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Author Topic: NFTs and License Terms  (Read 14513 times)

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« Reply #25 on: January 20, 2022, 13:02 »
+3
Ah, you're assuming I know any more than you!

It's the blind leading the blind here I fear.


« Reply #26 on: January 20, 2022, 14:27 »
+5
It's crazy.  Nowhere on the site does it actually say what you're "buying".  Not in the terms, the FAQ, the help, or anything.

« Reply #27 on: January 20, 2022, 16:15 »
0
I think this is where Gen X gets left behind.

SpaceStockFootage

  • Space, Sci-Fi and Astronomy Related Stock Footage

« Reply #28 on: January 20, 2022, 21:31 »
+4

ShadySue

  • There is a crack in everything

ShadySue

  • There is a crack in everything
« Reply #30 on: January 21, 2022, 05:10 »
+4
I think this is where Gen X gets left behind.
Whereas Baby Boomers can see that the Emperor has No Clothes.


ShadySue

  • There is a crack in everything
« Reply #32 on: January 21, 2022, 11:55 »
+4
https://petapixel.com/2022/01/20/student-becomes-a-millionaire-after-turning-selfies-into-nfts-as-a-joke/
Grief, there's one born every minute.
I suppose the  secret is to exploit their idiocy.

(No-one would pay even 3c for a link to a selfie of me!)

S2D2

« Reply #33 on: January 21, 2022, 13:29 »
+4
https://petapixel.com/2022/01/20/student-becomes-a-millionaire-after-turning-selfies-into-nfts-as-a-joke/
Grief, there's one born every minute.
I suppose the  secret is to exploit their idiocy.

(No-one would pay even 3c for a link to a selfie of me!)

Shutterstock would pay you 10 cents ...

Justanotherphotographer

« Reply #34 on: January 22, 2022, 05:00 »
+1
Pretty geat video breaking down NFTs:

https://www.youtube.com/watch?v=YQ_xWvX1n9g

Around 45 mins in it goes into link rot problems but whole thing is worth a listen

« Reply #35 on: January 22, 2022, 13:31 »
+1
I've spent the day uploading a few images to opensea to see what I could see. I'll report back if there's any interest. I imagine without some kind of well targeted social media campaign there's little point, but you never know.

https://opensea.io/fotoVoyager?tab=created_collections

Hello, fotoVoyager,
I see you have 6 collections for sale.
How many transaction fees in ETH did you pay for the process and how much in total?
I am willing to give it a try but I am still researching the whole thing. Unfortunately most of the people say you have to be active (mostly on Twitter... and I do now have one) and you have to do the marketing, which is way different compared with stock sites.
Thanks in advance!

« Reply #36 on: January 22, 2022, 13:31 »
+3
meanwhile, facebook & instagram are rumored to be setting up an NFT marketplace - the bubble's expanding

« Reply #37 on: January 22, 2022, 13:44 »
0

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #38 on: January 22, 2022, 15:30 »
0
The only way someone can tell if your NFTs are actually from the collection that they appear to be is to click on your profile picture and check the details. Otherwise, a fake BAYC toke (like this one) looks at first glance just like the officially minted one (here). Twitters head of consumer product marketing Justin Taylor says this is on purpose, and that We dont want to limit this to just verified collections, that would be wrong, and non supportive of the broader nft movement. Anyone SHOULD be able to mint anything and make it their nft.

https://www.theverge.com/2022/1/20/22893502/nft-twitter-profile-picture-crypto-wallet-opensea-coinbase-right-click

This is insane! But I suppose instead of pointing out that it's a lunatic investment and people will eventually be angry and hurt, I need to open an account and try to sell some of this non-fungible voodoo.

As some other have posted, I have serious doubt that anyone, anywhere will want ANYTHING that I make.

