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Post by Fraze on Nov 6, 2021 9:43:59 GMT -5
Wow, that pricing scheme is really... weird, in ways that are hard to describe. Making the things more expensive as more are sold makes sense, but the cutoff points are just so arbitrary. Why do only the last 250 at the biggest price tag, when the tiers in the 2-3.5 SOL range have far bigger batches?
It seems like they're intentionally overpricing the final few NFTs in order to make the earlier ones look cheap in comparison. If you have one variety of apple priced at $16 apiece and another at $4 apiece, the $4 apple looks cheap by comparison (and therefore desirable); never mind that that's still ridiculously expensive for a single apple. Which implies that 1) they're counting on people dogpiling and buying them up fast, but also that 2) they aren't expecting to actually sell out.
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Post by Huntress on Nov 6, 2021 9:50:20 GMT -5
As for the pricing, is using (stolen) artwork really worth that much? As we say in this country, the idiot isn't the one charging the price, but the one paying the price. Although in this particular case I probably can't count the idiots before they hatch. Get the feeling I'll be needing a big bucket of popcorn for this one.
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Post by Twillie on Nov 12, 2021 14:28:41 GMT -5
The NFT's have officially launched, and so far it is... no good. Not news to the actual Neopets community, but the launch has been bad enough so far that even the crypto community is upset and backing out on the project. I dunno if they'll do a write up on it on their site soon, but Jellyneo's twitter has some screenshots from the Neopets Metaverse Discord, and I think they speak for themselves.
Even though this is a bad situation all around, I can't help but laugh a little at the dramatic irony.
Disappointed by the final product and its pricing? Irritated by the ambiguity and lack of communication caused by shoddy management? Insulted by the lack of regard from those you were fully onboard to give your money to?
You just got the Neopets experience, cryptobros!
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Post by Duke Pikachu on Nov 12, 2021 17:46:28 GMT -5
So, question about the bots. Are they actually buying the NFTs? Because, according to JN, 1 SOL equals about $240 which means if they're buying all the "cheap ones" (which I'm going to guess is the ones worth 1 and 1.5 Sol) that's still...
240 * 250 = 60,000 (240 * 1.5 = 360) * 500 = 180,000 60k + 180k...
$240,000! Even if its a few bots doing it, that's still some major cash someone is laying down to buy a whole batch of Neopets NFT that they have no idea is gonna be profitable. Unless the bots are gaming the system and have dummied SOL/NMC, I just don't get it (not that I would still even get it if that hadn't).
Eitherway, this seems like some small dirty gains even if its just from bots (unless they dummied SOL/NMC though with crypto I wouldn't be surprised if those are just as valid as "real" SOL/NMC) so we'll see if my prediction of either of the following come true:
1. The partners soon bailing out leaving JumpStart & NetDragon holding the bag and nothing to show for burning all those bridges. 2. Expecting more money, JS/ND and the NFT partners start arguing & blaming one another and call the whole thing off.
Eitherway this is a bad experience and ought to teach JS/ND not to deal with NFT... then again we sort of saw they have partner already lined up (though maybe them and other NFT will get scared off from Neopets upon seeing this disaster; good riddance). Hopefully then they'll start focusing on putting effort onto the site, at the very least to make it look more appealing of a brand.
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Post by Duke Pikachu on Nov 13, 2021 3:18:54 GMT -5
How does it keep getting worse. Oh, and mandatory: Just, here's the link to Jellyneo's post about the DAY 1 SCAM that happened with Neopets NFT which stole essentially 37k dollars from NFTers. Anyway, apparently nearly 4k of the NFTs have sold netting 1.8 mil. So, frustratingly, Solana and JS are going to make out as bandits (if Solana doesn't run away with the money) thus JS is going to be encouraged to do more of this nonsense until the planet burns to a crisp. Oh, and of course none of this will probably be put into the site because they just learned that the NFTs will sell anyway so why bother? Oh, and on top of that the metaverse team are getting free Neopets NFTs thus likely why there were so aggro toward the Neopets community. Not that I don't know who they plan on selling the Neopets NFT too. Seriously, who's gonna buy the Neopets NFT from them? Other NFTers? Why would they unless those NFTers are expecting the resell price to drop... but if they're expecting that it means it's not a good investment so why would you even buy them?
