Why the hell is Eminem involved with Ape NFTs?

[Formerly Black Trash]

that's exactly why he's rich.. smh at some of u.

Why aren't more big artists doing it then?

 

[DrHackenbush]

How much do these shyts cost anyway? I already do other collectibles like basketball cards but this probably ain’t the same.

Like 80 eth at the moment (100k). They were $200 to mint last April, took a week to mint out too. Crazy.

"Ape in" is a popular term over the last couple of years in crypto though, that's what the name of these are based on

 

[BK The Great]

Like 80 eth at the moment (100k). They were $200 to mint last April, took a week to mint out too. Crazy.

"Ape in" is a popular term over the last couple of years in crypto though, that's what the name of these are based on

Danm that's a lot to just invest in like that. A lot of risk too.

 

[bnew]

NFTs can only really be digital art and the best actual use cases for them will be video games

NFT Use Cases in Real Estate

Non-Fungible Tokens (NFTs) are changing how we think about asset ownership in the real world and in the digital world. NFTs—unique digital tokens stored on a blockchain ledger that represent ...

www.gravel2gavel.com

snippet:

NFTs in the Traditional Real Estate Industry

Real Property Ownership
NFTs can be used to represent ownership of real-world property. Currently, deeds serve this function and buyers employ title insurance companies, escrow holders and lawyers to authenticate deeds and search for encumbrances in public title records. NFTs can provide a way to potentially bypass trusted intermediaries because blockchains can verify ownership, identify title encumbrances and settle transactions more efficiently. In May 2021, Propy, a technology company active in this space, helped TechCrunch founder, Michael Arrington, list his apartment in Kiev, Ukraine, as a real estate-backed NFT. The property sold for over $93,000 and Propy touted this achievement as “the world’s first real estate NFT.” On April 12, 2022, Propy sold another property in Hyde Park, Tampa, as an NFT for $215,000.

Examples like this are likely to remain rare in the U.S. for some time because well-established laws and county land record offices do not recognize transfers of ownership with NFTs. The traditional real estate industry and its entrenched stakeholders will likely be slow to adopt this new technology.

Fractionalized Investments and Loyalty Programs
Real estate investments are capital intensive, so some entrepreneurs have turned to NFTs and digital coins to raise funds for their projects. In 2018, the St. Regis Aspen Resort sold an 18.9% ownership stake in the hotel through token sales of “Aspen Coins.” Investors could buy coins with U.S. dollars, bitcoin or ether. Omni-Psi, a real estate investment startup, raises funds from investors to buy properties by issuing ORT tokens. Revenue is distributed to token holders pro rata on an ongoing basis. Lofty AI is a technology startup that has created an online marketplace in which anyone can invest as little as $50 to buy a digital token equivalent to a stake in a single-property rental business. Each token represents a share of ownership in a Delaware limited liability company. Other platforms use art NFTs to attract interest in their real estate offerings. OXO Living, an Indonesian boutique developer, sold NFTs that “represented” the physical homes they were selling in Bali. The owner of a home had a right of first refusal on the NFT that was associated with his or her home. Anyone who had a crypto wallet could make an offer on an NFT. On a smaller scale, homeowners in need of liquidity can use platforms like Vesta Equity to raise equity from their homes by issuing tokens that represent fractional ownership interests.

Loyalty programs are also utilizing this technology. Marriott Bonvoy, the hotel chain’s rewards program, conducted a lottery at Art Basel, Miami, in which NFTs were distributed to three winners. Each winner was also awarded 200,000 loyalty points. AMC Theatres awarded around 86,000 NFTs to select loyalty members during the launch of the new Spiderman movie No Way Home.

How NFTs Could Change Real Estate

Non-fungible tokens are not just for digital art. They could be coming to the property industry.

www.entrepreneur.com

snippet:

NFTs for fractional property ownership​

But just because NFTs are mainly used in the digital world, doesn't mean they can only be used for digital assets. NFTs can be used to represent ownership of physical items or real estate too. An example of this could be fractional ownership. Homeowners could sell part of their property to a large number of small investors by issuing tokens on the blockchain. Investors could hold these tokens and receive a rental income for doing so, profit split on capital appreciation upon sale or both.

