From NFTs to nifties Most people think NFTs are expensive jpegs. But you can now send millions of NFTs for a few bucks rather than buying one NFT for a few million bucks. That means NFTs will be as common as likes or RTs. So we need a term for these free, nontransferable, earned NFTs. Perhaps we call them nifties.
in the case of lens protocol, likes + RTs are literally NFTs
~ Time to get nifties in here ~ https://youtu.be/I1188GO4p1E
Slipping "nontransferable" in there is a big shift and removes a crucial value prop for the owner imo.
Didn't the term 'nifty' die a long time ago? We either need something better, or just accept that if this is the standard for all non-fungible digital items, they are named for the item they represent. Ex. if a deed for a house becomes an NFT, then we call it a 'deed' Also, likes/RTs are fungible, no?
Will they all be so meaningless, though? If a house deed becomes an NFT, is that a nifty? Agree though that NFT has been so besmirched it’s irredeemable to the general public.
These are effectively loaded emojis you’re describing, feel it should have a totally diff feel than NFT generally (that also needs a rebrand). Indelible marks evokes Freckles or maybe Sigils but probably a whole ass new word!
Digital Collectables is by far the simplest and best way to publicly showcase NFTs. Nifties is also a refreshing word.
Coming up with new names is def useful. POAPs are basically NFTs on a xDAI (now Gnosis) chain and the fact that they their name for these free, proof of attendance NFTs stuck is a great example that it can be done successfully.
Perhaps whichever platform figures out how to make this happen at scale first will end up informally naming the primitive for people So if a given FC channel mod’s “upvoting” results in some kind of novel recognition for user (eg a “nod”) — I think it will be natural for people to call the primitive that
What platform allows you to mint so many NFTs for so cheap? Is that Zora?
have you had a chance to dig into ERC-6551 - tokenbound accounts ? NFTs that own smart contracts that own any assets, erc20, 1155, 721, and more 6551 accounts , like 🪆🪆🪆 The top level NFTs can dynamically update based on the assets underneath
I feel like saying that every little interaction should be an NFT so you have wallets full of millions of them is like saying we should change online banking into Gringotts-style vaults of coins. why would you want that?
I think soul-bound is just right to convey the alarm factor of a non-transferable NFT.
Or we just call them tokens. Etymologically, token is a reference to an essence. Always-already non-fungible (so no need for the tautology there).
This was the in-vogue term in 2018. And Nifty Gateway tried to lean on this heavily (including its name of course). It didn’t really stick then but maybe it does the next time around. The framing that has traction at least right now is that they’re images, videos, songs etc that happen to be onchain.
for @event we’re planning to call them passes and mostly abstract the tech away starting with crypto communities gives us the space to experiment with that abstraction before mainstream adoption
I think you categorize them according to their use case. I think it’s less confusing as an NFT on the back end and a stamp, badge, like, post, follower, pass, etc. on the front end. NFTs is too ambiguous. However large or small the use case the term must be specific.
so far this fas been the main approach: onchain content for web3 users digital collectibles for web2 users
Do they need a name? Three arguments for no. 1 - an NFT is just block of code proving authenticity. 2 - there is such a wide variety of what an NFT can be 3 - say NFT to almost anyone outside crypto, u risk a slap. call art art, music music, tickets tickets, etc. use symbol to denote NFT. 🕺🏿or 🐙. 😜
https://twitter.com/bypeerbase/status/1588558843331903489 collecting is the new like.