This is true. Internet Astronauts had 30K users in their discord when they launched. There was tons of interest from the ICP community untill Entrepot started pumping out rugs. Now Bob has bailed to pump out shitcoin rugs on Odin
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Wait more info about how to be safe on NFT.
Egido, you have only three options right now:
- Raise money through SNS for the development of the DgDg site.
- Raise money from foundations and investors to develop the DgDg site.
- Raise money and pay the Magic Eden team to add ICP NFT to their marketplace
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Egido do you know any wealthy IC backers that could help you here?
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Fellows and Ladies,
NFTs absolutely crashed and left a smoking crater 10 miles wide. Lamenting and trying to point fingers at an existential market event is not super productive. We were all just a bit too late to arrive to get to take advantage of the bonanza back in the day.
What if I told you the code for an open source decentralized marketplace front end app was just sitting on github waiting for someone to pick it up and run with it? What if there was a fully integrated NFT Dex like thing just hanging out in a public repo? What if fully formed scripts for minting NFTs were just sitting around waiting to be used? You probably wouldnāt believe me because of course someone would have done something with it right? Nopeā¦there is still no money there to fund it.
Fortunately, when there is, it is all just sitting there. Waiting.
There is some hope that RWAs may revive the space, but I donāt think monkey pictures are coming back anytime soon.
In the mean time, be kind.
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Sorry I think you missed the point.
This is not about NFT prices or the size of the current market itās about maintaining infrastructure that support NFTs and the communities around them.
Some of us are building brands with games and other things that need to utilise NFT market places and wallets in order to function.
To say there is no money is just not true.
I know how much is spent on many failed ventures and days out around here
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I dont think anyone is saying in this post āMy NFTs are down in valueā so nobody is lamenting about that. The issue is about not being able to do basic functions after we pay, like basically show them in our own wallets (For example). Also find a bit contradictory you say be kind while putting the whole NFT space inside the āMonkey picturesā classification. If you dont like NFTs and you think they have no future its perfectly fine. This is a different conversation, its about supporting people who actually SUPPORTED already.
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Dragginz is going to have the best NFTs, some people are saying the greatest.
We donāt want standards that have been created specifically to frustrate developers and drain the ecosystem.
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That sounds like an AI-generated sentence!
But honestly: Where are these repos supposed to be? On a private island? In a secret vault guarded by laser beams? Just tell me where I can find this hidden treasure.
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Well said, and thanks for sharing more broadly, otherwise Iād have missed it.
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NFTs crashed on the IC due to a lack of standard and a lapse in reliable marketplaces. The work of dgdg has reinvigorated the IC NFT ECO.
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Actually part of our mandate is Art. We are backing several artistic projects and a couple of award winning movies(we also own the largest art gallery in cairo) Our tech team can work on a project like this and we would fund our team - even itās own media and content. If this of interest would love to collab.
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Iām of two minds here,
First I love the concept of NFTs for ALL kinds of things whether those be silly memes or real world asset NFTs. I do think that real world NFTs are far more interesting and also far more stable and Iāve spent far, far more time thinking about reducing the volatility of the space and to actually capture value in NFTs than anyone in their right mind should have.
On the memetic side, we have some pretty good evidence about the real world market cycle for these things and they tend toward the first in, pump, first out being rewarded and leaving behind a ton of bag holders. I donāt think those cycles are healthy for anyone in the ecosystem. I see the lack of support for NFTs as an effect of the digital NFT model being exposed as currently lacking. Iām in no way saying there is no viable model, but the one that was raging in 2023 clearly and robustly failed due to market dynamics, and once the market dynamics failed the funding failed as well. There were a TON of converging forces here. Remember when we all though these things were going to decorate our virtual homes in our VR realms that facebook, apple, or some darling decentralized virtual world provider were about to deliver? It fell flat on its face and demand evaporated. No demand, No investment, No development. Iām not a pessimistā¦this is what happened. Maybe weāre on the verge of it all coming back. Nothing would make me happier than to finish the work I spent two years starting. Iām actively trying to revive it every day.
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Iāll just counter with this image of the strongest brand in NFTs:
The amount IC support was 0.00001% of the cause and 99.9999% of an effect of the market.
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NFT Canisters run out of cycles often, and then frozen, canāt even see the NFTs on wallet, my best guess is that they burn cycles pretty quick due bot crawling.
Anvil, EXT, DIP720 and ICRC7 standards work fine as of today. (I havenāt tried OGY standard yet but it looks solid)
ERC-6551 is like the latest nft standard proposal for EVM, which on IC could be each NFT an individual canister, therefore the owner of the NFT would be responsible for the cycles management, although not practical to have users pay for cycles.
Although market has crashed I still vouch to continue building the NFT infrastructure on ICP
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Youāre completely missing the actual topic hereāNFTs bought with BTC are currently inaccessible, and thatās the main issue.
Instead of rehashing the same tired āNFTs are deadā narrative, maybe focus on the fact that high-quality digital art is still thriving.
Namely Sam Sprattās Masks of Luci is minting at 2.56 ETH and flipping hard in the last 3 days, and we just saw an 88.8 ETH sale for a single piece. Thatās not a āsmoking craterāāitās proof that premium digital art still holds value.
Most completely dismiss The Charles NFTs that are a truly disruptive innovationāthe first AI-generated storybook NFTs on the Internet Computer. Instead of being celebrated as a major milestone for ICP NFT - the narrative goes NFTs are dead
About throwing around GitHub repos and open-source NFTs its a developers topic I wont go into it.
RWAs (real-world assets) might have a place in Web3, but thatās a separate discussion where my views on the current market divert from yours.
Right now, the priority is getting access back to our BTC-bought NFTsānot philosophizing about hypothetical futures while ignoring whatās right in front of us.
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Hello everybody! The problem is not the price at all, but the infrastructure, I am an ordinary user and have been using a stoicwallet and an entrepot since the first day (bioniq is modern, I will omit its discussion :)).
I just want to say that Stoicwallet and Entrepot is the same as it was in 2022 and there are no changes, not even the interface. The only super successful feature in the wallet is the binding to the Internet ID, which is as convenient as possible, the PlugWallet is good, but there is no binding to the ID. But working with NFT through a stoicwallet is generally inconvenient.
As for the entrepot site, I am concerned as a user and investor that even top NFTs, such as the ICPunks (for example), have simply disappeared and they are not displayed on the site and there is no news. Although they were once 2 in terms of sales. Itās scary.
In general, the platform and wallet are in place, collections disappear without a trace. And yes, as they wrote here, the pictures stay with me, no one takes them away) With this position, all the money invested will really turn into pictures and a blocked website as a story of a failed investment.
I canāt understand why the Difinity foundation, Internet Computer canāt do anything about it, in my opinion itās a bad advertisement for them. (Itās not just pictures, itās a revolution that they create).
PS. I didnāt mean to offend anyone. It is just my opinion.
*By the way, when working with NFT, not all projects adopt a stoicwallet, for example DMAIL. There is no unity in the ecosystem
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We on ICP had the chance to build the actual NFT model and blew it. The cycles thing is not relevant, if the tech worked and we could straight forwardly do as was planned, builds games and apps where the NFT ware used we could have built a genuine market.
If we look at things in terms of cycles we would never build anything. I remember when shopping online was one of the cycles of the early web, it didnāt work because the internet was too slow and delivery services were not able to cope with the type of quick services we needed..
What happened is people made it work.
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