TopShot and other NFTs Part II: Electric Boondoggle

No money in Topshot, everyone’s solid.

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cliffs of the last 2 weeks:








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packs could still be +EV but they’re selling 2.5 million or something, right? that’ll change some dynamics

This pack is still +ev I think but the market has been going down. Some of these commons are going for $7 right now and it will interesting to see what happens when all the cards from this drop flood the market.

me: i’m just gonna hodl what i got and buy packs when i can get them

me, 10x a day: [checks the current price of my most valuable cards]

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The experimental NFT from Lawnmower Labs is live on the Wax blockchain. (I think) you will need a Wax wallet to receive them. PM your wallet address and serial number request if you have one (limited to #101)*. If you don’t request a serial I will send the best available.

*Here is the list of serials that are taken:

1, 2, 3, 4, 5, 6, 7, 12, 19, 20, 27, 69

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Done. Now explain how the hell you did that.

You are now the proud owner of the priceless Hierocosmic Cryptorb “Aureus Eternus” #3 in black void from the Primordial series.

Which part?

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When do the lawnmower pax drop?

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How did you create your own NFT?

When this is worth $1 million someday, I will tell the story of how I acquired this token for free on a message board!

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My amazing beautiful #3 lawnmower NFT, now listed for sale for $1,000,000 on wax. Serious offers only!

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It’s pretty simple. On AtomicHub at the top there’s an “NFT Creator” button. I screwed up the first run not understanding that I needed to create a template to generate the automatic serials in the minting. So there was an earlier series without proper serials that preceded this but those have been destroyed. I recommend reading the article they suggest from pink.network.

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My cut would be $150,000 so I’m rooting for you.

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Sir, we are in beta.

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Damn this is lit :fire:

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Has the porn industry not entered the NFT market yet?

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Serious answer is this is a test run for the minting and distribution process. Think of it like Cryptokitties to the UP Shot that’s coming. I still have quite a bit of editing and rendering to do on Series 1 of UP Shot though, so it’s going to take a while. I’m also trying to gauge interest to (1) get an idea of how many moments I need to create and (2) get a list of Wax addresses to transfer to now so it’s not a giant cluterfuck when I’m ready to drop.

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FYI: If you decide to buy Wax, I’d advise not using the crypto converter service if you plan to use something that has insane fees right now (e.g., BTC). I didn’t realize it at first but it looks like I paid double network xfer fees and then another 2% to Wax off the top. You have to “buy RAM” with Wax in order to do things like mint a significant number of new tokens.

It would be tough for me to characterize NFTs as anything other than a fee-generating racket currently. I mean, the problem isn’t the fact there are fees–I actually think it’s better than leaving the user to figure out gas prices and such. The problem is that they’re ridiculously high given that they’re uncapped which I think everyone here is acutely aware of from Top Shot.

At first I wondered why most of the collection fees for popular assets were 6% when the default value is 5%, but then I realized it’s because it adds up to an even 10% with the house fees added. When you sell or auction an NFT on Wax, the fee structure looks like this:

Collection fee: 0% to 15% (this goes to the asset creator)
Marketplace fee: 2%
Tokenomics fee: 2%

I set my collection fee on Cryptorbs to the maximum 15% because LOL that’s why (it should also encourage people to HODL and be tRuE cOlLeCtOrS). So when meb sells #3 for $1,000,000.00, that’s $150k to me and $40k to mp / tokenomics. I can actually do that though since I own the IP.

The collection fee for UP Shot will be 0% since it’s parody built on content I don’t own and not intended to produce any revenue. However, if someone was able to make a sale, it would still incur the 4% Wax fees afaict. I’m not sure what that might mean legally and also don’t care to find out. So instead of selling, we can do trades which I think might be the best way to have a marketplace. For example, I could just mint some Sklansky bucks and transfer them to your accounts.

You can apply to have original art whitelisted on the site, but it needs to be provably original content and has some other restrictions like this one:

Political Content

As a general rule, we don’t whitelist collections whose main theme is political. We do this because we want to keep the process as objective as possible.

And these:

Fanart

We allow fanart, but it needs to be visible that its not official. If anyone could interpret it as official content, we cant whitelist it

NSFW

Pure porn is forbidden but we allow nsfw content. If you apply for whitelisting please add that you want to be marked as NSFW which will blur all images unless you have enabled it in your settings

Royalty Free / Stock Images

We dont whitelist non original content. If you art is copied from somewhere else, we wont whitelist it even if you have all rights to upload it. We only whitelist content which is original or is part of a bigger project like a game

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after it was about to go to total shit–all the paid for media attention again so back to rocketships