NFTs go quietly into the night.
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That's a lot of rookie mistakes to make.
Makes me wonder who actaully did them.
Rigging, Lighting, posing all look like they were done by someone that just started creating still image renders very recently.
If I could get $750 USD / per render for what looks like my first year efforts, I would do it also.
I am dying to know how this happened. The error with the rigging is really obvious to anyone who's used Daz to make custom characters. They have some kind of randomization tool, I think, so is this something where not even the creators saw the final images before minting and so didn't catch the issue?
Who has a randomization tool? And why would it be used to make images for what's supposed to be a high-profile, licensed project? Any of these images should be massaged at least as well as a decent product promo picture, shouldn't it?
We'll never find out what happened or who slipped up or whose decision it was to skimp on allocating resources to quality control. Whoever it was obviously underestimated the complexity of the project and overestimated the capabilities of whatever scripts they used to set up the renders. One German NFT streamer described the drop as being "lovelessly" created, and that pretty much describes the treatment the GoT franchise got with these renders.
The unopened loot boxes are getting changed, and that may fix the hand problem. In the end, the salad fingers cards may end up appreciating in value, simply because they're so distinctively awful. In the meantime, there are a lot of the boxes on the market and they are being sold at a loss. The GoT community seems to be mostly unaware of the NFT thing, as I've yet to see a mention of the drop on either the GoT subreddit or the GoT discord.
If I'm remembering correctly, there's an internal tool Daz used to assemble assets into character portraits for their first NFT drop. NFTs assembled out of random art assets are often generated when the buyer mints them, so even the seller doesn't know what they look like ahead of time. Presumably this would be a lot easier to mess up with 3D models.
And those are good questions! Unfortuantely the answer is usually, "We have to make a thousand or so of these and people will buy them anyway."
I'm just saying, seeing this... my acorn based virtual currency "Wonkles" are still available and despite the ups and downs of the rest of the virtual currency world, they remain as stable as the day I invented them while drunk... they are as worthless as ever, and I'll even customize each one with a reference to whatever TV show or comic book or whatever for absolutely no additional cost other than a tiny 3000% additional sharpie usage fee.
Its a bargain.
Thanks :) Your answer coupled with Sevrin's post above make sense to me.
So, like a video game loot box, only without the video game.
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I'm pretty sure most people buying these early had intentions of reselling them immediately in the hopes of turning a huge profit.
I'm pretty sure that whole 'sold out' message they put out is a lie. You can check the marketplace, whole shop is still filled and only place they transfered to is to their own account.
Daz management is obsessed with this NFT world, even if the whole thing came down months ago. Of the millions and millions of NFT's out there, only a smal percentage sold. And from those that got sold in the past year, nearly all of them have lost all value. They are still put up for sale for big asking prices, but nobody is buying them. All those huge 'success' worth tens of thousands of dollars, are now worth nothing. It's shameful Daz continues to try to revive this dead horse instead of investing in actual art and technology.
I asked this in the GoT thread, but it properly belongs here.
How does one display the NFT (not the crappy image the NFT links to - it's immaterial) such that others will recognize the true value of this expensive collectable? People are not buying or selling the image; they are buying or selling the NFT, so by definition it is the NFT that has value as a collectable item. Any Tom, Dick, or Larry can accumulate a collection of the images themselves at the cost of some wasted time but with no cash outlay. OTOH, it takes real money to accumulate the NFTs (if you can call something made out of thin air and electricity "real money") so how does one display the collection of NFTs? (Again, not the item the NFT links to.)
The original mint did sell out at a floor price of around USD 150 within 7 hours. Some were flipped for a profit that same day. At that point, no one knew what was inside the boxes. What you see now is the secondary market. The current average selling price is around USD 66 now that people know about the content of the boxes.
Game of Thrones: The North Series I Hero Box NFT tracker, sales volume, floor values, price charts, rarity (cryptoslam.io)
I am wondering what the PA's that are listed as contributors do think about how their assets have been used - or would "abused" be the correct term, given the quality of the NFT's
one who has posted in the thread in the commons seems happy enough
Most PAs stuff has been used in stuff a lot more distasteful than NFTs are.
Get past the finance articles that point out the values have dropped 60% in August, 88% in October and 97% in December and there are reporters still saying the NFT value drop is good because they foresee this can cause the asset value skyrocket to even higher values in the next few years when demand comes back. Check any NFT blog on any site that sells crypto if you don't believe me.
There were many dinosaurs who thought the Chicxulub asteroid was a really good thing because the resultant earthquakes, tsunamis, firestorms, volcanoes, and suffocating ash clouds would cause the value of Jurassic real estate to skyrocket during the post asteroid phase... they were partly correct... a huge portion of the planet's crust was blown out into the stratosphere... and 66,157,913 years later some of that real estate is actually more valuable then back then... So I suppose anything is possible.
But yeah, NFT blogs are really funny to read.
This stuff only has value as long as people believe it has value. And people will only pay attention to crypto content creators as long as they think it's a cool thing to do, and so boosterism is to be expected.
However, this particular NFT collection rubbed a lot of people the wrong way, and, while it was recovering a little bit it's not doing so great right now.
Game of Thrones: The North Series I Hero Box NFT tracker, sales volume, floor values, price charts, rarity (cryptoslam.io)
I wonder if Daz and Nifty will follow through with all the other sets they had planned to release in the future. I would think that prople would be less likely to buy, now that they've seen what they get.
I keep waiting for the GOT ad to roll off the rotating banner, but it is annoyingly stuck there.
Adblock Plus (Firefox) took care of that for me....
This got shoveled under in the gold rush and so a lot of people don't realize why, exactly, NFTs were supposed to be collector's items or appreciate in value, but the short version is that it's entirely dependent on the belief that the metaverse will be a thing. When we all own virtual property online and more or less live inside the internet, won't you feel silly if you weren't one of the savvy investors who saw it coming and bought a genuine [soon-to-be-metaverse-famous artist] NFT to display on your virtual walls at the bargain introductory price of your life savings? Better jump on it now!
That's it. That was the whole thing. That's why there were NFT projects pushing hard to sell virtual real estate, too, and a general arms race among companies to try to be the one to build the Actual Metaverse (very decentralized of them!). Unfortunately, it turns out that most of us can't afford actual houses to live in for $200k, let alone a fake one in an ugly Second Life knockoff made by someone who somehow genuinely missed that modern MMOs already exist.
You buy this and parade around in public until someone compliments your fine taste in art and prudent investment strategies?
They are also available as backpacks... presumably for small children who enjoy investing in a volatile crypto content?
And apparently there are "special" picture frames too...
Basically digital picture frames with the distinction of being marketed specifically for NFTs, because if you are discerning enough to understand why an NFT is a prudent investment, you are discerning enough not to question why an ordinary digital picture frame should cost more because it's being marketed for use with NFTs.
you, sir, slay me.
When you see acronyms replace words, run away.
I think NFTs was a good direction to move into a couple years ago, when you had upside potential guided by a few anecdotal success stories to drive interest. But now have loads of loss stories that drown interest. But, if you're a company that invested anything into it, you may as well see it through.
Hahahaha. No NFTs are dead because it was and always has been a bad concept, not because of bad stories. The problem is people who put money into it refuse to listen to this, because they've got gambling brain, which is an actual psychological problem.
People, who didn't understand the concept but wanted to show they were on the bleeding edge, were afraid that they would miss out on getting rich...
Closing this as it is clearly serving no useful purpose.