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Current Events > I will soon own the Infinity Gauntlet.

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GaryGensler
04/27/23 8:18:06 PM
#1:


I have 5 out of the 6 stones:

https://i.imgur.com/Ldcy5ma.jpg

https://i.imgur.com/wnWExdX.png

https://i.imgur.com/ldtjzjI.jpg

https://youtu.be/jnOSkB7O2ug

They haven't dropped the Soul Stone yet, but it's coming soon. They've also revealed the Gauntlet:

https://i.imgur.com/tjTYS5G.png

https://i.imgur.com/snos9zp.png

They also indicated that the infinity gauntlet will let you snap your way to airdrops before showing these:

https://i.imgur.com/MI4f61h.png

https://i.imgur.com/KrrkcY3.png

My power level is rising! :D

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#2
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JeDDyD
04/27/23 8:21:00 PM
#3:


Are these NFTs? If so, lol.
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GaryGensler
04/27/23 8:31:12 PM
#4:


This also puts a smile on my face. ^_^

https://i.imgur.com/IOvMyYC.png

https://i.imgur.com/JmauuZp.png

https://i.imgur.com/Tbt8ASZ.png

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GaryGensler
04/28/23 3:48:57 AM
#5:


:-)

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Waddlez
04/28/23 6:37:12 AM
#6:


What is this. I expected Lego

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Rai_Jin
04/28/23 6:40:46 AM
#7:


so what is 690.000 gems in real money?

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GaryGensler
04/28/23 11:53:52 AM
#8:


Rai_Jin posted...
so what is 690.000 gems in real money?



$690

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Dat_Cracka_Jax
04/28/23 11:57:42 AM
#9:


"own"

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Tyranthraxus
04/28/23 12:00:46 PM
#10:


When you been trying to dunk on Disney all week but still buy their nfts

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It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
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GaryGensler
04/28/23 12:02:16 PM
#11:


Everything post Infinity War in the MCU (except No Way Home, which is Sony) deserves to be dunked on. Lmao

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Rai_Jin
04/28/23 12:14:49 PM
#12:


can you sell such a thing for real money, or just buy it?

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AlCalavicci
04/28/23 12:17:40 PM
#13:


GaryGensler posted...
They haven't dropped the Soul Stone yet, but it's coming soon. They've also revealed the Gauntlet:

they are only releasing it to people who sacrifice someone they love

disclaimer: pls don't actually sacrifice anyone, this post is made in jest

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GaryGensler
04/28/23 12:20:32 PM
#14:


Rai_Jin posted...
can you sell such a thing for real money, or just buy it?



Yes, you can. Because of the SEC not doing its job and refusing to write and publish rules on what is and isn't a security for crypto and NFTs, they have to use gems in the app instead of fiat currency.

So currently, 1 gem = $1. However, each licensor has a selling fee (perpetual royalties), and the NFT company takes a small percentage as well. Thus, for example, the selling fee for any Disney stuff (including Star Wars, Pixar, etc.) is 8.5%.

So if I did sell the Eye for $690, I would net $631.35 while $58.65 would go to Disney and the NFT company.

To withdraw that $631.35, they currently charge 10%. So $631.35 becomes $568.22 net, which is the amount that would hit my bank.

The cash out fee is high, because they take a hit from Google and Apple taking something like 30% of every in app gem purchase. But they have their own website now, and they don't have to give them a cut of any gems purchased there. They've said they will eventually reduce the cash out fee, but this is their way to recoup some of that money they give to Google and Apple.

They are also working on implementing crypto to gem to let people buy gems with cryptocurrency as well.

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GaryGensler
04/28/23 6:21:11 PM
#15:


AlCalavicci posted...


they are only releasing it to people who sacrifice someone they love

disclaimer: pls don't actually sacrifice anyone, this post is made in jest


Don't worry. Sacrificing people IRL is against my religion. D:

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DrizztLink
04/28/23 6:22:45 PM
#16:


GaryGensler posted...
So currently, 1 gem = $1. However, each licensor has a selling fee (perpetual royalties), and the NFT company takes a small percentage as well. Thus, for example, the selling fee for any Disney stuff (including Star Wars, Pixar, etc.) is 8.5%.

So if I did sell the Eye for $690, I would net $631.35 while $58.65 would go to Disney and the NFT company.

To withdraw that $631.35, they currently charge 10%. So $631.35 becomes $568.22 net, which is the amount that would hit my bank.
https://i.imgur.com/rC3nBrX.gif

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MarthGoomba
04/28/23 6:29:10 PM
#17:


With fees that absurd how do you even profit


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DrizztLink
04/28/23 6:30:01 PM
#18:


MarthGoomba posted...
With fees that absurd how do you even profit
Somebody's gotta be at the bottom of the pyramid and our boy has bravely volunteered his parents

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MrResetti
04/28/23 6:31:01 PM
#19:


GaryGensler posted...
Yes, you can. Because of the SEC not doing its job and refusing to write and publish rules on what is and isn't a security for crypto and NFTs, they have to use gems in the app instead of fiat currency.

