NFT

coinfeeds-bot

tldr; The U.S. Department of Justice has charged two California men, Gabriel Hay and Gavin Mayo, with conspiracy and wire fraud for allegedly orchestrating a $22 million NFT investment scam. The duo is accused of conducting multiple 'rug pull' scams, where they promoted and then abandoned NFT projects after securing investor funds. Projects involved include Vault of Gems, Faceless, and others. They allegedly misled investors and concealed their involvement. If convicted, they face up to 25 years in prison. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

all-apologies-

There is only one way to never get scammed. must perform a series of highly specific rituals involving the private key, a physical hardware wallet, and the sacred phrase "HODL." You'll need to sacrifice one NFT of significant rarity, preferably an Ethereum-based meme token, and encrypt the transaction with a 256-bit private key that only exists in your dreams. Once the NFT is burned in a virtual fire, you'll receive a whitepaper written in an ancient language (only readable using a web3 wallet with a MetaMask plugin). From here, you must solve a CAPTCHA on the blockchain to prove you're not a bot, decrypt the cold storage ledger, and engage in a live AMA with Satoshi Nakamoto on the dark web. Then, and only then, will you be granted access to the seed phrase, which is hidden inside a QR code tattooed on a bear that lives in a remote part of the jungle. Once you scan the bear, your crypto wallet will unlock—but only if you've previously staked your tokens in a decentralized yield farming pool, and your wallet is protected by multi-factor authentication, biometric scanning, and a couple of full moons. By the end of it, you’ll finally be able to access your funds—if you're lucky enough to remember your password.

Swerve99

I’ve used a ledger to sign transactions through metamask as my hot wallet since 2017 or 18. never had an issue. Seed phrase only ever written down once on paper and stored securely only interacting with tried and true protocols and smart contracts. use revoke.cash after trades or transactions to recind all permissions. never click on or interact with a spam token or spam NFT sent to my wallet do that and you’ll never have an issue. it’s always the persons fault in someway. financial darwinism is on full display in crypto and most are cut out for it and should just leave everything in coinbase.

oak1337

No I don't like ETH. It was a stepping stone that brought the idea of smart contracts, that's it. I do not buy ETH or any L2 built on ETH. 1. Not a meme ✅ 2a. Ethereum uses Keccak-256, which is similar to SHA-256. ❌ 2b. Not aBFT ❌ 3. Not infinitely scalable, in fact it's maximum about 15 tps. ❌ 4. Block leader with mempools and MEV (Maximum extractable value). Basically, whales can snipe your trade if they pay extra. Very unfair. ❌ 5. Variable fees... If a new NFT or meme drops, and the network gets clogged up, gas fees go through the roof. It's not scalable and unpredictable fees. ❌ And just remember, any L2 is just a bandaid for the shitty L1. No matter what, the L1 will always be the bones. It's like putting a bunch of mods on a shitty car.

ryannguyen18

Best NFT Giveaways 😍 Best team and active community 👍

newsallergy

So, NFT's then?

JarjarSwings

Every NFT game failed... And also fuck epic games, charging what is it now? 20 Dollars for a car? And trading is gone over a year... Thats not recently

ccModBot

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WreckinRich

A popular console game that uses NFT for a trading system. I'd love to see it implemented in Rocket League, where eoic games have recently removed p2p trading.

kirtash93

I will stick to buying Non NFT 👀 Reddit Collectible Avatars.

uthillygooth

I don't get the obsession about people who write books about how bad it is. It's not your money. We're the writing entire screeds how bad luna, ftx, NFT's, etc, were. I don't get it.

coinfeeds-bot

tldr; Two Southern California men, Gabriel Hay and Gavin Mayo, have been indicted for allegedly defrauding investors of over $22 million in cryptocurrency through "rug pull" schemes. They are accused of collecting investments for NFT and digital asset projects with no intention of fulfilling them, instead transferring funds to their own wallets. The indictment includes charges of conspiracy to commit wire fraud, wire fraud, and stalking, with potential sentences of up to 20 years for each fraud charge and five years for stalking. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

mechanicalhuman

Last time it was NFT’s, this time the winner will be whoever created and rugpulled coins.

