Zstatman
Well-Known Member

Men's College Basketball Player of the Year Luka Garza Selling NFT - Decrypt
The top men's college basketball player just finished his time as a student athlete, and his first business move is to sell an NFT.

The NFT will also carry a number of physical rights with it. The highest bidder will get a pair of autographed sneakers Garza wore in the Feb. 22 game when he broke Iowa's all-time scoring record, a private meditation session with Garza (he's into meditation), dinner and a movie with him, a game of HORSE against him, and lifetime VIP passes to any basketball camp Garza hosts (something he aims to do one day).
NFT? Is that different then NAFTA? I'm so far gone out of the loop heck if I even know what that means.
No matter what it sells for it won't be an accurate depiction of what the NFT itself sold for. There are plenty of rich Hawk fans out there who would likely pay 100K for the shoes alone.I am curious to see how much Luka's NFT will auction off for? My son was just telling me an NFT just sold for $69M! I don't Luka will get that, I'm wondering if he can get $100K?
I am curious to see how much Luka's NFT will auction off for? My son was just telling me an NFT just sold for $69M! I don't Luka will get that, I'm wondering if he can get $100K?
Well there ya go... Even if it's 5% instead of 20 or whatever with the kind of volume they want to start pushing that could add up really fast to be just that. Generational wealth...There's a good chance this is just a trial run for his old man to try to corner the market on this stuff and be a leader in the clubhouse when the NIL stuff gets going. He probably doesn't care what it brings in because if his old man can become a digital bag man of sorts for college players and can skim 20 off the top, the family will have generational wealth even if Luka never plays hoops again.
I still don't understand what it actually is I don't think. But whatever. I'm not gonna throw my money around to that which I don't understand so.... May the smarter richer folks go have their fun.LOL my ancient ass didn't know what an NFT was until I read the article.
I think his old man has a history of poor financial choices. How much did they give schools from sales of their Let the Peacock Fly shirts?There's a good chance this is just a trial run for his old man to try to corner the market on this stuff and be a leader in the clubhouse when the NIL stuff gets going. He probably doesn't care what it brings in because if his old man can become a digital bag man of sorts for college players and can skim 20 off the top, the family will have generational wealth even if Luka never plays hoops again.
DittoLOL my ancient ass didn't know what an NFT was until I read the article.
Pretty spot on. I've done some crypto mining and have a good amount sitting in a few different wallets. There are several apps out there that you could use to buy/sell. Blockchain is an interesting technology, it really makes a lot of sense once you do some reading about it. There are several thousand different coins out there and most of them are trash - but some of them have a bright future.I am not an expert by any means but here is how this works at least as best my pea brain understands it.
NFTs are sold on the Ethereum crypto currency platform. If you look at Luka's auction page under chain info you see ethereum. Bitcoin is the largest crypto currency and ethereum is send largest but there are now many more and more to come.
1 Bitcoin currently sells for around $57k, 1 Ethereum sells for around $2100, the price goes up and down on both. So when you see on Luka's page that 023593 bid 4 for $8400 he had bid 4 Ethereum. You have to have an ethereum account set up to make the bids. I have no idea how you do that.
Hope that helps a bit, a new world is dawning, eh.................
I am not an expert by any means but here is how this works at least as best my pea brain understands it.
NFTs are sold on the Ethereum crypto currency platform. If you look at Luka's auction page under chain info you see ethereum. Bitcoin is the largest crypto currency and ethereum is send largest but there are now many more and more to come.
1 Bitcoin currently sells for around $57k, 1 Ethereum sells for around $2100, the price goes up and down on both. So when you see on Luka's page that 023593 bid 4 for $8400 he had bid 4 Ethereum. You have to have an ethereum account set up to make the bids. I have no idea how you do that.
Hope that helps a bit, a new world is dawning, eh.................
NFTs are actually different from and separate from bitcoin and cryptocurrencies. It's true that you can buy NFTs with cryptocurrency, but you can also buy them with dollars or Euros or gold or anything else.Pretty spot on. I've done some crypto mining and have a good amount sitting in a few different wallets. There are several apps out there that you could use to buy/sell. Blockchain is an interesting technology, it really makes a lot of sense once you do some reading about it. There are several thousand different coins out there and most of them are trash - but some of them have a bright future.