I joined Open Sea, I created a NFT. Lots of forms and folders, icons and banner and avatar stuff. I don't know, but at least I've had the experience of seeing what the process is like.

https://t.co/pvfwiyslCo

I couldn't see where I could set a price or minimum, so I guess it's all about offers. I was going to start at .006 ETH!
« Last Edit: January 22, 2022, 17:29 by Uncle Pete »

« Reply #39 on: January 22, 2022, 19:20 »
+1
i've been playing with oceansea also, mostly because they eliminate most gas fees you'd otherwise pay - after you upload the image, there's a pricing box on the left - you can choose buy-it or auction and then price it in $ or ETH.  creating collections & NFT is intuitive on opensea, but what's taken me longest is setting up accts - you have to go thru multiple levels of ID verification. - i'm using metamask wallet & coinbase to buy ETH, now waiting for my bank to confirm my purchase, but i'm waiting to be able to tfr it to my wallet (to pay the initiation fee - about .10 ETH)  I'm doing everything on PC since with my tremors, mobile apps are a pain (took me multiple tries to be able to take a decent pic of my driver's license!).  so far tech support has been decent


 the ETH I bot stays the same, but on a purchase off $350, my ETH value has gone down $50 and up $20 in the last day or 2 - it's highly volatile, so crypto's not something I'll be using as an investment. my eqpt/overhead has been low the last 2 years, so I've figured this was worth a try. 


« Reply #40 on: January 23, 2022, 09:29 »
+2
I've spent the day uploading a few images to opensea to see what I could see. I'll report back if there's any interest. I imagine without some kind of well targeted social media campaign there's little point, but you never know.

https://opensea.io/fotoVoyager?tab=created_collections

Hello, fotoVoyager,
I see you have 6 collections for sale.
How many transaction fees in ETH did you pay for the process and how much in total?
I am willing to give it a try but I am still researching the whole thing. Unfortunately most of the people say you have to be active (mostly on Twitter... and I do now have one) and you have to do the marketing, which is way different compared with stock sites.
Thanks in advance!

I minted my images on the Polygon blockchain, so there's no gas fees. There is a 2.5% fee when a NFT is sold though.

« Reply #41 on: January 23, 2022, 11:54 »
0
What I would be interested in and where NFTs would make sense to me is if the contract is written that every time the NFT is resold I get a percentage.

Then it would be interesting to create unique NFTs/images/art and include in the contract everytime a collector resells it I get 30%. or 50%. Or 10%

The money should of course be sent over to me automatically.

Then it would really make sense to create unique images, charge accordingly and if the collectors NFT market really grows, watch my files get resold.

You would basically be avoiding auction houses, galleries etc as intermediaries.

Could also be interesting for unique editorial.

But it needs a marketplace that is professionally run, with real copyright protection.



SpaceStockFootage

  • Space, Sci-Fi and Astronomy Related Stock Footage

« Reply #42 on: January 23, 2022, 13:08 »
0
What I would be interested in and where NFTs would make sense to me is if the contract is written that every time the NFT is resold I get a percentage.

Then it would be interesting to create unique NFTs/images/art and include in the contract everytime a collector resells it I get 30%. or 50%. Or 10%

The money should of course be sent over to me automatically.

Then it would really make sense to create unique images, charge accordingly and if the collectors NFT market really grows, watch my files get resold.

You would basically be avoiding auction houses, galleries etc as intermediaries.

Could also be interesting for unique editorial.

But it needs a marketplace that is professionally run, with real copyright protection.

That's how most of the marketplaces do it... the original author gets 10% of any future sales, so it can amount to several times the original cost of the item. Especially if they increase in value over time. 'With real copyright protection...' would be the thing though. Unless there's something going on that I've not heard about, that doesn't really exist at the moment. The much-vaunted decentralized nature of the blockchain, and the lack of oversight, regulation and middlemen might be a good thing for financial freedom and impartiality... but it means that anybody can easily mint and sell anything, whether it belongs to them or not.

« Reply #43 on: January 23, 2022, 13:43 »
0
also, oceansea has a freeze option where the NFT image itself is stored in blockchain

Justanotherphotographer

« Reply #44 on: January 23, 2022, 15:30 »
+1
What I would be interested in and where NFTs would make sense to me is if the contract is written that every time the NFT is resold I get a percentage.

Then it would be interesting to create unique NFTs/images/art and include in the contract everytime a collector resells it I get 30%. or 50%. Or 10%

The money should of course be sent over to me automatically.

Then it would really make sense to create unique images, charge accordingly and if the collectors NFT market really grows, watch my files get resold.

