NFTs are Funk

"Dissimilar: I'm neither an NFT professional nor an NFT project manager. Everything I write here is something that I think about NFTs. I believe that no one should take seriously what I think of NFT. But I would be grateful if you could point out my mistakes. Because I want to talk about the pros and cons of NFTs in my way."

31st January 2022, Monday.

"Bear market is tolerable till you don't need money from it. Just like I'm in trouble spending it. Because the price resisting me to convert a single satoshi, haha."

"NFTs are FUNK" I've put two sentences together here. Firstly NFTs are FUN! Secondly, NFTs are Fu*k.

NFTs are so fun. Previously, there was no way to digitally sell an image by drawing it. But it is now possible with cryptocurrency or digital currency. I came to understand the value of NFTs as a graphic designer. Although I have not yet tried to sell any of my digital images via NFT. Because you probably know that to sell an image as NFT you need more than one image at a time (around 1k is enough).

Various websites including Opensea, Oasis, and many more are currently trading NFT. Where different live auctions, different NFTs are being bought and sold at fixed prices. NFT category has rare, common, most rare, which are different prices depending on the image. But the question is,

"How much should a Most Rare NFT cost?"

Thrones Queen, cattos, Unforgotten Lads, Lambo, apes most of NFT mint price is under 0.05 BCH per NFT. Meanwhile, a common NFT can be sold with up to 2x-3x profit. Other hand a rare NFT can be sold with up to 10x-20x profit. It's natural and happens with everyone. But the rarest NFT can be sold with 500x profit. I mean, if you mint or win the rarest NFT by auction with 0.05 BCH you can be sold out with up to 5-6 BCH. Which is about 500x-600x profit. 500x-600x Profit Although I have exaggerated it a lot, usually it's very rare to get this much profit from the rarest NFT. There is a Big But!

How to get 3000x to 4000x more profit from an NFT? This guy sold out one Ape NFT on ETH network with 175.00 ETH. Could you believe it? Wait, it's not ended here. See another one below.

This queen sold out with 10 BCH!!

That's insane, but I'm telling you why and how. (That's the mean thought I wanted to tell you). Now see another one.

This Wojak NFT is another exam of the savage NFT market. As you can see the time this token listed on oasis is 8:05 PM and sold out at 8:05 PM. That means sold out in nanoseconds.

The mystery of ape NFTs:

You may have seen apes NFT in a post on Neymar's Facebook. Neymar bought that NFT for millions of dollars. Now you may be thinking that apes NFT is very valuable, if you have an apes NFT then maybe in the future you can earn millions of dollars from it. Just think of this as an exception. Why is Neymar attracted to the NFT project?

Even Neymar attach those apes with his Facebook avatar. Now listen! It's just a business. Naymer join a club associated with NFT. He bought this nft with 1.1 Million dollars. The main fact, he shows the fake value of NFT. Actually he promote this club and bored apes NFTs

The mystery of Thrones Queen:

There is a Bitcoin Cash enthusiast who has a YouTube channel. He occasionally makes some videos about NFT. Although he doesn't have many subscribers, his videos get good views.

Yeah, Dinopawnz. Man! I love his all videos especially on NFTs which are on SmartBCH. He loves to spread BitcoinCash awareness through his channel.

One thing do you know? He gets NFT, a queen of #23 Rank among thrones queens. Which he sells at a maximum price of 10 BCH. No one could get close to that price. However, no Queen has been sold so far in Rank 9-22. When the lower ranks are so expensive, most will want to sell before the arrival of the king. But no one sold!

One thing I can guess, this is market strategy! He has a youtube channel, for promoting their NFTs, attracting buyers, 10 BCH is simple. Meanwhile, they will get or trade more than 300 BCH.

Savage Wojak NFTs :

Sorry for calling it savage, but their NFTs are really cool, I love their every art. They released NFTs today. Just one thing that feels me "Wojak NFTs are savage" you can see in the image up.

You and I can't sell one NFT at 26.9 BCH in one minute. But someone did it. Yaaaaaa! Buy a wajak NFT, it can give you 1 BCH, 2 BCH, 3 BCH woohoo.

So funny!

I probably did a lot of slander instead of praising NFT. For which I am very sorry. But some things make NFT projects so much fun. Suppose an NFT of a stone was sold for 3 1.3 million a few days ago. A picture of stone sold for 1.3 Million dollars. Can you believe it?

After seeing it, That was the condition of the art of the MonaLisa

Come on! Never mind that I am opposed to the NFT. But the mind games that are being played in the name of NFT are frustrating. Yes! These promote NFT markets quite well, but aren't you cheating people?

NFT market is full of gambling. One thing to keep in mind is that in the beginning, you get some profit but later on the gamblers win.

Again, I repeat, everything I have written here is based entirely on my own opinion. If there is any mistake in my writing, or if there is any mistake, in my opinion, your comment in the comment box is very important. And if you like the article, be sure to like and subscribe.