After three months and a really bullish crypto market- let’s see how our NFTs are doing since we last bought them! In this experiment, I really don’t care whether they become worthless as I am merely curious about the market.
One of them that I had bought ended up being a rug pull. Rugpulls are basically projects that are scams (in short word form). In more detail; they are simply when someone mints a project but runs away with the money. The project which turned out to be one was; Another Ape.
With the other NFTs I own- most of them haven’t really increased or decreased in value. They have simply just not had much or any activity since. We will make an update post in the future on how it’s going and hopefully I don’t get scammed again!
Crypto’s value can go up and down and is unregulated any advice in this article and the adverts on it should be realized as the value of investments are variable and can go down.
My Ventures into NFTs!
I have also minted my own postcards- they will be minted as Cardano NFT on the JPG.store. The main reason why I’m doing this is to see how the digital world works. You can find my first mint here (it’s listed for 5 ADA since I don’t fully trust the concept yet!).
I don’t think it’ll sell and I really don’t want someone to spend so much on my NFT. Especially since I’m not a big photographer so it’s quite cheap. Plus I’m not really taking this seriously so it’s just a experiment really.
We’ve all heard of NFT – whether you’re for or against them! But most of the people who are against them haven’t experienced them and I wanted to find out. Find out what NFTs really are; how they work, etc. By doing this I’m questioning the ideas that people on both sides think and an attempt to find the truth.
For my first months in NFTs I decided that I would buy these three;
NFT 1. GOAT Tribe GTFO 2021 – 0696
This one stood out to me since I thought it was interesting for a blue goat! It also looks stoned which makes it quite amusing to me- not in a bad way! I love the style of the artwork as well- it’s simple yet it stood out to me!
Pst- it wasn’t the cheapest one on the list of lowest prices! Haha; I’m a student so I can’t afford the big stuff but it looked cool!
Few words… it’s a husky. I love husky’s- instant sell!
Well, I have to say- it’s given me some enjoyment. I feel as if it’s a new digital way to collect art or collectables. Like when there’s a limited edition sale of a certain number of items and you’re one of the only ones who have it. There’s a nice feeling to that! But this post is made too early to show how I really feel about NFTs so we’ll have to wait for the future when I finally explore it enough!
I will be posting once more about this subject and how I feel about the future web3 and meta-modernism which is coming into the present. I want to explore decentraland so expect a post on that! See you all soon!
Psst. if you want to see another nice article- I wrote about the white cube :P! I wonder if I can bring my art history stuff into the metaverse. Hopefully curate an NFT gallery :D!