Yesterday I asked Night Cafe to generate an image of bees pulling their coins from a burning beehive for a post about burning coins on the @buynburn account.
It cost several NightCafe credits to generate the image. A NightCafe sells credits for $0.04.
Okay, NightCafe gives away free credits to people who vote on images; So, the generation cost really is free.
I realized that it's been a couple of weeks since I've minted an NFT; so I decided to spend the 1000 #MEME to mint an NFT titled HIVE on Fire. I created 5 editions. I keep one for my collection and will sell the other 4. The list price is 280 MEME (this is just under $0.02 USD). I chose 280 because the gallery takes a 10% cut of sales. (280 * 0.9 * 4) = 1008. This is basically cost.
If you buy an NFT, it is wise to relist the NFT at a higher price. That way it will show up in your gallery.
Who knows, when I become infamous, my AI NFTs might be worth thousands of MEME a piece!
I just might be the next Van Gogh ... without even trying!
Tallying Up my Meme NFT Empire
I realize that my adoring public is curious to know the state of my NFT empire. So I looked through my collection and made the following table.
| Date | Listed | Cost | Listing Price | Sold | Earnings | Title | |
|---|---|---|---|---|---|---|---|
| 2024-03-19 | 4 | 1000 | 280 | 0 | 0 | HIVE on Fire | |
| 2024-03-05 | 4 | 1000 | 280 | 1 | 252 | The HIVE Minded | |
| 2024-03-02 | 4 | 1000 | 280 | 0 | 0 | Burning with Thought | |
| 2024-03-01 | 4 | 1000 | 280 | 1 | 252 | Computer Time | |
| 2024-02-29 | 4 | 1000 | 280 | 0 | 0 | Happy Leap Day | |
| 2024-02-28 | 4 | 1000 | 280 | 3 | 756 | Abstract Independence | |
| 2024-02-27 | 4 | 1000 | 280 | 4 | 1008 | The Creator of Memes | |
| 2024-02-26 | 11 | 1700 | 200 | 5 | 900 | Robots Minting Coins | |
| 2023-05-12 | 4 | 1000 | 280 | 3 | 756 | Screwdriver Bot | |
| 2023-05-09 | 4 | 1000 | 280 | 2 | 504 | The Creation of AI | |
| Grand Total | 47 | 10700 | 18 | 4428 | ) |
It appears that I've generated 10 AI memes on HiveMe.me. I decided that producing five editions and selling four at 280 MEME is the best tact.
The table shows that I've created 10 NFTs. I am keeping one edition for my collection. I created 47 public editions. This cost 10,700 MEME.
I've sold 18 so far for 4,428 MEME. I guess that means I have 28 NFTs on the market with a list price of 6,272 MEME.
I am Happy With the Project
The sad truth is that I am doing better with Meme NFTs than I've done with any of the other things I've tried to sell online.
Hey, did you know that I was creating and selling NFTs back in 1998?! I created a program to track the images and market the images. My product was actually an image plus a link. In the early 2000s people were willing to buy links.
As I recall, I managed to sell 2 for cost. I bought them back at more than cost.
I guess another word for an image plus a link is "advertisement."
My pathetic hope was to create a product where artists created images. People who wanted links would buy and trade the images. The artist would make some money. The web site would make some money to cover costs. The people who traded the images would attract traffic to their web sites.
Everyone wins!
I should point out. It was difficult to create computer images back in 1999. So, the idea was that people would draw a picture. One would take a low resolution photo for the web site. So, that meant that there would always be a physical image and a computer image to track the physical image.
It was such an embarassingly naive idea.
I showed the idea to several people. I was viciously berated and put to the door.
Not everything was bad. I talked to one guy who wanted to create a program to promote amateur art. The guy created a wonderland called ArtWanted. It is possible that I influenced a person who created a successful site.
Anyway, my pathetic art site crashed completely when Google declared that any web site (other than Google) that sold links was evil.
Google's hypocrisy made me livid.
Google is a company that makes billions by selling links.
Google, a company that sells links, ran a campaign that would punish other web sites that bought an sold links.
It still makes my stomach churn.
Anyway, the primary difference between my pathetic art site and the NFT craze twenty years later was that my site let people include a link with their NFT. My hope was that the link would be of long term value.
Since I had already created an site that sold little art creations, I was not impressed with the NFT craze.
I saw it as pure hype.
The big problem that the NFT market has is that computer images really have no value.
By the early 2000s there were programs like DAZ-3D that would let people generate thousands of images from basic frames. Of course there was also the unreal engine that could generated unlimited graphics for games.
Pure NFTs have little value because people can use programs like StableDiffusion and Dall*e to generate images. Users are generating millions upon millions of images each day.
Sorry about the Rant
Oops, I started ranting.
I should focus on the matter at hand. I should focus on selling my little NFTs despite the fact that I know that they are overpriced.
The people who are successful push things that they really don't understand.
Of course, I am not that interested in selling the NFTs. The reason I created some NFTs is because I enjoy the process.
I now have a active NFT gallery of memes.
.
BTW: If I get any upvotes on this hand written--#POB worthy--post, I will cover the cost of the NFTs. I am not as bitter as the rant implies.
I will probably publish the burn post I mentioned tomorrow on @buynburn.
Posted using MemeHive