coinfeeds-bot

tldr; Stephen Bliss, renowned for his work as a Senior Artist at Rockstar Games, has transitioned into the digital art space with his NFT project 'Fear City' and now the $LOOBY token. Known for his iconic style in the Grand Theft Auto series, Bliss is bringing his artistic flair to the blockchain, creating a community around his unique characters and storytelling. $LOOBY integrates characters from Fear City into a new universe, offering fans a chance to engage with his art in the Web3 space, blending gaming culture with digital collectibles. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Experimentationq

Bro went from illustrating a multi-billion dollar company's games to running a crypto cartoon NFT cult. Time well spent imo.

coinfeeds-bot

tldr; Two California men, Gabriel Hay and Gavin Mayo, have been charged with orchestrating a $22 million NFT rug pull scheme, the largest ever prosecuted by the U.S. Department of Justice. They allegedly defrauded investors by promoting NFT projects on Ethereum and Solana with false claims, then abandoning them. The projects included Vault of Gems and others. Both face charges of conspiracy to commit wire fraud, wire fraud, and stalking, with potential penalties of up to 20 years in prison for each fraud count. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

critiqueextension

The rise of NFT trading cards has transformed the traditional trading card market, offering unique digital assets that leverage blockchain technology, creating a blend of collectibles and investment opportunities. This intersection of cryptocurrency and collectibles is reshaping how enthusiasts engage with both realms, highlighting the growing appeal of digital assets in the trading card community. * [Top 10 Crypto Cards | CoinGecko](https://www.coingecko.com/learn/top-crypto-cards) * [Crypto Trading Cards: Everything You Need to Know | Blog](https://www.mintdice.com/blog/crypto-trading-cards) ^(Hey there, I'm not a human \(sometimes I am :\) \). I fact-check content here and on other social media sites. If you want automatic fact-checks and fight misinformation on all content you browse,) [^(check us out.)](https://critiquebrowser.app) ^(If you're a developer,) [^(check out our API.)](https://critiquebrowser.app/en/flow-api?view=design)

Top_Yogurtcloset_299

I think NFT's will be back in around 30 years or so, when the so called metaverse or anything similar functions as good as online gamming now, my thougths is that the NFT's that where made for gamming will be addapted from the 2d models to a 3d full rendered model easily with an AI tool and then this NFT\`s will be the new user names or ID's in the metaverse, also maybe collectable items, but I dont think their value will ever be as high as in the begining, maybe some will be more appreciated becasue they are vintage NFTS or some thing like that.

ReadersAreRedditors

People still buy NFT's?

PeterParkerUber

There’s no NFT hype this cycle (thank god) so apecoin probably not making a comeback (thank god)

VirtualSputnik

You can tell this isn’t a complete crash or entering a bear market because NFT’s holding up real well.

DaRunningdead

People investing in a project named "Vault of Gems NFT" should start evaluating their financial decisions

CragBawz

>Prosecutors said the pair engaged in a series of "rugpulls," in which the creator of an NFT -- nonfungible token -- or other digital asset solicits people to invest in the projects, but then abruptly scrubs the project but keeps the money. >According to the U.S. Attorney's Office, Hay and Mayo sponsored several such projects between May 2021 and May 2024 and allegedly made various false statements or claims to entice investors. In one case, the pair promoted a "Vault of Gems NFT" project, but they "allegedly abandoned the projects after collecting millions in funds from investors," prosecutors said in a statement. Rugpullers getting rugpulled, love to see it

Every_Hunt_160

Some NFT collections be rug pulling more Eth than that everyday

Left_Fisherman_920

They probably think bitcoin is a dollar note NFT.

mattsbeunhaas

That being said, the same thing happened to me with SAND. 3 years ago, this was a really promising coin because you could buy NFT’s, digital land in the Metaverse, and credits in online games with it. I bought at €6-ish, HODL’ed it, sold it 6 weeks ago when it was at €0,35-ish (highest in 6 months) and 2 days after: BAM: worth € 0,85. Time in the market beats timing the market. Buy Bitcoin (and a little bit of Ethereum, Solana and some other coin you believe in). And some memecoins with money you can afford to lose, if you’re up for a gamble.

Awkward_Potential_

This drives me insane. They'll bring up every scam. Every NFT. Every shitcoin, all to make the point that Bitcoin is a scam? It's like saying not to invest in Apple because there's also penny stocks that aren't good companies.

