Poll of the Day > How do I make an NFT?

(+) Yeah! (+)

I have an idea for an NFT set of pictures, but I don't know how to generate the 1.21 gigawatts of electricity needed to produce the blockchain... or what a blockchain is

Dude, I was just talking to someone about that. I draw like a motherfucker. If only I knew enough to get into this craze!

https://gamefaqs.gamespot.com/a/user_image/9/0/2/AAckHXAAC5R2.jpg

https://gamefaqs.gamespot.com/a/user_image/8/2/7/AAckHXAACxsT.jpg

I cant show that Cat In The Hat without the pen in the way without getting flagged. But he has been blessed.

HornedLion posted...

Dude, I was just talking to someone about that. I draw like a motherfucker. If only I knew enough to get into this craze!

https://gamefaqs.gamespot.com/a/user_image/9/0/2/AAckHXAAC5R2.jpg

https://gamefaqs.gamespot.com/a/user_image/8/2/7/AAckHXAACxsT.jpg

I cant show that Cat In The Hat without the pen in the way without getting flagged. But he has been blessed.

that face is very vogue - quite stylin

A little research into what chain you want to publish to, and potentially a lot of minting and transaction fees.

IronBornCorps posted...

and potentially a lot of minting and transaction fees.

nay, I am under the impression that NFTs are a scam - and the best way to exploit a scam is to be one of the producers. If I am buying in, I've already lost.

What exactly can be produced for free that others would pay money for in any sector?

Even drawing on a piece of paper requires paper and pen.

Are creating NFT's as accessable? No.

Is the platform growing, leading to a bigger global pool of a potential buyers than whomever is in your current network to sell your drawing? Probable, but I don't know your network.

step 1 is to have a really great idea, like 'apes wearing different clothing' or 'birds with funny eyeballs'

IronBornCorps posted...

What exactly can be produced for free that others would pay money for in any sector?

Even drawing on a piece of paper requires paper and pen.

Are creating NFT's as accessable? No.

Is the platform growing, leading to a bigger global pool of a potential buyers than whomever is in your current network to sell your drawing? Probable, but I don't know your network.

true, but the idea is to infiltrate the system - be the one taking IN the transaction fees

https://gamefaqs.gamespot.com/a/user_image/9/9/1/AAQwHjAAC5TP.jpg

https://gamefaqs.gamespot.com/a/user_image/9/8/9/AAA4MKAABaVF.jpg

No one is really "taking in" most of the transaction fees, that's kind of the point of decentralized tech. How much goes to miners kind of varies by chain, but many burn (sent to address 0, which is an invalid address that no one has access too) the tokens to cover the cost of computing power required. If the protocol didn't charge a fee to execute a transaction (which are not limited to financial or ecommerce transactions) they someone could run a function with an infinite loop and tax the network forever.

I think it's interesting people refer to it as a pyramid scheme, when there really isn't anyone at the top. The rich and certain institutions just got involved before the general population at this point. I mean should we really listen to JP Morgan CEO tell us the whole thing is a scam, when it's direct completion to centralized banking entities like Chase?

This NFT craze right now is the high end art sector getting into the tech. It was a rich person who paid 500k for a Cyber Punk, Lazy Ape, ect.. and influenced their other rich art collecting friends of their value.

"lol right click"
https://gamefaqs.gamespot.com/a/user_image/9/9/3/AAYJGPAAC5TR.jpg

guess that makes the Mona Lisa worthless? It's art and it's value has always been subjective, and what the buyer is willing to pay.

The art exists independent of the technology tho...

And I don't think it's a pyramid or ponzi scheme, just a collectors scam... kinda like Pet Rocks or Beanie Babies

Lokarin posted...

The art exists independent of the technology tho...

That's fair, but like it or not, Blockchain tech is going to stay around as long as the internet exists at this point. It's really just a way of storing data in a trustless way. Blockchain provides a transparent and easily verifiable way to have true control of digital assets you own.

Historically I understand that if you bought something on say...the Wii eShop for a digital game, those servers are pretty much shut down, and those purchases are not compatible with The Switch. What if all digital Nintendo games were NFT's and could be stored on a flash drive and could play on any device that has the Nintendo App installed. Said flash drive could also support games for the Microsoft or Sony app at the same time, since it would really only be storing the key of ownership. This key could also be sent to another wallet.

How much Microsoft / Sony / Nintendo charge for access to said app, or if Ubisoft or EA decide to make their own app isn't really at the fault of tech is it?

We can have the physical vs digital media argument if you want. One you can't hold in your hand, the other creates landfills of plastic and metal waste after what? 3-4 generations with TV? Unless you kept and have room for every TV you have ever owned.

IronBornCorps posted...

What if all digital Nintendo games were NFT's and could be stored on a flash drive and could play on any device that has the Nintendo App installed. Said flash drive could also support games for the Microsoft or Sony app at the same time, since it would really only be storing the key of ownership. This key could also be sent to another wallet.

this doesnt actually solve anything though ...

