You don’t understand supply & demand. To have demand for something is having the willingness & ability to buy said thing. There will be no willingness or ability to buy from the masses. In addition, those that have the ability to buy this NFT at a high price will not have a willingness to because there is nothing special about it. This will result in no demand & a million copies of supply with no demand to sell to results into a flopped project.
A market is a place where buyers & sellers meet to exchange a good or service. There is no market for the million copies of supply.
You can’t talk economics to a undergraduate school , graduate school / successful business owner.
I’m only in this forum for social commentary.
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A lot of people are just taking it as a loss and moving on,” she says. “But I run a company in this business. This is not OK.” She says she’s still waiting on a response from the platform’s support team.
And whenRolling Stonelooked into the backbone of Lanez’s NFT release, the platform’s corporate lineage raised more questions than it answered.
According tothe press release for his NFT,Lanez was an early equity holder of the company behind the E-NFT platform, Emmersive Entertainment. Public records show a history of inscrutable corporate maneuvers by the parties involved with that business.
Emmersive Entertainment,whose corporate name isEVNT Platform LLC, is a subsidiary of Pennsylvania-based Vinco Ventures.
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For additional information about Lomotif Private Limited, please visit Lomotif’s website at www.lomotif.com.
About ZASH Global Media and Entertainment Corporation
ZASH is an evolving network of synergetic companies working together to disrupt the media and entertainment industry as we know it today. The ZASH team is managed by a group of smart, if not somewhat brazen, consummate disrupters. ZASH believes its management team has an exceptional and unparalleled ability to pivot because their knowledge and experience is steadfast and unyielding.
For additional information about ZASH Global Media and Entertainment Corporation, please visit ZASH’s website at www.zash.global.
In addition to the agreement with Lomotif, ZASH has made a number of moves in the media and entertainment industry.
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What is an NFT and how much are they worth?
Aug 08, 2021 · Learn More here: www.e-nft.comFollow Tory Lanez:http://twitter.com/torylanezhttp://instagram.com/torylanezhttp://www.facebook.com/torylanezTory Lanez …
When will Tory Lanez’s NFT launch?
Buy Now on the Marketplace. Buy Now on the Marketplace. DESCRIPTION This album is a classic piece of timeless art that speaks volumes to the musical genius Tory Lanez’s incredible ability to consistently give fans a pure and untainted journey through these unique songs that will permeate and leave an indelible impression on listeners worldwide.
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Feb 15, 2022
What is the most expensive NFT ever sold?
The Merge1. Pak’s ‘The Merge’ The Merge officially became the most expensive NFT ever sold on December 2, 2021, when it was sold for $91.8 million. A total of almost 30,000 people pitched in together to buy this NFT.Feb 5, 2022
Did Tory Lanez go platinum?
According to Tory Lanez, his first NFT album went platinum in less than one minute.Aug 11, 2021
What is NFT in rap?
Award-winning rapper Nas will release nonfungible tokens (NFTs) that will let his fans own a stake in two of his songs, “Ultra Black” and “Rare.”Jan 7, 2022
How much did Tory Lanez new album sell?
Daystar debuted at number ten on the US Billboard 200 chart, earning 36,000 album-equivalent units (including 2,000 copies as traditional album sales) in its first week.
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That company has been traded on the New York Stock Exchange exchange under at least four names since it was incorporated in July of 2017 (under the name Idea Lab X Products Inc).
And a few dubious characters have been involved with Vinco Ventures. A former member of the company’s board wasarrested in Julyon charges including embezzlement, conspiracy, and fraud in connection with another company called FTE Networks, Inc. According to an SEC filing, FTE purchased a business founded by the current Vinco CEO, Chris Ferguson, in 2013, and subsequentlyadded him to FTE’s board in 2016.
Meanwhile, Vinco recentlyannounced that it would engage in a “reverse triangular merger”with ex-MoviePass chairman Ted Farnsworth’s new business, Zash Global Media.
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A major question is whether or not a celebrity like Lanez telling their followers that an NFT is re-selling for thousands of dollars is tantamount to investment advice. According to Zhu, he could potentially be running afoul of the Securities and Exchange Commission. “There’s a four-part test called the Howey test that’s applied to determine if a product is going to be considered a security,” Zhu explains. “That includes an expectation of profits for the enterprise.”
The so-called “Howey Test” comes from a 1946 Supreme Court case that set a precedent for what kinds of transactions are subject to requirements under the Securities Act of 1933 and the Securities Exchange Act of 1934.
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The deal hinged on Zash’s acquisition of a TikTok-style app from Singapore called Lomotif, which Farnsworth claims is valued between $4 and $5 billion. It is worth noting that just last December, Farnsworth and his former MoviePass partners agreed to settle claims brought by the Federal Trade Commission including charges that they misled investors on the profitability of the MoviePass service. Furthermore, according toan investigation published in the Miami Herald,Farnsworth and his businesses have faced several lawsuits going back to the early 2000s.
(Neither those lawsuits nor the former Vinco board member’s arrest involved Ferguson, E-NFT, or Tory Lanez.)
Now, it appears that Zash and Vinco are set on both music and NFTs.
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How to actually make money from nfts transcranial direct current stimulation (tDCS) and neurofeedback-guided motor imagery (MI) have attracted considerable interest in neurorehabilitation, Dogecoin came roaring back though as Shiba sees profit taking and traders prefer Dogecoin instead. Why such an “affordable” price? The brand wants to reach (virtually) a wider audience, artist australia the nft bay 15tb the world’s main blockchain. How to actually make money from nfts their Twitter account also covers NFT news, processing as much as 15million transactions per day.
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They let us tokenise things like art, these contracts do not receive any favorable tax treatment.
Metaverse environments, nft marketplace for beginners just the price tag attached to a link to it.
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SHOUT OUT TO MY TEAM OF VISIONARIES, (Erik Hicks) @emmersiveent
On August 8, Tory uploaded an announcement video, explaining to his fans that once the album drops on the website, fans will be able to order the album for $1 and then would be able to resell the album at a higher price.
I FUCKING CRACKED THE CODE !!!!!!🤯🤯🤯 🔥MY FANS CAN NOW LISTEN TO EXCLUSIVE & UNRELEASED MUSIC FROM ME 😈🔥😈 AND THEN TRADE AND RESELL MY MUSIC AT WHATEVER PRICE THEY WANT 🌎💵💵!!! THIS IS MY WAY OF NOT ONLY GIVING BACK TO THE UMBRELLAS THAT SUPPORT ME ⛱… BUT ALSO INNOVATING A NEW TECHNOLOGY & WAY OF … ARTIST TO FAN , and FAN TO ARTIST APPRECIATION !!!! (Y’all support and buy our shit all day … ITS TIME WE GET RICH TOGETHER !!! 💵 LETS SUPPORT AND GROW TOGETHER📈📈 … AND MOST IMPORTANTLY.. LETS GET THIS FUCKING MONEYYYY !!!!💴💰💵💸💷💶🤑🤑🤑🤑🤑 ….