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Digital collectibles on Instagram is winding down

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Re: Digital collectibles on Instagram is winding down

#3
Sorry for the off-topic.

This whole NFT debacle would be fun for me if it didn't cost me a dear friend; he's been working full-time on his "collection" for almost two years now, convinced he's "just around the corner of making millions" out of it when it's obvious the ship has long sailed. I guess there's more to it than just NFT craze, and he's probably struggling with other things, but his new "know-it-all NFT bro" persona makes it impossible to even approach him with a normal conversation.

Weird rant, I know. I simply don't know what to do anymore.

Re: Digital collectibles on Instagram is winding down

#4
What's interesting here is that it's not really affecting the perception of people who believe in web3.

As someone who's working on a decentralized product, I speak with nft creators and collectors every day. They see this as a confirmation that Meta wasn't really in. There was also a perception that Polygon NFTs aren't as valuable.

Interestingly, Reddit has managed to sell Polygon based profile pictures fine, and there is a healthy market for their avatars.

Re: Digital collectibles on Instagram is winding down

#6
post #4

What's interesting here is that it's not really affecting the perception of people who believe in web3. As someone who's working on a decentralized product, I speak with nft creators and collectors every day. They see this as a confirmation that Meta wasn't really in. There was also a perception that Polygon NFTs aren't as valuable. Interestingly, Reddit has managed to sell Polygon based profile pictures fine, and th…

Just look what happened to doomsday cults when the doomsday clock ran out and no doom occured: some members left, dejected, and those who stayed doubled down in fervor.

Re: Digital collectibles on Instagram is winding down

#7

Sorry for the off-topic. This whole NFT debacle would be fun for me if it didn't cost me a dear friend; he's been working full-time on his "collection" for almost two years now, convinced he's "just around the corner of making millions" out of it when it's obvious the ship has long sailed. I guess there's more to it than just NFT craze, and he's probably struggling with other things, but his new "know-it-all NFT bro"…

some ppl do enjoy collecting art, toys, coins, pokemon cards. but if he tells you he’s about to make millions, he might just have a gambling problem. Like stocks which can elicit same behavor.

Re: Digital collectibles on Instagram is winding down

#8

Sorry for the off-topic. This whole NFT debacle would be fun for me if it didn't cost me a dear friend; he's been working full-time on his "collection" for almost two years now, convinced he's "just around the corner of making millions" out of it when it's obvious the ship has long sailed. I guess there's more to it than just NFT craze, and he's probably struggling with other things, but his new "know-it-all NFT bro"…

Crypto, and now AI, are likely the great differentiators between those who seek get rich schemes and those who lever up humanity through innovation, hard work and grit.

If I had the ability to migrate to another planet, the last thing I’d take with me would be an NFT image of some stupid primate.

Re: Digital collectibles on Instagram is winding down

#10
So, you could collect NFTs of instagram posts? What a weird concept. Reddit avatars make more sense IMHO, they work as a form of status symbol. They are displayed on all your posts and comments, so you can show off your fancy avatar everywhere. I cannot see why anyone would care about a collection of posts.
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