DonkyMcBallFace

Last cycles there were far more low educated people. Previous cycle there was a massive dilution of market funds into NFT's, and this cycle into memecoins and AI garbage. Problem is, there's only so much money available and the more the market grows, the more it spreads out. Even with a lot of coins dying off. People who took massive losses are less likely to continue being in the market and bringing in new money. Whereas people who were here for the 2017 run continued to DCA into majors. I doubt that'll continue in the same way.

CipherScarlatti

The time for them to day that was about 4 years ago when everybody was using their site for NFT transactions.

coinfeeds-bot

tldr; OpenSea, a leading NFT marketplace, is speculated to launch its own token following a cryptic social media post and the establishment of the "OpenSea Foundation" in the Cayman Islands. This move is seen as a potential comeback strategy after losing market share to competitors like Blur and Magic Eden, which have already launched their tokens. OpenSea's recent platform update, OpenSea 2.0, includes features that suggest possible retroactive rewards for loyal users. Prediction markets show high confidence in a token airdrop announcement by 2025. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

r33_aus

ok but hear me out - what made this an attractive investment opportunity to begin with? What utility/function/value did the coin provide? There's existing coins that actually do have utility that aren't even good investment opportunities a lot of the time. Some random that went viral, for a funny street interview, now was providing a potential valid investment ? >.< I just cannot fathom 1) hearing a meme is coming out with a cryptocurrency and thinking yeah this makes sense and 2) putting actual money into it . never mind being surprised it fell flat on its face. it never stood a chance? This isn't market mover elon musk or headline hero djt. i don't have much, if any sympathy. Similarly to the initial NFT mayhem and crash, don't go into an investment without thinking its possible to lose. What am I missing here lol. I hadn't even looked into it, after initially hearing about it, before it fell apart

jawni

so they made a wallet like Backpack and NFT's like xNFTs and called it the "world's first RWA wallet".

monoimionom

You can create Ownables directly with the App. Ownables: \- Ownables are an evolution of NFTs, often referred to as NFT2.0, and they offer a more comprehensive ownership experience. \- Unlike traditional NFTs, Ownables store all related content, including images, media, smart contracts, and event chains, directly within the owner's wallet. This means the entire asset is in the user's possession, not just a reference to it. \- Ownables can embed entire applications within the wallet, allowing for more complex interactions and functionalities, such as dynamic content updates and peer-to-peer trading without the need for gas fees. \- They operate on a hybrid blockchain with both public and private layers, providing enhanced privacy and control over the digital assets. \- The entire asset, including all its components, is stored directly in the wallet. This ensures that the owner has complete control and possession of the digital asset, even if the associated platform or project becomes inactive.

NOMERCYDLKH

any SEI holder? what this coin do? NFT?

Status-Travel6685

you can buy NFT and gamble

Additional_Zebra_861

back in 2013, there were like 40 alts. It was impossible not to make money, just buy anything. In 2017 it was like, hey lets buy some dead coins, maybe people are idiots and will buy them again. It worked, all of them moved up. in 2021 it was like, hey, lets buy shitcoins...easy money....wait, why is everyone buying NFT, what is NFT, why they are not buying my shitcoins? than doge pump started and some coins pumped, some not. 2024... is like, there are millions and millions of alts. Pretty everyone who was ever willing to gamble money in crypto already tried it except boomers. So boomers are buying ETFs, because they can't work with crypto directly. Boomers are not going to register to Binance to buy your shitcoins. It is time to clear the market, to let shitcoins die and to let few real projects thrive. We are going to see real projects in top 100 again in next few years.

Vegas_42

Since memecoins are playing a bigger role this cycle, I added some KENDU to my bag. Unhinged community, shiba OG dev, great work ethics, Ethereum based with a planned bridge to Solana and with KENDU chads a NFT platform around the corner. Latest achievement: free certik audit aquired by 50k votes. Something big is coming.

