You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
If you have any problems with the registration process or your account login, please contact contact us.
Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
0.42 ETH is hilarious, but hey I hope she makes it.
@unit knows what he's talking about. Right now, you totally need a community to get anything off the ground.
That being said, if that guy who took selfies did it, it's worth the shot.
ghozali was a pamp and dump by bored whales in the middle of the night during a raging bull market lol. One hit wonder and completely unreplicable.
At this point of the game, simple art project with no/bad marketing effort is seriously ngmi. especially for 0.42eth, and looking at the collection I agree with with the market
She is not the first tattoo artist to not make it in this space. I've actually seen way better project working with tattoo artist with 10x her marketing effort that didn't get as far as they thought they would.
I think the first Tattoo artist with a legit chance of making a splash on NFT scene might be Dr.Woo
He is going to be dropping a collection with Edison Chen on Valetines day.
partly true statement lol. that's totally from the perspective of people outside the space. Besides JPEG there are some NFTs with actual utility as well.
Which give me an idea. Since she is a tattoo artist, why don't she try and sell some of her actual tattoos flash design as NFT. All unique, with the added benefit of being able to burn said NFT and receive the same tattoo design irl (whenever tattooing opens up).
It just seems like she gave this collection very minimal effort tbh. Everything from price to design to marketing could have been done so much better. Utility like this would perhaps appeal to her fan base rather than turn them away
Which give me an idea. Since she is a tattoo artist, why don't she try and sell some of her actual tattoos flash design as NFT. All unique, with the added benefit of being able to burn said NFT and receive the same tattoo design irl (whenever tattooing opens up).
Why would anyone do that rather than just book a tattoo appointment?
I only answer to my username, my real name is Irrelevant!
Join Date: Oct 2002
Location: CELICAland
Posts: 25,679
Thanked 10,395 Times in 3,918 Posts
Failed 1,390 Times in 625 Posts
Quote:
Originally Posted by SkinnyPupp
Why would anyone do that rather than just book a tattoo appointment?
Why do ppl buy nfts? (they're suckers for the idea of a collectible that may be worth something in the future
Giving em a tattoo, is just added value in their heads to make the idea of the nft more appealing
And there's the feeling that the nft tattoo is a limited edition, you can't just walk in and say "I want this one" bcuz it's locked to the nft (u could go to a different artist n get it I guess but /shrug)
Why do ppl buy nfts? (they're suckers for the idea of a collectible that may be worth something in the future
Giving em a tattoo, is just added value in their heads to make the idea of the nft more appealing
And there's the feeling that the nft tattoo is a limited edition, you can't just walk in and say "I want this one" bcuz it's locked to the nft (u could go to a different artist n get it I guess but /shrug)
I mean with a tattoo you can usually choose a flash or a custom design any time
"why do people buy NFTs"
Good question! Nobody has been able to answer that yet
That is kind of the reason why your tattoo artist friend's collection have zero, nada sale.
I don't think she has ponder the questions of why anyone buys NFT, in particular why any one wants to buy HER nft.
She saw other people making money in this field and thought she can copy and pasta her own effort and be making those magicaly internet money instantly. Epic failure as you can see.
NFT is a brand new market. And as with player in a new market, you have to navigate and find out the the underlying reason in why people buy the things they do in the market. If she or anyone can't see why do people buy NFT. Than yea, its no wonder she can't make any money this field.
If kind of like the dawn of internet. Brand new tech, brand new space. You can choose to laugh on the sideline and wait to enter when its more mature and when you actually see value that you personally identify with.
But if you want to make money in this brand new space/market. You've got to go deeper that. In your friend's case. She is a tattoo artist, why does she think her fan bases has any interest in that ridiculous microsoft paint effort she has put into her so call collection. She is not even leveraging her real asset and the reason for her fan base. I don't know if providing a real life tattoo in exchange for her NFT is going to work, but I'm just trying to think from her perspective. And at the very least, realeasing a NFT collection that correspond to her strength and the reason for her following, should at the very least provide some kind of value and reason for her fan base to support her.
