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JOIN THE DISCORD VIEW THREADFor having my deathbat don't worry, all my ETH were from the A7X server ^_^Looking forward to giving this a listen! I got 3 bats to start with (one of them is currently in a trade but that doesn't seem to be going so well so let's just say I have 2... Yikes!). Nothing rare, but aesthetics aren't too bad at all, and gives me something fun to play with as I learn how to use After Effects! Can't wait to see what DBC has in store for us!
I must say, NFTs are fun imo, but please, please do be careful. Make sure you're not taking any risks you can't afford to lose, and don't go into it thinking you're immediately gonna win big. As Ed said, (#WhatEdSaid) it's definitely like Vegas.
And if you trade, be extra fucking careful and only do it if you actually trust and know the person (or use a trusted middleman). Don't be like my dumbass. Rip.
Also, the gas fees as you mentioned are climbing higher and higher it seems. If I did the math right, its up to like $71.51 USD now. Thats like 2 1/2 tanks of gas in my car lol.
I'm still not 100% sure I understand why gas fees fluctuate, doesn't it have to to with how much stuff is added to the blockchain and higher gas fees push certain things through quicker ?
Ethereum 2.0 is *supposed to* roll out in the beginning of the 2021 and is a major network upgrade that will make the entire blockchain more efficient, more energy efficient, and stabilize gas fees. Gas fees depend on the load of transactions going through the blockchain. And there's people that run computer nodes that process and validate these transactions and they get paid in ethereum for it, so the gas fees kinda go to them as payment for doing that. Pay more, and you're further in line so to speak. Definitely ridiculously expensive at the moment, but hopefully Eth 2.0 helps with that.Alicia, gas seems to fluctuate based on supply and demand, just like real gas, but the price is much more volatile minute to minute and also goes up and down a lotmore than real gas. I minted mine like an hour after minting opened and I found a lull - my gas was under $35.
I still see GAS as a problem that needs fixing because that’s not a good way to get business done, but that will evolve over time.
Others can explain it better than I can, but basically each Deathbat is a key - a key to a new kind of fan club that will have lots of options, gifts, and benefits (cutting the line at shows, permanent deep discounts on merch, etc). Some of the keys have rare traits that open other options - there's a trait that gives the holder free tickets to A7X shows for life. Free meet & greets at the shows. There's a couple that get you a free guitar and lesson once a year from Syn, another that is a free round of golf with Matt once a year.noice. i dont fully understand the utility behind these yet
Yes that helps immensely! Your response was thorough and eloquent, and written in granular detail! Thanks a ton!Others can explain it better than I can, but basically each Deathbat is a key - a key to a new kind of fan club that will have lots of options, gifts, and benefits (cutting the line at shows, permanent deep discounts on merch, etc). Some of the keys have rare traits that open other options - there's a trait that gives the holder free tickets to A7X shows for life. Free meet & greets at the shows. There's a couple that get you a free guitar and lesson once a year from Syn, another that is a free round of golf with Matt once a year.
All of the deathbats were generated randomly for everyone AFTER they were purchased - all for the same price. Even if you were gifted one by Syn, it could be a basic Bat or one with rare traits - no one (not even Syn) knew beforehand who would get what.
If you get tired of being in the Club, or want different "perks," you can trade or sell your Deathbat (key) to another fan or collector.
The expectation is that over time, especially once all 10,000 are minted and out in the wild, they may ALL become rare and desirable, which increases their value to potential buyers.
Does that help?
Awesome Bats Kfir!!!I'm not into crypto, but I've been an A7x supporter for so long.
Especially being a @Syn Gates student here on school, for many years now.
Supporting whenever I can for us family and community, so I did mint a few
Got some rares (shook, ghost)
I'm reselling non-rares to try to get some others, so I'm not done
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Even the common ones have value and utility though. Every DBC NFT lets you skip the line at shows, exclusive merch drops, merch discounts, special metaverse utility, and more to be announced, so the $400 isn’t exactly a loss. You gain no matter what. But it’s up to you if those things are worth $400. And once all 10,000 are minted, you’ll likely be able to sell the common ones for more than you paid for it.I feel that the fact you have the chance to win all this cool stuff like tickets for life draws a-lot of people in who don't understand NFT's to buy them, but chances are you will get a common and that is what you need to prepare for. If you get a common and can say "oh well, that hasn't financially affected me" then thats ok, but for some people loosing $400 (I say loosing as there is NO guarantee that you gain) will be tough. People have earned hundreds of thousands from NFT's, but these are mainly the crypto punks which are more appealing to more people in the overall market. If you can't afford to loose I wouldn't buy, but if you do buy and don't get what you wanted I would defo hold it and hope the market prices go up or you get some decent perks. Peronally I would love one but can't afford, so i'm definately not against them and do see NFT'S and the metaverse being the future, and for us to live in a cashless society someday (which I hope doesn't happen because, well, taxes haha).
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