Levynator69

Yeah I heard about this on Instagram, they’re making NFT’s populair again?

the_far_yard

The CEO of the health company that got shot by *Mario's brother* was running an insurance company that allegedly used 'AI Agents' to reject insurance claims. That was their innovation that got back-fired. If it is Blockchain-related innovation for an immutable health card, this conversation was held back in 2020 for an NFT-Health Card.

valeriedior

Whales chasing different types of projects during different seasons. Was meme coins, then NFT’s now this season is utility. All pieces of a puzzle that will be tied together in the future

arntestenstad

Have a good look at LEMON ($LEMX), a new blockchain, serious partnerships with financial backers, an ecosystem based on RWA (real world assets). Free NFT’s, it just on and on. It’s set to go live in the near future.

negative3sigmareturn

In Finland you always pay 30% for your profits. No matter if you’ve taken your life’s biggest risk and yolo’d your life savings into some idiotic memecoin or NFT and somehow make profit - you will go to jail if you don’t give the tax authorities their ”fair” slice.

droctagonau

Not to deflate your tyres mate but this is not going to go how you think it will. Remember the first time Trump ran for office and a bunch of small business owners ended up voting for him because he said he was going to run the country like a business? Then after he had been in power for a while, the business owners were surprised to find things hadn't gone their way. Trump's actions drove up costs in a way that big multinationals were able to absorb a lot better than they were. They lost ground and it hurt them. Trump said he would run the country like a business and that's exactly what he did - he made as much money as possible for himself and his mates. The mistake the small business owners made was believing themselves to be the business owners in this analogy. There's a small section of this sub who are making the same mistake. They believe that in supporting crypto, Trump is supporting them. Trump is supporting crypto for exactly 2 reasons. Firstly to buy votes, and secondly to enrich himself at the expense of others. All his support for crypto is going to amount to is a few token gestures, a whole lot of market manipulation, and probably another NFT grift somewhere along the way.

Hoondini

It offers governance over the direction of the Pudgy Penguins NFT project, so it's more than most. The community is decent, and I've seen people saying they think it could be the DOGE of this cycle.

Every_Hunt_160

So if you add these to his 2 part NFT scam, Trump has close to 100 million worth of crypto in total lol

DrBelueBarry

You bought NFT when you were young. That's why you are broke now. Kek.

QuickFudge

Such a strong project. According to Murad, NFT-coins will do well the coming cycle. And HEGE must be the project with the most undervalued NFTs, which also provides dividends to holders!

lIIIIIIIIIllllIlIlII

2017 run ETH was fueled by ICO phase. 2021 run ETH was fueled by IDO and NFT phase. 2025 ETH will continue to underperform because there is nothing driving it's use. See Sol. Even BTC is still outperforming ETH. I'd still have it in a portfolio for but to say BTC is boring while it's done a 7x and ETH is constipated at less than a 4x is crazy.

CowS_Legend17

Well stated. I just cannot give enough praise to this team and community. The way they run this project is truly something special. Always feels like a group effort when deciding on future strategies for the project. Everything that is done has solid reasoning behind it. They are also not afraid to admit they are wrong. Some implemented strategies have not been producing the desired effect and the team promptly cuts these out for the betterment of Hege. Did I mention the team had already raised massive funds for future development. On top of this there is a recurring revenue source seamlessly integrated into the Hege ecosystem. As long as the NFT collection keeps being traded there will be a steady flow of capital to the project and to the other NFT holders. BRILLIANT! https://i.redd.it/r2p1wz692h7e1.gif

jawni

Pretty funny saying that, considering Pudgy Penguins is an ETH-based NFT and launched their coin on Solana. The people who actually use and build in crypto are on Solana, the people who larp about using crypto aren't using anything anyways.

Hqjjciy6sJr

ETH had its time with NFT and dApp other crap. those times are gone. we need a new hype...

LargeSnorlax

Why are you depending on Binance to give you numbers? You're in Crypto, go look at the supply and you would've seen it was insanely overvalued. Don't trust 3rd parties to do your research for you... Second, why the fuck would *Binance* be something you trust? The platform that trades against its customers? The exchange *"operating as a fking unlicensed securities exchange in the USA bro"*? Third, why on earth would you be buying a wealth drop token for a 2021 NFT distributed to basically everyone in the world? Obviously it's going to drop, basically setting yourself up to fail.

