Nate | CC🌋

CPA and moonlight in NFTs and crypto
Golden Boot Stables in @PhotoFinishGame @Footium
@Claynosaurz @clayno_capital

[Nate | CC🌋 @TheMetaNate]

@Cabanimation @ericpaulj This one is great! Congrats!

[JBond @jbondwagon]

V1 Punks are up 70% because of the news that we can now interact with original contract to buy/sell V1 Punks

So, is V1 contract now fixed?

It’s not

But @jalilwahdat & @yougogirl_ deployed a workaround by having PunksMarket act as smart intermediary for V1 Punks transactions

Here’s what happens:

1️⃣ The seller lists the Punk specifically to the PunksMarket contract (using offerPunkForSaleToAddress with the market’s address)

2️⃣ The buyer triggers settlement

3️⃣ PunksMarket temporarily buys the Punk from the V1 contract (using the bugged logic, so ETH initially routes wrong)

4️⃣ It immediately calls withdraw() on the V1 contract to pull the misrouted ETH back

5️⃣ It transfers the Punk to the real buyer

6️⃣ It pays the seller the correct amount from its own balance

This way they are able to go around the original V1 contract bug: When a buyer purchases a Punk via the built-in marketplace functions, the ETH gets credited to the buyer (who can then withdraw it), not the seller

Now, no need to wrap your V1 Punks to buy & sell them

But still, PunksMarket is still needed to be an intermediary to interact with the main V1 contract

[Nate | CC🌋 @TheMetaNate]

@Claynosaurz Is this what it felt like owning the first Mickey Mouse figurine?

[Cab 🌋 @Cabanimation]

It will simply be "Collectibles." Time and consumer habits solves this.

Fortnite skins are collectibles, in farmville you harvest collectibles, PokemonGo you're geolocation hunting collectibles, and you don't for a second doubt that's what they are to you. World of Warcraft is an entire ecosystem built on digital collectibles.

The key difference is open systems vs closed systems, and the engines or wrappers that house them. And the way in which they can be traded.

One day on eBay and meta Marketplace you'll sell digital goods or trade second-hand digitals and it's just gonna be normal. You'll buy digitals straight from Popmart's website. When that's the reality, they won't need a label.

I don't even think they really need a label today. They're collectibles. And the new-internet framework enables them to be programmable, public ledger data, and open-system when it makes sense.

Don't overthink it.

When I talk to web2 co's I call them collectibles
(that happen to be digital which offers a whole range of opportunities for the fans and the company)

Because that's exactly what they are.

Utility is a possibility precisely because they're programmable and can basically act as a CRM tool, allowing us to tie-in other programs to an account or collectible itself.

[Nate | CC🌋 @TheMetaNate]

@Cabanimation Well said. 👏

[Nate | CC🌋 @TheMetaNate]

@photofinishgame @PoconoRacing RIP Legend. Glad I had the chance to meet you last year. ❤️

[Nate | CC🌋 @TheMetaNate]

@0xcryptotax Agree. It’s 100% ok to extend. Pay what you owe (or rather think what you’ll owe) by 4/15 and you’ll be fine. Even if you owe more later, the additional cost is generally just interest.

[Nate | CC🌋 @TheMetaNate]

@Pacifica2525 @TheCryptoCPA Agree with this. And if using third party software, like @CoinTracker you need to be able to freeze your historical transactions/basis used for tax reporting. A cost basis method is not a “method of accounting” where you need a 3115 to make a change.

[Nate | CC🌋 @TheMetaNate]

@Pacifica2525 @TheCryptoCPA I disagree

[Nate | CC🌋 @TheMetaNate]

@CryptoHog04 @Claynosaurz Very nice pick up! Congrats!

[Nate | CC🌋 @TheMetaNate]

@MagicEdenComm gets it.

[Magic Eden Community @MagicEdenComm]

The votes are in.

Was there really any doubt?!

New @Claynosaurz PFP.

[Nate | CC🌋 @TheMetaNate]

@ZeusRebirth

[Nate | CC🌋 @TheMetaNate]

@swivaljaw @ISHONEI There are many great ppl in the community, but you’re in a different league. Awesome to see you get this. 🍻

[Nate | CC🌋 @TheMetaNate]

Big thanks to @Sebartsy and @Claynosaurz for this! That raptor was my first Clayno purchase!

[Clayno Capital @clayno_capital]

Two more beauties created for our CC members.

A big shout out to the incredible @Sebartsy for these creations.

[Nate | CC🌋 @TheMetaNate]

@GVG_Genetics @coolmorestud @santaanitapark @kazushi0096 @mwmracing Wow what a finish!! Love it!

[Nate | CC🌋 @TheMetaNate]

@ThirdTimeIan Enjoy it! I got to see him last summer when they came to MN. Was a great result too….Messi scored but MNUFC won.

[Nate | CC🌋 @TheMetaNate]

@GVG_Genetics Love to see this. You’re building something real.

[Nate | CC🌋 @TheMetaNate]

@LecointreGrego1 @okaybears @DeGodsNFT @y00tsNFT @Claynosaurz I still can’t send you a dm. Send me one

[Nate | CC🌋 @TheMetaNate]

@GVG_Genetics @coolmoreamerica What a great finish! Congrats man!!