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Re: Eddie Vakser post# 25859

Thursday, 03/11/2021 5:25:27 PM

Thursday, March 11, 2021 5:25:27 PM

Post# of 28121

"I was just told by my consultants how close we are by the fact that Elon Musk had a great Art Auction (just google it)...Well, that's our software "Starfest"...Hello!!!"

--"Google it" I did. For starters, Elon Musk didn't auction anything ..his singer/ musician girlfriend "Grimes" (aka Claire Elise Boucher) did.

These NFT (Non-Fungible Token) sales involve the ownership of a one-of-a-kind product that exist solely as a "DIGITAL image." That apparently means you can't sell multiple copies via your multi-level marketing "Starfest" scheme.

The other problems for you--

1) These NFT sales only seem to involve something made by or featuring someone or something fairly famous or notorious. In other words, by people who wouldn't give someone like you the time of day. And why would they given your history of failures?

2) Authenticity does not automatically translate into wealth. Did your RFID verification scheme do that? Of course not. Nor does sole ownership of anything whether it's the only one on earth or not. Your "Duraflame Picasso" sculpture proved that.

3) A limited supply (in this case a single digital product) cannot alone result in a higher price in the absence of demand. There will soon be millions/ billions of these NFT eligible digital files on the market. A single video clip of LeBron James doing a slam-dunk might bring a lot of money at present. The question is, will every other movement he has made do the same? Obviously oversupply will quickly destroy any collector demand.


What is a NFT?

A Non-Fungible Token (NFT) is a unique digital token encrypted with an artist's signature and which verifies its ownership and authenticity and is permanently attached to the piece.

What do they look like?

Most NFTs include some kind digital artwork, such as photos, videos, GIFs, and music. Theoretically, anything digital could be turned into a NFT.

Plenty of observers warn that the "stupid money" currently being thrown at these NFT's is likely to dry up soon. That's because buyers will soon realize there's a limited supply of "greater fools" to keep driving the price up.


Do not buy, sell or make any investment decision based any information or opinion I post. Conduct your own DD.