So currently, 1 gem = $1. However, each licensor has a selling fee (perpetual royalties), and the NFT company takes a small percentage as well. Thus, for example, the selling fee for any Disney stuff (including Star Wars, Pixar, etc.) is 8.5%.

So if I did sell the Eye for $690, I would net $631.35 while $58.65 would go to Disney and the NFT company.

To withdraw that $631.35, they currently charge 10%. So $631.35 becomes $568.22 net, which is the amount that would hit my bank.

The cash out fee is high, because they take a hit from Google and Apple taking something like 30% of every in app gem purchase. But they have their own website now, and they don't have to give them a cut of any gems purchased there. They've said they will eventually reduce the cash out fee, but this is their way to recoup some of that money they give to Google and Apple.

They are also working on implementing crypto to gem to let people buy gems with cryptocurrency as well.
Lmao
Tl;dr

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specialkid8
04/28/23 6:40:25 PM
#20:


GaryGensler posted...
Everything post Infinity War in the MCU (except No Way Home, which is Sony) deserves to be dunked on. Lmao
Buying NFTs and defending Sony. Wowza.

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GaryGensler
04/28/23 7:11:10 PM
#21:


MarthGoomba posted...
With fees that absurd how do you even profit



$568.22 is more than the $207 I paid for it, and this is in a bear market lol.

This is the best NFT I own. It's first appearance of Spider-Man and the first Marvel or Disney NFT on any blockchain:

https://i.imgur.com/zaKNYUW.png

I paid 1,599 ($1,599) for it, but I got most of that by flipping other comics. One comic I bought for $7, I sold for $1,000. I then flipped my way up to as much of that 1,599 price as I could and paid $250 out of pocket for the rest. So I really only paid maybe about $275-ish for it. It's limited to 1,000 editions.

After I bought it for 1,599, this is what the price shot up to a few months later:

https://i.imgur.com/XkPlwV1.png

^Floor price of $12,500.00.

In January of 2022, when we were still in a bull market, the floor price shot up to $85,000 and later briefly touched $100,000:

https://i.imgur.com/Tgj3ZzQ.png

Even in this bear market, it's been hovering around $5.5k to about $8k. Not bad for something I paid $275-ish for.

XD

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#22
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Dat_Cracka_Jax
04/28/23 7:56:58 PM
#23:


Someone has to be willing to actually pay that floor price for you to sell it

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GaryGensler
04/28/23 7:57:29 PM
#24:


Dat_Cracka_Jax posted...
Someone has to be willing to actually pay that floor price for you to sell it


It's all on the blockchain, and there are verified sales.

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Dat_Cracka_Jax
04/28/23 9:10:37 PM
#25:


GaryGensler posted...
It's all on the blockchain, and there are verified sales.
So you could find someone to buy any of these given nfts at those floor prices right now if you wanted?

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GaryGensler
04/28/23 9:15:10 PM
#26:


Dat_Cracka_Jax posted...

So you could find someone to buy any of these given nfts at those floor prices right now if you wanted?


Yes, it depends on how patient I am of course for the higher priced items. If I floor the NFT and list it for at or below floor price, it'll probably sell. I just don't know how fast.

There are Twitter bots that track the sales, and they occasionally show the expensive ones being sold. There are whales who have spent hundreds of thousands if not millions of dollars on these NFTs. Some of them hold several hundred of the grail pieces that everyone wants.

I'm not selling anything in this bear market. I don't need the money. I'll wait until at least the next real bull market.

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GaryGensler
04/28/23 9:22:39 PM
#27:


As an example, I just looked at Twitter, and this guy just bought this Walt & Mickey NFT for 2,050 gems ($2,050):

https://i.imgur.com/0khBnIh.png

The company is working on a lot more features for the app that people have been waiting on, so they're still building in this bear market. One of those features is the ability to buy gems with crypto. Once that is implemented, people will be able to spend crypto to buy gems to buy these NFTs. They're also about to start beta testing their metaverse.

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DrizztLink
04/28/23 9:42:03 PM
#28:


GaryGensler posted...
The company is working on a lot more features for the app
Because how else will they drain this well of morons trading nothing back and forth while skimming about twenty percent off the top?

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GaryGensler
04/28/23 9:52:55 PM
#29:


The internet is a fad!

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Heartomaton
04/28/23 10:01:59 PM
#30:


Oh cool. False equivalence.

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Heartomaton for President 2028.
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