2 ms·

You could put it up for a timed auction on OpenSea, that announces to others that you're looking to sell. Also if the ownership of your house was determined vi

You could put it up for a timed auction on OpenSea, that announces to others that you're looking to sell. Also if the ownership of your house was determined via an NFT (in 5-10 years that might not be that uncommon), I'm sure you'd get a much higher bid for it on something like OpenSea also (assuming it was part of a collection that people knew to look for, at least. If you just mint the NFT yourself people might not discover it). If it were legit and NFTs were more mainstream you'd probably get bids close to, or possibly more than) what it's worth. The $2.9 million for the tweet was just a stupid purchase to begin with by someone with more money than sense, like someone paying $1.5 million for a sealed copy of Super Mario 64 back in July 2021[1]. [1] https://kotaku.com/a-sealed-copy-of-super-mario-64-just-sold-at-auction-fo-1847269269 https://kotaku.com/a-sealed-copy-of-super-mario-64-just-sold... EDIT: For those who doubt the housing claim, I just happened to have a twitter post shared with me just now that someone sold an NFT that grants ownership of their house in South Carolina for $175k over the past weekend[2]. So NFTs are still selling for good prices if there's something of proven worth behind it, like real estate. [2]: https://twitter.com/rusty_bill/status/1582098885933027328?s=46&t=1Igh8BUp4RnudTfReDMJNA https://twitter.com/rusty_bill/status/1582098885933027328?s=...

warrenm 4y ago
That's pretty interesting on the NFT-backed-by-real-estate bit I RT'd with the following comment: "I don't know how "awesome" this is ... but keeping real estate records on #blockchain is close to the only sane use of the technology"
- cableshaft 4y ago
  That was the original use case for NFTs (replacing paperwork as a record of ownership of something tangible), and what I remember people saying they could be used for when it was still just a concept yet to be implemented, way back when they were just called 'colored coins' and not NFTs. It's still the most reasonable thing to me, or maybe signifying ownership of digital content (for a reasonable price), like owning a digital weapon in Warcraft you could sell to someone else via an NFT marketplace. People just found some easy money with the PFP (profile pic) NFTs, started treating them like Pokemon cards, and prices got insane and stupid for a while. Hopefully that more or less goes away and things will be sold for prices similar to what it should really be worth again (I don't mind paying $5-10 to say I 'own' a cool profile pic, for example, but $250k+ is insane).
  - warrenm 4y ago
    >I don't mind paying $5-10 to say I 'own' a cool profile pic, for example I'm with you on this - I don't mind spending a "little" to say I "own" some digital asset I've bought services on Fiverr and the like wherein I not only get the output of the purchase, but rights to using the output in derivative forms Likewise, I've paid the extra couple bucks to get the copyright release when purchasing photo shoots of my family But with the background of DMCA, etc...I'm not even sure it makes [economic] sense to say you "own" some relatively-cheap NFT-based digital "asset"

warrenm 4y ago

That's pretty interesting on the NFT-backed-by-real-estate bit I RT'd with the following comment: "I don't know how "awesome" this is ... but keeping real estate records on #blockchain is close to the only sane use of the technology"

cableshaft 4y ago
That was the original use case for NFTs (replacing paperwork as a record of ownership of something tangible), and what I remember people saying they could be used for when it was still just a concept yet to be implemented, way back when they were just called 'colored coins' and not NFTs. It's still the most reasonable thing to me, or maybe signifying ownership of digital content (for a reasonable price), like owning a digital weapon in Warcraft you could sell to someone else via an NFT marketplace. People just found some easy money with the PFP (profile pic) NFTs, started treating them like Pokemon cards, and prices got insane and stupid for a while. Hopefully that more or less goes away and things will be sold for prices similar to what it should really be worth again (I don't mind paying $5-10 to say I 'own' a cool profile pic, for example, but $250k+ is insane).
- warrenm 4y ago
  >I don't mind paying $5-10 to say I 'own' a cool profile pic, for example I'm with you on this - I don't mind spending a "little" to say I "own" some digital asset I've bought services on Fiverr and the like wherein I not only get the output of the purchase, but rights to using the output in derivative forms Likewise, I've paid the extra couple bucks to get the copyright release when purchasing photo shoots of my family But with the background of DMCA, etc...I'm not even sure it makes [economic] sense to say you "own" some relatively-cheap NFT-based digital "asset"