Don’t be fighting this trend. It will overwhelm those who resist it. I’ll tell you right now, this is the wave of the future, like it or not. It is so effing mainstream that they are making a Broadway musical about it, and then there are these youtube videos, hilarious but true.
Soon, the blockchain will be overcome, and prices will go down for trades. That’s a fact, very much underlined in history. It’s at that point that you want to already be positioned in the marketplace, and you don’t want to pay the going price for initialization when the price of Ethereum has gone through the roof.
Pay the price now and get it over with. It’s gonna cost ya about $200.00 bucks to get set up to create, buy and sell this shit, so get on it now, while you still can.
Want to collect Ethereum coins?
No problem. Get a MetaMask Wallet and, for about $2500.00, you can buy one single Ethereum.
Or you could do it the safe and easy way — put your art up for sale, on an exchange where everybody deals and trades in Ethereum-based artwork NFTs, and collect them that way.
At this point, most people who even know anything at all about NFTs will probably think that it’s some sort of trade coin or token, like bitcoin and Ethereum, but it isn’t.
It doesn’t have a specific dollar value.
You can’t trade it back automatically for what you paid, and that artwork may or may not follow the money — it depends on the artist’s popularity and the scarcity and desirability of the artwork on the token.
You can’t trade your NFT for U.S. Dollars, but you can sell the NFT and trade the resulting Ethereum for U.S. Dollars.
Right now, you can buy an art gallery on opensea.io for about $200.00, which might just barely pay the gas fee for the initialization of your OpenSea account.
Of course, if you don’t have enough gas to power your trade all the way through, it fails, and the miners keep your money.
You can lose hundreds just by not betting enough money or underestimating your cap limit, because the traders keep your gas fee, even if the trade fails.
You need to decide how much to risk on the gas fee for the trade, and there are tools for that very purpose, the gas estimator, for one.
Another thing — be aware that if I put up cheapo pieces, it’s for you, not for the general public.
When the public starts hitting my pages, I’ll have to stop playing around and price the stuff accordingly. Fair warning. My prices WILL go up.
I’ve put several NFTs up that are very important to our work community. The prices for those are in the millions, with the hope that someone will come along and regard that as a call for a massive donation so we can build our Healing Ashram and establish ashrams in other countries.
We can do this together.
Think of your OpenSea account as an art and collectibles gallery. Or if you produce music, think of it as a showroom for your music releases. You can ship music on a wallet card, or make it available for download.
Buying a NFT from a band is one interesting and potentially profitable way of supporting your favorite band.
The NFT is also a terrific way to introduce your sculpture, ceramics, furniture or accessories, because it lends itself to good photography and lighting.
Jewelry is a great subject, and I’ll be bringing those things in as I am able. Also, antiquities are a very juicy subject, and I have several thousand photographs of rare and unusual objects of daily use, mostly from Egypt, Rome and Babylon, my old haunts.
Rare photos are also a good subject, but they must have universal appeal. Something for which YOU have emotional attachment may not sell to the general public at large.
You need to find something both personal and galactic.
It can be done, but it needs development, and the marketplace is the best feedback device you could possibly use for this work-effort.
Now, keep in mind that the process itself actually propels the change. There is a personal transformation ahead for you if you persist. Guaranteed.
My whole point tonight is the fact that cryptocurrency has not only gone mainstream, but it’s gone big-time.
There are dozens of industries emerging from this bitcoin madness. The Greed Factor lives in the fact that there’s money to be made, and even bigger money in those $69 million dollar NFTs that everyone’s making and selling like hotcakes.
First of all, none of that is true. Secondly, you couldn’t do anything about it if if were. What you CAN do is get your NFT gallery open before it costs too much to even think about doing.
That means today or tomorrow. There is no time to waste. And of COURSE there’s going to be a crash — there always is — but after that, people will sort it all out and it will continue to dominate the financial scene for decades to come.
Meanwhile, YOU will have jumped in before it’s so expensive that nobody goes the professional trader route.
But that’s exactly the path I’m indicating right now. And your life will change as a result. Remember later on that I never said “for the better”.
Actually, you can make millions, if you’re smart, honest and lucky as Hell. Most folks are none of that and, although they get along okay, they never seem to get ahead.
Here’s a crack in the armor.
You have an opportunity to create intensely valuable digital collectibles. Take the chance and try. At least you have as good a chance as anyone, but not trying at all, guarantees you lose.
- So what does it take to get started?
- How do you create a NFT?
- How do you price your NFTs?
- How do you execute the trades?
- What sort of stuff should you put up for sale?
- How do you get your money out?
- How should you promote your NFTs?
- Is there a God?
- How far is the Afterlife from midtown Manhattan?
- Will this wind be so mighty?
Those are all going to become important questions, except perhaps for the last three. There’s a lot to explore, a lot to learn, and ALL of it will be unfamiliar not only to you, but to anyone you might ask.
I’m not kidding, even money managers and financial wizards don’t actually really really know what a NFT is and what it isn’t.
Nobody seems to care. People are minting what they think is money. Actually, it’s artwork that is priced according to the current popularity of the artist.
In the case of Elvis or Bill Gates or Rachel Maddow, that goes double. Any artwork that’s signed and authorized by Dolly Parton will sell for charity like hotcakes, and the same for Kurt Cobain, but like most celebrities — alive, he’s worthless.
If you can convince yourself that this NFT thing is really happening, you’ll do all right. It’s at the point where you realize that EVERYONE is talking about NFTs that you’ll finally maybe lift yourself out of that couch and look under the cushions yourself for your Cheetos.
See You At The Top!!!
gorby