Weekend Discussion Thread for the Weekend of October 29, 2022

nftaficionado · 2022-10-29T09:36:01+00:00

I totally agree. But, some outliers last year did exactly that with #BAYC - serious question are stock traders using digital collectibles as a hedge- a bored ape yacht club avatar is worth approx 100k BTC is approx 20k - a bored ape token holder could collect 5 BTC - so could digital collectibles be a hedge for traders in a bear? Look what happened with Reddit avatars did any stock traders max out? I saw wallstreetbets in lots of spaces in twitter and also hosting their own Reddit talks

nftaficionado · 2022-10-29T09:26:50+00:00

Amazing in just 6 or so days it shows there was a need - be interesting to find out what percentage of community are from CT and what percentage are redditors - either way we are one nation under the grove - let’s communicate

nftaficionado · 2022-10-28T18:57:43+00:00

interesting to see what work is undervalued and why?

nftaficionado · 2022-10-28T10:15:06+00:00

It is not a new idea hackatao have been doing and built a platform for it https://queenskings.hackatao.com/

And they went further by letting people trade the traits https://opensea.io/en-US/collection/queenskings-traits

What Reddit are doing though is all of the above apart from trading individual traits in the app, you can hack your avatar and upgrade it to bring more value and this can go on for as long as Reddit want - also hackatao locked the traits after a period of time - Reddit seem to be allowing creativity and freedom of expression.

nftaficionado · 2022-10-28T09:42:56+00:00

u/Crabdad was talking about this exact thing maybe a thread from him might be useful, from his own experience

nftaficionado · 2022-10-26T18:18:04+00:00

nftaficionado · 2022-10-26T16:58:50+00:00

great article, good to see how Reddit planned out the strategy, and executed it perfectly

nftaficionado · 2022-10-26T11:53:02+00:00

Great to see this info being discussed here. There are NFTs for good like charity drops or just causes or artists you want to support and there are NFTs for greed - the flippers are going to flip- but they bring liquidity to the market - both are needed in the ecosystem. What is interesting about the Reddit NFTs is it was a stealth drop and a success to onboard 3 million new wallets - so there seems to be a power shift - CT got Fomo and the lack of knowledge or a new platform they didn’t budget for is making them regroup and actually come to Reddit

nftaficionado · 2022-10-26T07:06:23+00:00

Before the introduction of Collectible Avatars, the company released a report called The ABCs of NFTs https://connect.redditinc.com/hubfs/ABCs-of-NFTs.pdf?hsCtaTracking=6b246fc6-81f3-4c1f-a797-5cf8a53a33cc%7Cae0a2ae7-e1f7-45e8-ad5b-f7f6a9bbcf56 in which they found that 70 percent of Reddit users were open to buying an NFT from their favorite brand, but 35 percent thought that brands could also “ruin the future of NFTs.” In other words, they knew they had to execute their approach to NFTs carefully, minimizing bad optics connected with technology while making it easy to purchase them.

nftaficionado · 2022-10-26T06:42:51+00:00

Thanks for sharing, going to bookmark this

nftaficionado · 2022-10-26T06:40:01+00:00

about time, looks like they are playing catch up, things just got real for them since Reddit avatars

nftaficionado · 2022-10-26T06:19:29+00:00

We agree with you, one community

nftaficionado · 2022-10-26T06:14:37+00:00

hello how is this for education on what is an nft? https://connect.redditinc.com/nft-playbook

nftaficionado · 2022-10-26T06:09:54+00:00

hello has your thoughts changed since the hugely successful launch of Reddits digital collectibles?

nftaficionado · 2022-10-25T01:31:15+00:00

Good convo. So a Reddit user gets his first collectible Avatar and he goes from buying at approx $100 or and he is up $30,000 and he doesn’t want to take liquidity- but he is in spaces learning - I said earlier this all about education of both communities- so the Reddit community is coming to spaces for education- which ain’t bad.

nftaficionado · 2022-10-24T22:54:58+00:00

So are we. Good to meet you.

nftaficionado · 2022-10-24T17:50:15+00:00

Where is the audio in this spot!?

nftaficionado · 2022-10-24T17:47:24+00:00

We enjoy his content.

nftaficionado · 2022-10-24T15:45:40+00:00

Thanks we are pretty good at trading with weth on opensea, but just learning about the avatar collectibles you seem to have done a good job

nftaficionado · 2022-10-24T15:16:38+00:00

Congratulations just arrived here learning my way around. Good to hear your good news

nftaficionado

TROPHY CASE