The Non-Fungible People vs Daz models

jjmainor

Crescent said:

algovincian said:

I just checked OpenSea:

With the current price of ETH being $3,906.33, that works out to $1,142,043. Do you think more revenue came in through the store during the same time period?

- Greg

So in theory $1,142,043 worth of NFT was sold.  That doesn't mean that DAZ made over 1 million dollars.  I checked a few sites and I'm seeing gas fees of $435 to $500 for OpenSeas NFTs.  (That's assuming I'm reading all the goobledy-gook correctly.)  If DAZ is selling Non Fungus People for $700 and has to pay a gas fee of $500, they're only making $200 per NFP.  (I could use the smaller numbers of $435 fee on $600 NFP, but that's even worse.)  That takes down their assumed profit to about $58,400.  Also, buyers normally have to pay some gas fee as well, so either they're paying more than $700 per NFP or DAZ is picking up the cost on that side as well, further reducing their profit.  Depending on the items in the NFP, DAZ might be making a bit more than if they'd sold all the items at retail, and in theory they're reaching a bigger audience (most of whom probably won't buy any DAZ items to actually use to make art) but it doesn't appear to be some OMG money maker.

If my figures are wrong and assumptions are wrong, please show me where.  I'm just trying to crunch the numbers as best I understand them.

Opensea has different ways of charging the gas fees.  By setting a fixed price on the product, the fees in this case are likely being paid by the buyers at the time of the mint, not by Daz.

Also, if you want to see what fees are paid on individual transactions, here are the transactions on this particular line.  From what I can see, the sales at .4ETH are paying anywhere from $120-180 in total fees (not just gas), while those who bought at .2ETH are paying less than $100.  Even if Daz was paying the fees instead of the buyer, they're collecting aproximately $650-700 or $1350 per NFT

https://etherscan.io/address/0x92133e21fff525b16d1edcf78be82297d25d1154

Another note about Opensea, NFTs can be created where the original creator collects a small percentage of future sales.  I won't assume Daz did it, but it is possible Daz may collect a small royalty every time these NFTs are sold among private buyers.

CHWT

McGyver said:

I think people are getting unnecessarily worked up about all the energy consumed by minting and NFT creation and all that... climate change is good for us... who needs a habitable planet anyway... we'll all live in domed cities with climate controlled environments, just like in all those cool sci-fi movies like Logan's Run... and we'll all have plenty of Soylent Green to go around... well those of us that can afford to live in them... the worthwhile people with money... the rest can live outside and lament not wheeling and dealing with the NFTs and other Cyptostuff...

Don't worry about the future or what you might be contributing to, what you really have to focus on in life is doing what everyone else is doing and not missing out on whatever is the latest trend, regardless of the silly consequences everyone will have to deal with.

Do whatever makes you happy and don't think of anyone else or what your choices may mean for future generations, you don't owe anyone anything.

Better yet, be smart and take all that sweet, sweet cryptocash you make selling your NFTs and NFPs and buy some oceanfront property in Colorado or Arizona... I mean it's not oceanfront now, but when the stupid ice caps melt you are going to be holding some prime real estate there... maybe they'll want to put one of those fancy domed cities on your land... and maybe you'll be able to sell it for a buttload of Super-Doggycoin before some richer dude uses eminent domain to take it from you... who knows, the future is not ours to see, que será, será... 

Whats the worst thing that will happen?... you don't actually get rich with this NFT stuff and you inevitably help contribute to the earth reaching a thermal tipping point?... so what, you had a good run... and you helped the rich guys get richer and build some really cool domed cities.

Yeah, that's pretty sweet. Especially as I don't have kids. And I watched the trailer of Don't Look Up. I burst into laughter when those powers to be were chanting how much that comet worthed.