Lmao45454

This is always the theme with crypto, used to happen a lot during the NFT market when the US woke up

4inalfantasy

25.9% to Pudgy Community : the Pudgy NFT community, 24.12% to others such as Ape, Doodles, Memeland, BoDoggos ect ect. So basically majority of these ppl will only keep dumping on them in batches...... Now the problem is those who buy will keep seeing red until god knows when. Nice 👌👌

Every_Hunt_160

He's already got experience in the space with the Trump NFT cards and the liberty finance shitcoin

brkinard

This is all about making it easy for IRS to track your trades on each exchange separately. So here is the bottom line: 1. The IRS will be aware of all your trading history starting on January 1, 2025 since all CEX/Brokers will be required to submit 1099-DA forms to clients and IRS. 2. Since each exchange submits a separate 1099-DA, they don't want you using a 'universal' reporting form like in the past where you used API keys to access all your transactions by date across all your exchanges/brokers. They want to be able to match/compare each 1099-DA to your submitted forms. So, you would have to do the same forms as before, but instead do it separate for every CEX./Broker you interact. If that is what you want to do, then go for it and nothing really changes. So if you trade on Kraken, Coinbase, and Gemini....you are submitting three sets of forms in 2026 for the 2025 tax year. 3. Or you can consolidate all your coins into a single wallet before January 1 and use that wallet and a single exchange to trade/cash out. You fill out the same forms as before on one exchange and get one 1099-DA from that exchange. Some people already do this, so it nothing different for them. At this point, the IRS does not care what coins you own, where you got them, or even how many you have. They just want to know the cost basis for what you have and for you to either calculate/document that to the best of your ability on each asset or elect a cost basis of "0" when you sell since this is most favorable to IRS. 4. Before January 1, you need to have a screenshot or time-stamped document of the costs basis of your current assets. This is what will be used by the IRS moving forward on any audit. I think you will be required to use FIFO accounting method moving forward , but not sure if you can elect another method. If so, you need to declare your preferred method in that document. This is known as a "safe harbor". You can time stamp the document on the blockchain at [opentimestamps.org](http://opentimestamps.org) If you do not "safe harbor" your cost-basis, accounting method, explanations of differences in coin types/amounts based on closing position provided in tax software and your current holdings, the IRS can investigate. If you declare everything to the best of your ability, you are granted "immunity" for past discretions and can move forward based on your declared assets/cost basis provided in that document. TL/DR: Before 2025, consolidate coins to a single wallet and prepare a time stamped document that accounts for the costs basis of all your current assets (coins, NFT, etc.).

critiqueextension

The creator of 'Catly' has firmly rejected claims of using AI, blockchain, or NFTs in the game's development, which contrasts with speculative concerns raised by some within the gaming community regarding the studio's past affiliations with blockchain projects. This clarification is significant in the current climate of skepticism around the use of AI and blockchain technology in gaming, where transparency is increasingly demanded by consumers. * [Catly Creator denies accusations of Generative AI ...](https://gonintendo.com/contents/43863-catly-creator-denies-accusations-of-generative-ai-blockchain-and-nfts-being-used-in) * [Catly does not use generative AI or contain NFTs, devs say](https://www.digitaltrends.com/gaming/catly-does-not-use-ai-says-dev/) * [Catly Developer Denies NFT & AI Accusations](https://80.lv/articles/the-catly-drama-continues-as-the-developer-denies-nft-accusations/) ^(Hey there, I'm not a human \(sometimes I am :\) \). I fact-check content here and on other social media sites. If you want automatic fact-checks and fight misinformation on all content you browse,) [^(check us out.)](https://critiquebrowser.app)

Affectionate_Diet_99

Great to see the NFT market heating up again! Pudgy Penguins really seems to be leading the way. Do you all think we’ll reach those peak 2021 levels again? I'm curious about how everyone is approaching this resurgence. Are you looking into any specific projects or strategies?

coinfeeds-bot

tldr; Ethereum, a decentralized open-source blockchain system, was first described in a 2013 whitepaper by Vitalik Buterin. It features its own cryptocurrency, Ether (ETH), and supports decentralized smart contracts and numerous other cryptocurrencies. Ethereum was launched in 2015 after raising $18.3 million in Bitcoin during a 2014 crowd sale. It has undergone several network updates, with the most recent being the “London” hard fork in August 2021. Ethereum aims to be a global platform for decentralized applications, offering a censorship-resistant, downtime-resistant, and fraud-resistant environment. It also introduced smart contracts and the ERC-20 compatibility standard for tokens. Despite challenges like high gas fees and low throughput, Ethereum remains the second-largest cryptocurrency by market capitalization and the largest blockchain for NFT trading. Upcoming upgrades, including a transition to proof-of-stake, aim to address its limitations. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