You would basically be avoiding auction houses, galleries etc as intermediaries.

Could also be interesting for unique editorial.

But it needs a marketplace that is professionally run, with real copyright protection.

That's how most of the marketplaces do it... the original author gets 10% of any future sales, so it can amount to several times the original cost of the item. Especially if they increase in value over time. 'With real copyright protection...' would be the thing though. Unless there's something going on that I've not heard about, that doesn't really exist at the moment. The much-vaunted decentralized nature of the blockchain, and the lack of oversight, regulation and middlemen might be a good thing for financial freedom and impartiality... but it means that anybody can easily mint and sell anything, whether it belongs to them or not.
Apparently that's another thing about NFTs that doesn't quite work as advertised. The resale percentage only makes its way back to the artist if you resell on the same marketplace . That video I posted above was a real eye opener.
« Last Edit: January 23, 2022, 16:20 by Justanotherphotographer »

S2D2

« Reply #45 on: January 25, 2022, 15:15 »
+1
Metaphysical memorabilia anyone?

https://www.bbc.co.uk/news/business-60121538

OM

« Reply #46 on: January 26, 2022, 05:48 »
+1
Metaphysical memorabilia anyone?

https://www.bbc.co.uk/news/business-60121538

Line from that article:

"With some NFTs changing hands for tens of millions of dollars, the value of the market in digital art and collectables is now approaching that of the global art trade."
 Strewth!

« Reply #47 on: January 26, 2022, 06:12 »
+1
I think generally there is a very limited view of the potential of NFTs. It's not just a picture or artwork you put up and sell. Well, it is that, but can also be much more. Much of the utility of NFTs now (apart from the greater fool theory type stuff) is in play to earn games like Axie Infinity and Metawars and a lot of what people consider "bad NFT art" is utilities that people can use in these games to leverage and make more money.

Now I don't have a crystal ball (no one does) and can't predict how the future would pan out but there are many metaverse platforms like Decentraland, Sandbox etc. that are becoming more popular by the day. People are buying virtual land on these gaming platforms for obscene prices. Samsung is setting up a store on Decentraland so gamers can buy virtual mobile phones to use within the game. So it's perhaps not wildly unrealistic for an artist to maybe rent a bit of land (like you would a website) and put up their images for display or for sale. Virtual museums are already a thing and as the tech goes forward, I only see them getting more prominent. So NFTs have an obvious use case here where you could maybe have a virtual exhibition at a gallery with more potential buyers than you would in a physical gallery. So the opportunities are endless and to look at it only from the current (admittedly frustrating) experiences at platforms like opensea or rarible is a bit limited in my opinion.

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #48 on: January 26, 2022, 13:01 »
0
Metaphysical memorabilia anyone?

https://www.bbc.co.uk/news/business-60121538

Line from that article:

"With some NFTs changing hands for tens of millions of dollars, the value of the market in digital art and collectables is now approaching that of the global art trade."
 Strewth!

Yes to both but what still gets me is... "The digital tokens can be thought of as certificates of ownership for virtual or physical assets."

People paying money for a virtual asset.

Are there actually any NFTs for anything physical? When someone wants to resell something, they could sell the item as well as transfer ownership in the digital asset paired with that item. So in effect a NFT tied to a physical item is a digital receipt that can't be altered or tampered with.

Whereas Baby Boomers can see that the Emperor has No Clothes.

But the Emperor has a nice invisible virtual suit?  :)

Here's what one of the sites says, beyond their other erroneous claims, (not a direct quote) you can create a NFT for a family recipe and protect it for generations to come. Sorry but you cannot protect or copyright a recipe. A book of them yes, but a single recipe, no.

SpaceStockFootage

  • Space, Sci-Fi and Astronomy Related Stock Footage

« Reply #49 on: January 26, 2022, 13:22 »
0
Are there actually any NFTs for anything physical?

Beeple sometimes includes physical items with his NFT's... https://niftygateway.com/itemdetail/primary/0xd92e44ac213b9ebda0178e1523cc0ce177b7fa96/2

Most are all just digital but I've heard of quite a few with physical stuff as well.


 

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