Gary Vee's collection is an example of someone that gets it. He knows what he has, what he can provide and why someone would want to actually spend money on the stuff he drops. And thats is honestly what seperate NFT collection with zero sale and a collection with many thousand of ETH of trading record.
You don't have to participant in the space at all. But you cannot just expect result without understand the psychology of the market. Other people release crap that sell, so I will also release crap and wtf why didn't it sell. To be very honest, it is kind of why this space is still made fun of all the time.
I think you're right in that she saw a way to try a new market, but didn't know enough about it to succeed. She attempted to enter the market like she would in a traditional market, like selling art on a canvas or t-shirt designs or something other artists have done to make money.
Unfortunately that doesn't work for NFT, because NFT people don't care about the product itself, they care about making money with it. They want to be able to buy low, and sell high based on hype. The product is not relevant, it's all about the hype and ultra capitalism.
Gary Vee is successful because there's hype behind his name, and people have bought low and sold high several times over and made money (well assuming they are selling their ETH gains for bitcoin or fiat). Also I think he sells tickets for exclusive events, which will only appeal to very specific people who want to be part of a super exclusive group.
The other issue is if a traditional artist has a following and decides to dip their toes in NFT, they end up losing a lot of their following because most people can't stand the idea of NFTs and this type of ultra capitalism. I think I understand it decently well based on what I read here, and I don't hate it necessarily, but most people do. If you publicly get into it, you become "one of those" people, the type of person who goes to a Gary Vee event, and that's a huge misstep for many. NFT is not like early internet..
NFT as art collecting is just one segment of the space. And projects that have nothing but hype don't last very long. Hype is hard to maintain long terms and even harder when the space goes thru bear cycles, which it is in right now.
Veefriend is just one example, but there are plenty of projects with literal anon teams that are doing well. There are projects with celebrity backing that has gone to zero.
Seeing more and more people requesting some kind of utility for their NFT. Probably exactly because of this, new people are entering the space and they are trying to wrap their heads around buying a JPEG just like you are. Even famous artists are struggling with just dropping collections based on their art along. Takeshi Murakami is dropping a project soon, and from all indications, his project will also not just be a simple art piece.
The space is quickly evolving beyond just buying a pretty (or sometimes ugly lol) JPEG and artists who are entering the space thinking it is just that, another venue to sell their art will be very disappointed. The time for anyone that can draw and make 6 figure selling JPEG is quickly disappearing....
EDIT: I found this hilarious collection that I must show you guys lol
dude is selling his skin buyer of said NFT can choose to tattoo whatever they want on this dude's skin. Or burn it to save his skin. Dude made 28eth worth of trading Volumn . It a pretty crappy utility but hey, its more than just a JPEG lollol. Still doing better than tattoo artist friend's collection, unfortunately. Can't say he is making it in life with that petty sale but he's figure out a way. Have to admit its pretty funny lol.
i agree with a lot of what you guys have said. nfts are just a technology that's evolving though, we can't really dismiss it as a technology based on how it's being used at the moment. some people are creating good value with what they are creating, and others are just cash grabs. definitely a lot of cash grabs no doubt about it.
you should see what happened yesterday with a project called squiggles. if you follow youtubers like coffeezilla, you might see a good video about it soon lol. basically, known project ruggers rugged a huge project and made like 2000 eth in a matter of minutes, and now they're banned from opensea which is the first time i've seen something like that happen. the sad/funny part is that there was a 60 page dossier about their project that was released to the public that detailed tons of evidence that this would happen due to the seedy creators, and people still minted the damn thing for about 1E each.
so many scams, you have to really be on top of it to avoid them.
double edge sword the NFT. its ease of global access means for the first time ever, aspirating creators can fundraise no matter which corner of the world they are in and what their background is/was
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