jjd1226

You're absolutely right: XRP has positioned itself as a leader in the transition to blockchain-based financial systems that might just disrupt the traditional methods of SWIFT. The XRP Ledger provides unparalleled speed and cost efficiency, with transaction finality in 3–5 seconds and fees of less than $0.002, thus making it an ideal choice for cross-border payments​. Already, On-Demand Liquidity solutions from Ripple cut pre-funded Nostro / Vostro account dependency, freeing billions in working capital for businesses and FIs​. Additionally, the neutrality of XRP as a bridge asset connected different fragmented liquidity pools worldwide without the friction that was innate within classic systems​. Their biggest turning point, however, was a form of regulatory clarity oiled by their partial win against the SEC. The transparency brought back confidence, such that even major relistings in exchanges like Coinbase and Kraken and huge institutional adoption​ are possible today. With the green light to such stablecoins as RLUSD on the XRPL, Ripple finds itself deeper in traditional financial ecosystems​. Further, with the growing ecosystem for XRP extending its utility way beyond the realm of payments to the NFT, DeFi, and enterprise solution arenas, this diversified utility further sets a base for its growth potential in the long run. Valuation models have proved that with widespread adoption, the fair market value of XRP may see manifold increases. For example, one estimate by the "Quantum Liquidity Model" assumes that in scenarios where XRP becomes a dominant tool in global settlement-for instance-its value can reach $10,000-50,000 per coin.

Vegas_42

My opinion is that $KENDU is the way in 2025. The why is easy: unhinged community with great work ethics, a shiba OG as dev, growing holder count, redistribution nearly finished, kendu chads NFT trading will launch in Q1/25, bridge from ETH to Solana in 01/25. CA: 0xaa95f26e30001251fb905d264aa7b00ee9df6c18

Obvious_Profit1656

All the Ethereum upgrades turned out to be a flop and no one gives a shit about staking that nets you 3% or convoluted L2 ecosystem and with the death of memes and NFT's the traffic collapsed on ETH. It might do a surprise pump like dino coins but I wouldn't expect anything extraordinary.

Lillica_Golden_SHIB

Yeah, but even so most people would sell the NFT for a 2x and see it pulling a 10x right after

xmrcache

I just got an email in my spam folder from opensea that someone just bought an NFT from me.

Icy_Benefit_9471

There's an NFT market?

Rootlevelprivileges

Time for a reversal when NFT market pops.

_lag__

BTC Puppets and NodeMonkes are very cheap compared to ETH NFT collections

QuickFudge

$HEGE is my sure play. Some news just dropped: $300k funds for a new top 10 CEX listing, a huge, well-funded tiktok push starting, and several KOLs joining in. $HEGE is the OG story driven meme coin, with animated shorts coming at new marketcaps. Just check out the latest chapter 5 for a great showing of the quality. It was designed to be anti rugpull, with great liquidity and distribution getting increasingly better. $HEGE also has a very successful NFT collection which provides dividends to holders. The coin is 8 months old, with vibrant and engaging community. Please check out our telegram or r/hegecoin

QuickFudge

$HEGE is very strong play right now. Just recovered 40% from a dip (with more recovering to come) following yesterday's news: $300k funds for a new top 10 CEX listing, a huge, well-funded tiktok push starting, and several KOLs joining in. $HEGE is the OG story driven meme coin, with animated shorts coming at new marketcaps. Just check out the latest chapter 5 for a great showing of the quality. $HEGE also has a very successful NFT collection which provides dividends to holders. The coin is 8 months old, with vibrant and engaging community. Please check out our telegram or r/hegecoin

Squeezycakes17

NFTs make ZERO sense to me, not as art and much less as investments putting aside the fact that they all look like garbage, there's little guarantee that anyone else would be willing to pay the same or higher for a picture than you would...so for every NFT, you might well be the only person on the planet who thinks it's worth anything it's like pissing money down a bottomless pit

lilith_linda

Floki (FLOKI) is a cryptocurrency that serves as the primary currency in the Floki ecosystem, which includes several utilities:  * **Valhalla**: An NFT gaming metaverse where players can earn rewards through a play-to-earn model. Players can battle creatures called Vera, garden, and trade or hold assets.  * **FlokiFi**: A suite of decentralized finance (DeFi) products that includes an asset locker protocol for NFTs and tokens.  * **FlokiPlaces**: An NFT and merchandise marketplace where users can trade collectibles with FLOKI.  * **University of Floki**: An educational platform that aims to promote crypto literacy through educational content.  * **Floki Trading Bot**: A trading bot within the Floki ecosystem.  * **Floki Staking program**: A staking program within the Floki ecosystem. 