1. nintendo would still have to do the same amount of work to make their emulators run on the new consoles
2. nintendo could just stop honoring the nft whenever they wanted to. there's no legal difference between an nft and any other kind of digital purchase
3. nintendo could just do this with their central servers if they wanted to, and it would be more efficient than decentralizing it across a blockchain. your nintendo.com purchases are already visible, they could make those purchases apply to all their consoles anyway.
4. they have no incentive to actually do this. why the hell would nintendo want to make it easier to trade and resell games

this thing blockchain advocates do where they treat social problems as if they were technical problems that cryptocurrency solves is really befuddling to me

nft advocates be like what if you could own a game and download it from the internet

The Mona Lisa basically looks exactly like some dumb palette swapped ape!!!

chelsea_wtf posted...

treat social problems as if they were technical problems

TBF, aside from the blockchain part, I think this has been going on since "Web 2.0". This is why I hate being a developer now. I've realized like 90% of tech companies just solve some minor problem, or solve some old problem in a new way, and they're only "good" jobs because VC firms still love pumping money into them for some reason. Somehow Web 3.0 people have found a way to be even more useless though

chelsea_wtf posted...

this doesnt actually solve anything though ...
1. nintendo would still have to do the same amount of work to make their emulators run on the new consoles
2. nintendo could just stop honoring the nft whenever they wanted to. there's no legal difference between an nft and any other kind of digital purchase
3. nintendo could just do this with their central servers if they wanted to, and it would be more efficient than decentralizing it across a blockchain. your nintendo.com purchases are already visible, they could make those purchases apply to all their consoles anyway.
4. they have no incentive to actually do this. why the hell would nintendo want to make it easier to trade and resell games
this thing blockchain advocates do where they take a non-technical problem and pretend its a technical problem that cryptocurrecny solves is really befuddling to me

1. In this business model, dedicated hardware for running the game is no longer necessary. the chain itself is a virtual machine, games/tokens would only need to be compliant with any other asset that can be transferred on the same chain. Graphics are bottle necked by the available hash however.
2. Not if the App is also on the chain. A double edged sword of the blockchain is that is append only, meaning once something is written to a verified block, it can't be changed. This is also why updates are so slow in the sector. All of the biggest apps are reviewed for years before deployed, and updates are really just a new version of the app that co-exists with the older one.
3. Yes, but if Nintendo's servers are ever taken down or breached, that sucks. Plus lets not pretend Nintendo has Microsoft money to host this kind of service.
4. I never said anything about resale, a lot of different functions could be programmed into these tokens, such as lend vs. pass ownership. Certain functions could be programmed that only the App owner can execute (most commonly in Mint functions currently). Tokens could in theory could be enabled for private resale with Nintendo getting say 5% of all changes in ownership. This could combat piracy since any forged token would have to have the same function to operate the same way, so Nintendo could get a piece of even pirated copies of their games. All while providing a second hand gaming market to consumers without middle companies such as Game Stop involved. Admittingly this is probably like 10-20 years away at earliest. It's a pretty broad generalization to say there is NO incentive to this model though.

What exactly is non-technical about the future of gaming though? Gaming has always been a vessel for new and emerging technology.

Just say that you're hoping to flip a quick buck

CoorsLight posted...

Just say that you're hoping to flip a quick buck

Spend money to make money in this case, and it's very risky. You aren't making money on NFT if your art doesn't sell.

IronBornCorps posted...

Not if the App is also on the chain.

what would that actually mean? the entire source code for the application is on-chain? some executable version of the app is entirely on-chain? or something different?

I guess the most upfront option and fastest to publish is probably OpenSea. It charges you to upload to the platform. Your NFT however doesn't get deployed to the chain until someone buys it, and then fees are taken from sale price, as well as some kind of commission to OpenSea for hosting the asset during the selling process. Probably some growing pains, but isn't all art pain?"

chelsea_wtf posted...

what would that actually mean? the entire source code for the application is on-chain? some executable version of the app is entirely on-chain? or something different?

the entire source code.

I also totally agree Web 3.0 is the newest buzzword.

well, my NFT idea was rocks... I'd take photos of rocks.

The idea is the bulk of the photos would be commons, like a variety of simple gravels, granites, limestone - but you could get rare rock pics, too; Super Rares like Geode Amethyst, even Ultra Rares like Bismuth...

The idea of selling rocks is a gag on the Pet Rock, and I thought it was apt to the NFT market since technically no rock is the same. Get two minerals of the same size, dimensions and mass and they will still not be the same... everyone would legit get a 100% unique rock pic, even if multiple people roll low and get, like, basalt.

IronBornCorps posted...

the entire source code.

ok. i think it would be cool if nintendo made their emulator source code and old games publically available too. im not sure i buy the argument that blockchains incentivize them to do that or makes it easier in any way, though

Lokarin posted...

well, my NFT idea was rocks... I'd take photos of rocks.

The idea is the bulk of the photos would be commons, like a variety of simple gravels, granites, limestone - but you could get rare rock pics, too; Super Rares like Geode Amethyst, even Ultra Rares like Bismuth...

The idea of selling rocks is a gag on the Pet Rock, and I thought it was apt to the NFT market since technically no rock is the same. Get two minerals of the same size, dimensions and mass and they will still not be the same... everyone would legit get a 100% unique rock pic, even if multiple people roll low and get, like, basalt.

do you have a rock tumbling kit? theyre a lot of fun and they could help you make some cool rare rocks