A user's turns his $130 into $1,30,000 in just 3 days (NFT)

[Lanatsa]

There is nothing to think big on it, because art is something unique and there are people who are much into it. Same as that one spends on gaming/gambling people love to spend on art works. Here it is one such incident where the artists have got some deep thought about that particular art.

And ended up for someone to see it to be valuable but in most peoples perspective and personal views then this isn't something specially for you to pay up for that one.

Well, there are really people who do have lots of extra money to spent on without minding if the thing is already bit exaggerated for the price but still people
do end up on purchasing it due to interest that he had.

This isn't a new thing that do happens even on casual auctions or events do really happen but now we are going digital which I don't see for it to be that worth.

[Twentyonepaylots]

Didn't expect NFTs to go these far or big aside from in-game items and all that would definitely be worth a ton especially if they are rare ones. Still, as a collector I get why people would spend as much as 130k for something as bland and as uncreative as this. I for one would like to get into the NFTs business myself but still don't know the ins and outs of the industry so I'm still researching and all.

[verita1]

NFT is booming.
Take a look at this NFT created with a video clip of the Legendary Zion Williamson is a series of 50 and one was acquired for 100K.

https://twitter.com/nba_topshot/status/1353495686021410817?s=19

I also found out how to create NFT in this tweet. There are several tools and we just need to put our creativity to work and the best ideas flow.

Easily create non-fungible tokens (NFTs) using Avalanche Wallet. Follow this step-by-step tutorial:

https://twitter.com/avalancheavax/status/1354579973701595138?s=19

[TheGreatPython]

Today i got a News that on Thursday  a users buy a NFT from opensea market place in just $130 and then on sunday he sell it $1,30,000 value. That means he makes a profit of 100000% or 1000× in just 3 days. Can you imagine that How much potential has this Nft market.  And this NFT is a digital artwork.

For those complaining how the op wrote his digits, lol I’ve been noticing that these days when people are writing hundred thousands, they first of all put a coma after the first digit, it is just like a new trend for them and at first I was confused as hell anyway I got used to it. That’s 130,000 USD that he wrote there.

Anyway, that user must have been very lucky for a chance like this, because I hardly see things like this happen. Though it can be something about knowing the value of something, because I have seen a few times where people bought a piece of art for a cheaper price and after they sold it for a higher amount.

[Beparanf]

Didn't expect NFTs to go these far or big aside from in-game items and all that would definitely be worth a ton especially if they are rare ones. Still, as a collector I get why people would spend as much as 130k for something as bland and as uncreative as this. I for one would like to get into the NFTs business myself but still don't know the ins and outs of the industry so I'm still researching and all.

There's a lot of available of NFT out there compared when it's first introduced on cryptokitty game. This news is very suspicious since there's no proof that the transaction is really a legit transaction from two different entity with no string attach. I read some thread that they are relating money laundering on this.

Don't be fool by this propaganda on hyping NFT. Yes, you can earn money for collecting this collectibles but the profit figure on this news was unrealistic. To be honest.

[TedMosby]

yeah, it could be money laundering activity.
I am still learning, still not sure how NFT works, and why people will spend their valuable crypto with NFT.
is it like expensive/branded things that become rare because of the hype by an organized group on those things for no reason?
I respect the art value on it, but I just don't understand.

what if I create a random NFT, and manipulate the price?
Like I sell and buy it by myself. Can I do it too?

[jacafbiz]

This NFT game to me will not end well for most people, I don't understand how this worth  $130,000. I am not a art enthusiast but i still feel this is ridiculous, I have read some story like this when the NFT hype start building but this seems to be top of the Apeing story. I will like to see how these NFT's do during bear market until I start talking them serious

[Yatsan]

That was seriously impressive on how a $130 worth of artwork have been sold for 1000 times its base price to attain $130,000 market price value. Seems to be interesting making such news bump into my curious mind of what kind of artwork it is to cost such massive amount of money. Well, we all know that all kinds of art have their own worth since they were created over a long period of time and have been exerted by too much effort even when it is digitalised, personalized, etc. It was just kind interesting for me why a $130 worth art work will be priced as $130,000 giving the creator a more than enough profit from the work he have done. It was kind of impressive to read this kind of news once for a while.

[Mauser]

If you want to know more detailed information  about this then you can check out here: News

Thanks for the link, I missed this news, very interesting article. A price increase of 100,000% is insane, props for the seller though.

This is a great story for anybody who wants to make a profit in the crypto world. Even at the current price levels are still a lot of money being made.

[ashmodeus]

hmm . so its same like when i got rare/mythic item from decentralized app then hold it for a long time , then the prices going up , isn't ? the different in this case its just take 3 days right ? because for me NFT its no more than gambling with a different way, people will know how valuable that thing if they on it. i've play several decentral games and well , i know some NFT item will be have value as the time goes. btw, congrats to that guys.