Doritos707

If you paid for it with BTC or if you simply want to make this moment memorable, you can create a SIP-10 or BRC-20 NFT/Inscription, which contains actual Satoshis (usually 10k Sats), and link it with text context to this purchase. It is like a receipt or certificate that will live on Bitcoin forever.

ZenkaiZ

ngl it needs a rebrand cause everyone's autoresponse to hearing NFT now is "HAHAHAHAHA" despite all the money it made. Just repackage the same idea. Be like those people who say "I hate Obamacare but I like the Affordable Care Act"

tupidataba

I think they don't call it NFT anymore, now it's digital collectible.

carsonthecarsinogen

Tory lanes rug pulled me in peak NFT mania 😔 he’s in jail now tho for shooting Meg the stallions foot lmaoo

oflimiteduse

Fucking with shitty NFT's. DMM rug luckily got out with only small loss there

Large-Cow9765

How can he lose money from Crypto? The majority of the ETH he holds came from the NFT sales.

Andyholowitz

I suspect all notable NFT collections will rise alongside the wider market

Timber1791

Buy AI agents that’s gonna be the narrative this bull run. Last bull run was the NFT madness this time it will be AI agents.

InclineDumbbellPress

I gotta say I could care less about the NFT market but reddit avatars are definitely superior

coinfeeds-bot

tldr; The NFT market has experienced a significant surge, with sales reaching $224.5 million, a 16.36% increase. Ethereum remains the leading blockchain with $118.9 million in sales, despite a rise in wash trading. Bitcoin's NFT sales increased by 14.79% to $51.8 million, while Solana saw a 32.12% growth to $21.4 million. Pudgy Penguins led the collection rankings with a 51.53% sales increase to $30 million, expanding into licensing and merchandise. Other notable performers include LilPudgys and Azuki, with substantial sales growth. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

goldyluckinblokchain

NFT mania is coming

boludo4

Well I fucking hope so. I have $10k of stupid NFT’s cuz I’m a regard that all went to basically zero loooolllll

DaRunningdead

He had more exposure in NFT than Bitcoin

f0o1g11

for me, NFT season is all year round

Dedsnotdead

The NFT was a whole other level. Fair point about Btc but it’s always been manipulated, watching the sell and buy walls followed by the fake outs was a real eye opener for me 7-8 years ago. It’s only become more sophisticated since then.

SpacedOutKarmanaut

He also had the Trump NFT grift going. Granted it’s different with BTC but people should be wary of politicians trying to line their own pockets, because they can and will manipulate the market.

turbo5vz

This is the most realistic thing I've seen here said about crypto taxes in a long time. However, most of the advice here tends to be "by the book" where the accountants get a heart attack if every penny of all DEX/De-Fi/NFT transactions are not perfectly tracked in some spreadsheet.

conceiv3d-in-lib3rty

They did this so that they can release a token, which now has the NFT community hyped about an airdrop. That’s what moca means by “You know what this means…”

jawni

Do you want to prove Cardano is as great as you vaguely espoused or do you want to just keep replying like a child? I've been trying to talk about crypto and you're just repeating "You said nothing" and "What crawled up your ass" If you want to keep doing that, I can definitely just block you and never give this a second thought. *But*, I figured when given the chance, you'd be happy to talk in more specificity about the great things Cardano is currently doing. What are the most promising dapps on Cardano? How many users and how much revenue are they generating? How much user and how much revenue is the chain itself generating? Any projects migrating *to* Cardano from other chains? What's the DEX volume? NFT volume?

