The Non-Fungible People vs Daz models
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There was a cheap price opened to those who join Discord early in the game.
Literally the only thing I got to say is...
Honestly, I think I might rather have Madame Mim instead of Snow White, haha...no really...Madame Mim is awesome.
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.
I think there is a cost for minting each NFT too? Before it is put up for sale?
So here's where I get lost...wouldn't a buyer still need to know how to use Daz in order to use the assets? I mean, even at the bare minimum, to load the character and hair, slap an expression on them, and then hit "render".
The NFPs are not limited to the Daz Studio environment but are still useable in it.
What do you need Daz Studio for? I just want to use the 3D Avatar in the hundreds of metaverses on the net. Nobody said anything about needing to use any programs that I have never heard of
Each Ethereum transaction consumes 229.16 kWh. 292 transactions means an energy cost of 66,915 kWh, or more than what the average US household uses for 6.24 years! That's right, YEARS. Great job, Daz!
Is it any wonder people are appalled by the extreme energy consumption incurred by this fad?
It's going to be harder to make those calculations though, ETH is dropping in value at the moment quite rapidly. Check google for currents. Luckily there is also Etherscan that shows a lot (0x316c0226e4c317c6e732d95910597946d4e94677 is Tafi).
The best argument I've seen is that other stuff uses energy, like cars, so *shrugs*
Because that makes it okay.
At least use of a car gets someone from point A to point B.
NFT energy just proves that someone owns a GIF.
I'm afraid you are being too optimistic, a volume trade of 1 is not 1 transaction but multiple transactions. Minting, making a bid, canceling a bid, transfering an item etc are all counted as transactions, so it's way more than 292 transactions.
Whataboutism at it's finest. Not saying you're doing that, but the people you're talking about sure do.
When NFTs, NFPs, and crypto generally can show that they can do something better than regular financial transactions can (besides money laundering and speculative ponzi schemes) I'll consider that position. Otherwise they're just arguing in bad faith and should be ignored.
Slight correction -- an NFT proves that someone has a "receipt" pointing to a GIF, not the GIF itself.
Oops, thanks for the correction.
Heh. True. And your wording makes it sound even worse than my wording.
as someone who deliberately handed in my drivers license and gave away my car because I have a fatty liver and high cholesterol and need to literally walk every day in order not to die of a heart attack or stroke, I have no qualms about judging them for the energy wastage
I am not of course DAZ's target customer, I have one of the lowest spec computers of all the forum users I have seen, only thing I own is lots of digital content, as far as devices and electronic toys go I have very little, only have an older iPad because it was given to me as a gift, my $40 android phone only takes calls too tiny to use for much else, texting even difficult.
I actually am proud of how frugaly I live.
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
if I stay confused, or is that dumb-founded, will it go away?
At least the forum saves a draft of my post while I'm writing it. Way better than DAZ Studio
That is astonishing, as is the other larger statistic posted above. I could see justifying that sort of energy cost for something that benefits humanity, like serious research into developing a fusion system, cures for COVID, or to prevent an asteroid strike, but to waste that much on a get-rich scam for insufferable cryptobros? This entire thing needs to be made illegal.
"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."
"Those who want to send ETH or make a transaction on the Ethereum Network should pay “Gas Fee.” This gas fee is paid to miners to process transactions.The problem with the gas fee or the transaction fee is that market participants do not get a clear idea of the exact price beforehand. There is uncertainty around the gas price, and people are not sure if they have paid enough to have the transaction processed. In some cases, people overpay because they are not sure of the clearing price. They land up paying more to ensure that the transaction is processed."
Burning Ethereum (ETH) What Does it Mean for the Environment? (thecurrencyanalytics.com)
It's even worse, as I have understood, the "Proof of Work" is not about making complex calculations in order to create the hash, but only about wasting energy.
https://en.wikipedia.org/wiki/Proof_of_work
It's like telling someone to climb the stairs of 100 storey building 100 times in order to get something "minted", the "work" has no meaning.
I don't think gas fees are that high, but admiteddly don't know exactly what they are. You are right, though, that it doesn't necessarily mean that DAZ made $1 Million+. I'm sure there were some pre-sale buyers that sold included in that volume.
- Greg
Well I know last month Sweden was making efforts within the EU to make crypto mining illegal, it's still relatively new and the EU is slow but there is a certainly also a sense of urgency with law makers to act. So I'm mildly hopeful.
The timeframe for selling something for 1 million dollars?
I work for a small/medium sized company (250 people) in Finland and we deliver products for 1 million EUR every week.
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?
I would guess that the term Non-Fungible People may be trademarked by DAZ. You probably shouldn't try passing a render off as an NFP, although you could sell the render as an NFT.
As for making an actual NFP, you would have to be able to redistribute the base figure, hair, and clothes with the NFP, which violates the EULA.
My suggestion is to forget selling NFPs unless you buy them from DAZ first.
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.