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Post by Duke Pikachu on Nov 13, 2021 22:52:39 GMT -5
Oomph, live from JN, since yesterday the amount of new NFTs that have been bought is 109. They've only barely sold 4k NFTs, most being bots, and it looks like they've not only hit their peak but are now on the downward slide. I think anyone who was actually interested in Neopets NFTs have likely bought one and with the bots and low initial sales may have made anyone who was able to purchase more hesitant to do so. Only 2 more days left until they burn the remaining stock.
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Post by doctortomoe on Nov 14, 2021 2:57:46 GMT -5
Just the amount of money laundering that it's doing already is shameful.
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Post by Fraze on Nov 14, 2021 4:15:36 GMT -5
Just saying, Which implies that 1) they're counting on people dogpiling and buying them up fast, but also that 2) they aren't expecting to actually sell out. I called it. Again. And referring to it as "burning the remaining stock" really hits home that they really were never trying to appeal to the actual Neopets players. Imagine if TNT had at some point said they would "burn" unadopted Cybunnies at the end of Cybunny Day - there would have been an uproar. Yes, they're just pixels and yadda yadda but that is not how you talk about it.
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Post by Carolyn on Nov 14, 2021 10:02:34 GMT -5
I just heard about the NFT scam (well, the other scam) that stole, what was it, 70k from unsuspecting people who were interested in the project but did not check to make sure they were on the right website?
It sounds like the Neoverse Mods are making out like bandits on this woeful excuse for a project. No wonder they were like, "no FUDding!" "All smiles and rainbows here! Everything is great!" Because they themselves wanted to profit off the project as much as possible.
As for the bots stealing the lowest prices... I wish I could say I was surprised, but given how cutthroat and money-grubbing people are in that community, I am not at all surprised.
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Post by Killix on Nov 14, 2021 10:16:23 GMT -5
Sounds like it was a big flop, which is exactly as expected. Neopets fans don't want in on this joke.
The owners of those bots can have fun trying to sell off their useless NFTs that nobody wants. X'D
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Post by Blueysicle on Nov 14, 2021 14:50:54 GMT -5
Going from 20k NFTs as was part of the original announcement to slashing it down to 10k, and then only managing to sell ~4k of that (With over half of that being bought up by bots) looks pretty pathetic to me. The only angle you could look at this as a "success" is that the NeoMetaverse team managed to convince a non-zero amount of people to spend hundreds of dollars on randomized JPEGs that you can't interact with. I think that anyone that isn't a cryptobro could tell months ago this was going to crash and burn - the main concern is if this will ultimately drag the main Neopets site with it. Anyways, who wants to start up the (imaginary) betting pool on whether or not the NeoMetaverse team is going to run off with the money after the 15th?
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Post by Duke Pikachu on Nov 14, 2021 17:24:35 GMT -5
Anyways, who wants to start up the (imaginary) betting pool on whether or not the NeoMetaverse team is going to run off with the money after the 15th? Pfft, I'm willing to bet they'll run on the 15th before it officially "ends". There's already nearly 2 mil so if they run with that now they'll miss out on, what, like a few thousand?
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Post by Patjade on Nov 14, 2021 19:17:08 GMT -5
Sounds like it was a big flop, which is exactly as expected. Neopets fans don't want in on this joke. The owners of those bots can have fun trying to sell off their useless NFTs that nobody wants. X'D Who says the bots aren't owned by the site owners and that they pay anything to themselves? It'd be like a plant at an auction to drive up the price and if the bot wins, the owners can just turn around and sell the "won" NFT for more later, if anyone will have it.
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Post by Killix on Nov 14, 2021 20:22:45 GMT -5
Who says the bots aren't owned by the site owners and that they pay anything to themselves? It'd be like a plant at an auction to drive up the price and if the bot wins, the owners can just turn around and sell the "won" NFT for more later, if anyone will have it. If the site owners "bought" their own NFTs with bots, then proceeded to actually sell none to real people, then they're even more of a joke because they've made nothing off the scheme. X'D
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Post by Carolyn on Nov 14, 2021 21:56:48 GMT -5
Who says the bots aren't owned by the site owners and that they pay anything to themselves? It'd be like a plant at an auction to drive up the price and if the bot wins, the owners can just turn around and sell the "won" NFT for more later, if anyone will have it. If the site owners "bought" their own NFTs with bots, then proceeded to actually sell none to real people, then they're even more of a joke because they've made nothing off the scheme. X'D I would laugh my rear off if the Metaverse jerks tried to scam their own system only to get utterly burned by massive monetary losses. The NFTbros were like, "bruh. If you just sold it at a "low" price and kept it consistent, it would have sold." The tier prices are rife with bot abuse and folks jumping ship.
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