jawni

This is just the generic shit you can say about any chain. >The guy in charge is cozy with the new administration, which is pro cryto, for what that's worth. He's lobbying for the industry among other experts, shouldn't benefit ADA more than any other coin. >They have taken the slow steady pace, to much criticism right or wrong. I would say wrong, it's created a very stagnant ecosystem that isn't even close to competing with the most active chains currently. When has it ever been relevant because of anything happening onchain? When has it ever had a single impressive onchain stat? Volume? Users? Revenue? (and I specifically mean in production, not testnet or >Their intention is to avoid the pump and dump cycles and build something worthwhile. That is most teams intention, that doesn't make them special at all. >The price/value leaves room for a bigger jump than BTC/ETH under the right circumstance/adoption. again, something you can say about almost anything. >A plus is that ADA its easy to hold, use, and stake to earn passive value. that's the bar for every project, not a selling point. >There is also an active ecosystem with alts that pump from time to time. I don't even know if it would rank in the top 20 of most active chains, it does very little DEX or NFT volume and not much happening outside of that.

ididntsaygoyet

Except the BTC wallet he posted had ZERO activity on them. So he's just doing this for attention, blaming Ledger, when he himself probably clicked on some stupid NFT link that took all his tokens.  I'm sick of these NFT idiots tainting Bitcoin.

Hot_Satisfaction_247

Please don’t forget why we are all here. Profit wise, Solana has been one of the most, if not the most best performing crypto assets for two cycles in a row now. The Mev issue is so overblown, it’s only the ‘research community’ (aka ETH maxis) who write fud threads about this topic. 1. Every chain has Mev problems. 2. If you build a high speed chain it’s going to have more Mev issues. 3. If said chain actually has crazy high volume and isn’t dead like most L2’s then it’s going to have a lot more Mevs. I’ve been trading meme coins on Solana for over 1 year now for 4-8 hours per day and I promise you major on chain mev’ing was an issue for around 2/3 weeks tops because after that every trading bot implemented Mev protection. (I’ve been in the solona community since its launch so I’ve enjoyed all the ups and downs). Even new retail users who use JUP don’t get mev’d. You have to be using some ancient outdated swapping platform to get mev’d. Additionally the irony being the only people complaining about Solana mev issues don’t actually use the chain. Firedancer is set for 2025 and why do they need to rush? They have no real competition volume wise, price wise and user wise so it’s better they take their time and firedancer will launch during this cycle which is perfect timing. Security? the chain has been safe since launch and never exploited or had issues in the community. Slower? Every transaction I submit completes before I can blink + Firedancer be patient. Expensive? It’s fee’s are pennies, i see people trading coins with only a few dollars so for the average retail user this is perfect hence its success. No body wants to pay $100+ on ETH and wait 5 minutes, they don’t want to use some random ETH L2 which is down -80%, has 0 devs, 0 applications, no community just to save a few cents. ETH maxi’s & the research committees biggest issue is middlecurving the results and metrics infront of them and focusing obscure information which has 1% of impact on. Here’s an easy one for you, BTC just hit 100k but yet ETH is down -26% on the year, Arbitrum is down -62% on the year, polygon -70% on the year. But Solana is up 40% on the year, on top of its already insane rally last year. Additional metric, with retail last cycle ETH was fine for typical on chain users & NFT’s but the average user was priced out via gas and had much more annoying experience. Solana founded its community off this flaw. Now present cycle every tik tok user has phantom downloaded and isn’t priced out in anyway and has a fast, simple and smooth UX experience. Seamless integrations with Apple Pay and PayPal. This is the product for the masses infront of us. Many of the things you mentioned do not apply in the slightest to this market. Will Solana be will the ultimate final high speed chain in the very very long term? No body can predict that but given all obvious metrics you can’t argue it’s not clearly cemented in the lead currently.

ReedTheMan

Doge, Solana. Waste my solana during the NFT craze, could win big if holding to it.

TripleDoubleFart

He's going to find even more ways to grift. He already did the NFT trading cards.

CowS_Legend17

The hegend collection truly brings this project to life. These hegends are the lifeblood of the project itself. Part of the NFT sales goes to the marketing wallet for the project and gives the team flexibility on how to best promote. The other part of NFT sales goes to the NFT holders through the dividend payments!

THA_YEAH

>If we remove all the NFT "devs" and we remove token creatir "devs" and leave devs that work on different software and apps then you have a totally different numbers across while Blockchain ecosystem. Same can be said about eth

_Gaspode_

Love the Hegends NFT’s was my first one.

sheltojb

In the US, that's treated as if you sold the BTC for USD, incurring whatever profit or loss is appropriate at that point, and then you bought the USDC with USD. That's how all swaps, including NFT purchases, are treated in the US.