I want successful NFP profit making stories to be featured continuously, I really do. I am not being sarcastic. If someone made a huge profit, congrats!

maikdecker

AlmightyQUEST said:

Richard Haseltine said:

ALLIEKATBLUE said:

Wonderland said:

So this is confusing. It can make people believe they can use DAZ assets to create and sell their own  NFP NFTs which I’m assuming we are NOT. https://www.daz3d.com/nfp-starter-kit-01 

Why can't you use Daz assets to make NFTs?

You can, as long as the thing they point to is licensed correctly - e.g. an image, or a game made with properly applied Interactive Licenses. Any issues are likely to be with the thing being pointed to, not the NFT itself.

Genuine question (I know, I know), while you could use any content to make NFTs (since the image and the nft are unrelated), you wouldn't be able to CALL them Non-Fungible People as that's DAZ's marketing name, right? Or is that open to anyone too?

Too bad that "The Untouchables" is probably also already copyrighted... 

AgitatedRiot said:

"For those who do not understand burning:  It is the process by which the burned tokens will be permanently taken out of circulation. The burning process will involve the act of miners sending their tokens to specialized addresses, which will have private keys that are not obtainable.  Without private keys, it will not be possible for anyone to use the token.  Thus, these tokens go out of circulation. Burning reduces the number of tokens in circulation, thus increasing the scarcity of the token, making the coins rare and valuable."

Sounds a bit like "I got 10 paintings by van Gogh. So I burn nine of them, so the last one raises in price..." 

Zylox

McGyver said:

I think people are getting unnecessarily worked up about all the energy consumed by minting and NFT creation and all that... climate change is good for us... who needs a habitable planet anyway... we'll all live in domed cities with climate controlled environments, just like in all those cool sci-fi movies like Logan's Run... and we'll all have plenty of Soylent Green to go around... well those of us that can afford to live in them... the worthwhile people with money... the rest can live outside and lament not wheeling and dealing with the NFTs and other Cyptostuff...

Don't worry about the future or what you might be contributing to, what you really have to focus on in life is doing what everyone else is doing and not missing out on whatever is the latest trend, regardless of the silly consequences everyone will have to deal with.

Do whatever makes you happy and don't think of anyone else or what your choices may mean for future generations, you don't owe anyone anything.

Better yet, be smart and take all that sweet, sweet cryptocash you make selling your NFTs and NFPs and buy some oceanfront property in Colorado or Arizona... I mean it's not oceanfront now, but when the stupid ice caps melt you are going to be holding some prime real estate there... maybe they'll want to put one of those fancy domed cities on your land... and maybe you'll be able to sell it for a buttload of Super-Doggycoin before some richer dude uses eminent domain to take it from you... who knows, the future is not ours to see, que será, será... 

Whats the worst thing that will happen?... you don't actually get rich with this NFT stuff and you inevitably help contribute to the earth reaching a thermal tipping point?... so what, you had a good run... and you helped the rich guys get richer and build some really cool domed cities.

WendyLuvsCatz

am I allowed to say that I think this is probably the most divisive thing DAZ has chosen to embrace.

I am not going to post any more on it because quite frankly it is affecting my mental health 

but I did want to say goodbye 

Jason Galterio

WendyLuvsCatz said:

am I allowed to say that I think this is probably the most divisive thing DAZ has chosen to embrace.

I am not going to post any more on it because quite frankly it is affecting my mental health 

but I did want to say goodbye 

This is the most sensible thing I've seen posted in a forum in a long time. I agree and I think I am going to follow your example.

AgitatedRiot

 

Yea, I got a full set of assets I can play around with. I don't know if I need to buy any more. I guess the 5000 or 6000 or more dollars I spent this year was enough for a company that will not come to this thread. to explain this concept to the little guys who have supported them for decades.  Yes, I dare Daz personnel to look at my account see how much I spent. Just to have Daz turn their back to you because you didn't join the Discord.

cherpenbeck

As my postings to this subject tend to be deleted, because I speak too critical about this theme, I will equally depart from this thread.

Richard Haseltine

Which sems an apt point at which to say the thread has run its course, the views have been thoroughly aired.