This could also allow people to buy and sell fractional ownership in rental properties, potentially in a liquid market without a middle-man. This would open up the world of property investing to many more people and create better options for those that need to unlock equity without borrowing or moving.

Tal’s NFT Take: Can NFTs Take the Headache Out of Real Estate Transactions? - DeFi on TheStreet

NFTs can be an effective solution in an industry that needs less middlemen and more efficiency

www.thestreet.com

 

[Knucklehead]

Hilarious how these same few theoretical uses of NFTs and Crypto projects have been thrown around for so long. I’ve been in a million meetings with these startup “projects” that will “completely revolutionize how we pay for an UBER” and cut out all the intermediaries or “democratize insurance payouts”. Guess what motherfukkers UBER and the insurance companies will never buy into this and even if they did they’re gonna develop it on their own and your company is going to zero.
Buyer beware.

 

[SleezyBigSlim]

NFT Use Cases in Real Estate

Non-Fungible Tokens (NFTs) are changing how we think about asset ownership in the real world and in the digital world. NFTs—unique digital tokens stored on a blockchain ledger that represent ...

www.gravel2gavel.com

snippet:

How NFTs Could Change Real Estate

Non-fungible tokens are not just for digital art. They could be coming to the property industry.

www.entrepreneur.com

snippet:

Tal’s NFT Take: Can NFTs Take the Headache Out of Real Estate Transactions? - DeFi on TheStreet

NFTs can be an effective solution in an industry that needs less middlemen and more efficiency

www.thestreet.com

Scam, I know a scam when I see 1. We both black (I think) you should be able to tell me exactly how it's good and useful in 1 sentence. Those 1 sentence tweets don't do it buddy. shyt is a scam

 

[TrapChampion31]

Scam, I know a scam when I see 1. We both black (I think) you should be able to tell me exactly how it's good and useful in 1 sentence. Those 1 sentence tweets don't do it buddy. shyt is a scam

All these NFT promotions by any big name is a scam. fukk anyone involved in that shyt.

 

[DrHackenbush]

Danm that's a lot to just invest in like that. A lot of risk too.

Yeah not a good idea to buy now but anyone who minted and held ate good though. Free mutant NFT, free dog nft, free APE coin claim and free metaverse land. I think at the top the whole lot was worth nearly 1 million USD. From a $200 mint cost lol

 

[BK The Great]

Yeah not a good idea to buy now but anyone who minted and held ate good though. Free mutant NFT, free dog nft, free APE coin claim and free metaverse land. I think at the top the whole lot was worth nearly 1 million USD. From a $200 mint cost lol

Damn could've gotten rich off it.

 

[Lord Beasley]

He got a bag to promote it

/thread

 

[bnew]

Scam, I know a scam when I see 1. We both black (I think) you should be able to tell me exactly how it's good and useful in 1 sentence. Those 1 sentence tweets don't do it buddy. shyt is a scam

a property title search can cost anywhere from $100-$200, it would be significantly cheaper or free as an NFT. title insurance would be virtually unnecessary if the title of a property was an NFT.

 

[SleezyBigSlim]

a property title search can cost anywhere from $100-$200, it would be significantly cheaper or free as an NFT. title insurance would be virtually unnecessary if the title of a property was an NFT.

But people will have to agree on that purpose and use, do they?

 

[bnew]

But people will have to agree on that purpose and use, so they?

if given the option, people will choose the cheaper and faster method which is an NFT based solution.

 

[SleezyBigSlim]

if given the option, people will choose the cheaper and faster method which is an NFT based solution.

Do you have a real life NFT example you can provide?

 

[dubsmith_nz]

if given the option, people will choose the cheaper and faster method which is an NFT based solution.

You're also cutting out 90% of the buying market who don't know how the shyt works and/or don't trust it. Any smart vendor is going to target the widest market so they get the best price. NFT's are too niche.

Picture a Boomer trying to use an NFT to settle a property