding new ways to exhibit NFTs. Release might take place via raffle, with conditions to enter the raffle & a portion of the sale donated to charity.I've seen NFTs listed as asteroids, which can be 'cracked open' like a geode at a later date. You might get a common-looking space metal, or a rare galaxy-nebula crystal with animated star patterns swirling inside. Woohoo^ That last one is only possible with blockchain technology, btw. Each minted NFT has an identifier which can't be changed on either side of the transaction. Without that decentralized / immutable property, they could pull a fast one on ya. Idk
} $o$ {
More than anything, this movement feels like another chance for people to see dollar signs (a common theme with crypto). News articles claim million-dollar sales, but those sales could be made by the creators themselves to give the illusion of demand, thereby creating artifical demand.It's a total mess!Wanna buy one?
} @C07U#Nft {
Acotu[1] – ʜᴇᴀʟ̲+ʜ (cover art)
price: 0.002 ETH (~$2.22)
qty: 2022 1
Acotu[1] – Full ʜᴇᴀʟ̲+ʜ: Definitive Edition Bundle (ᴮᴱᔆᵀ ⱽᴬᴸᵘᴱ!)
price: .02022 ETH (~$22.22)
qty: 1
includes:
- Acotu[1] – ʜᴇᴀʟ̲+ʜ (cover alt)
- Acotu[1] – ʜᴇᴀʟ̲+ʜ (cover art)
} FAQ {
Literally why would i want this. i can look at your image just fine on this page
Yep an NFT isn't a valuable image,
but a token with verifiable legitimacyYou should not want thisBTW, the things we want are car culture, single-use plastics, and disposable e-cigarettes with lithium batteries, so I think we should consider navigating capitalism with a better metric than wanting
Where am i gonna spend the token? chunky cheese?
Why do you need to spend it?When somebody hands you a commemorative bobblehead at the entrance to the baseball game do you try and hawk it around your row/section?Or do you let it collect dust on your shelf and say 'hehe bobble head'
Well nobody's handing me the NFT & I need a blockbit mainframe coin just to buy it, so...?
Yeah these matters of money and value aren't 1:1. You bought nosebleed tickets to the baseball game, right? That's a paid experience with a free gift.Maybe this is more like a free experience with a paid gift
where shall i DISPLAY it?
Up to you — Twitter is doing their profile pic thing and I'm sure other stuff will pop up relatively soon. Not saying my .jpg should be your pfp, but idk consider saving some wallspace in your metaverse villa?These ones are compatible w/ popular crypto wallets like Metamask, Coinbase, etc. so they can be stored regardless. When Acotu[89] is released in 2044, you can pull up your wallet and say 'look I was here for Acotu[1]'
why [technology/platform]?????
I'm just going with low cost / best value. OpenSea seems entry-level w/ the features and ease-of-use I want — Ethereum is not going away, therefore neither are the NFTsI don't quite get what Chia is but my friend Dylan seems really enthusiastic about it. He's got a cool operation going with Evergreen and the network is led by CompSci veterans (including the creator of BitTorrent). I'm hoping to use their tech in the future because it creates ways for NFTs to be obtained without spending/dealing with crypto at all — awarding NFT contracts via pa55c0d3 with zer0 ¢urrencies involvedThe gaseous #crypto nebula is beginning to form stars & planetary systems — its gravity being motivated communities
Do you truly expect 2000+ people to buy that?
No
How would I even buy it if i wanted to?
You'd need a crypto wallet (I recommend Metamask) with some ethereum in it (often found at Whole foods or the end of a rainbow)Go to OpenSea and link your wallet, you're good to go!
What are you planning to do with the thousands of leftovers that don't get bought?
I'll probably hold on to them for the 25th anniversary re-release. Or list them again at some point. They'll make good Christmas gifts for the familyIf you'd like me to transfer you one directly (no cost!):
Do you plan to use [NFT]{#FF7A00} tech in the future
Yes! thanks for asking —W/ future tech (if I'm understanding this correctly), users can submit a key or token and receive an NFT contract. so instead of working like a point-of-sale transaction with cryptocurrencies and gas fees and all that nonsense, the NFT contract already exists and can be simply awarded to whomstever submits the token.That would make way for stuff like scavenger hunt puzzle challenge adventures to piece together a secret password and unlock an NFT, digging through web experiences, artwork, the music itself, maybe even the real world :0 to find cluesI hope to break free from the requirement of crypto-participation in order to demonstrate the intrinsic value of these technologies
} in summary {
- ʜᴇᴀʟ̲+ʜ NFTs- They offer no intrinsic value to your life- They offer potential intrinsic value for future Acotu-related experiences
} in closing {
Just like Thunderfury, Blessed Blade of the Windseeker is irrelevant to anyone that doesn't play World of Warcraft, the value of an NFT is tied to many different opportunities irrelevant to those who don't perceive valueSome people spend hundreds of hours hunting rare pokémon. Take Shiny Authentic Sinistea for example. The base shiny rate is already absurdly low at ~1/4,096. Plus, only 1% of Sinistea have an authentic stamp underneath. AND Sinistea only has a 10-20% chance of appearing in most locations. That's like 1 in 2,048,000 for any given encounter, though that chance can be increased with a few other methods. Pretty crazy, right? So why, then, is your grandmother not working on catching one???NFTs and related blockchain trinkets are completely dependent on a belief/interest in the underlying technology.I totally agree with dunking on the obnoxious scammers trying to generate pointless hype for the sake of lining their own pockets. but, i hope that you keep in mind how this new technology can power novel experiences :)It's like a donation that's more fun! It's like a t‑shirt that's less cool! However u look at it, ʜᴇᴀʟ̲+ʜ is commemorated and Acotu is supported.Maybe one day I'll be like this guy who did not sell an NFT for $3.6mil to himself, nor his management/label, nor cryptoinvestors looking to create traction on social media. Someone in complete unaffiliated support made the investment 👍
} ➕
Anonymous Pro