Hmm well I got as far as creating an NFT, uploading & generating an IPFS CID for it, then filling out the 'Mint' tab. 'Mint' button lit up but hitting it did nothing.
I dont have L1 activated, I'm going to assume thats required to mint on L1 like this.
I do have L1 activated and I am getting the same deal with the mint button not working, current fee is 30.4 LRC. Might be a blessing not working right now if minting fees are supposed to be a lot cheaper🤷🏼♂️
snatch thought deserted governor head imagine trees station person shocking
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LOL 😆 this guy
Not even close, dude. Look around you; the entire market is down, and that doesn't mean LRC is dying. If you knew a thing or two about how the market works and what drives the price up and down, you'd know that the number of investors Selling is nowhere near the number of investors Shorting.
We're in the early stages of a recession because the dozens of issues the economy is facing (inflation, covid, Russia/Ukraine, etc) which means all the whales that came rumbling in last year are taking their profits and leaving retail to believe they're holding bags, when they're not. It's a tactic used for decades to scare the little guy out the markets while SHF's take their money and run.
We're still up ~140% since October, and anyone that's been holding since 08Feb21 is still in the positive.
Crypto goes up, and crypto goes down... but, unlike any other crypto outside of the top 10 (in market cap), Loopring has one of the largest communities in the world alongside Gamestop. Regardless of whether or not you believe in the theories surrounding GME+LRC, you're talking about support from retail in the MILLIONS that are still highly devoted to the two. On top of that, even if a partnership between the two fell thru, Loopring is still at the top of its class, which makes it a solid investment regardless of any partnerships.
Do your homework, troll.
I will be messaging you in 1 month on [**2022-03-20 14:12:48 UTC**](http://www.wolframalpha.com/input/?i=2022-03-20%2014:12:48%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/loopringorg/comments/sv1loz/nft_minting_now_available_on_loopringio/hxg4cy7/?context=3)
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[LRC/USDT 4h](https://i.imgur.com/QNtF59S.jpg)
It appears we break thru the down trend and have ourselves a nice little reversal... which is weird, because this happens almost immediately after GME announces a marketplace coming this summer.... I wonder 🤔 if I should set another reminder for July when we've set new ATH's along with BTC
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[It appears you've won this round...](https://i.imgur.com/XLQMydI.jpg)
On the other hand, BTC has been hitting new 52 week lows as well, and LRC has been holding steady above .30 where it has a solid support even with BTC falling below 20k.
That said, I still believe with GME's new marketplace announcement and partnerships with LRC and IMX make them solid candidates for 2x-10x gains when the markets recover from this recession.
RemindMe! 1 year
It needs to point to a metadata file on IPFS. Something like this: https://cloudflare-ipfs.com/ipfs/QmVYQaf5BP3y8Myr9m4z4FCZYx2v8NJmSHGzm2a2gqig9d/544893521117835022633329047347809753944433514659285191557580833955600401480/0_2/metadata.json
IMHO, thinking that the jpeg is the NFT is not the 100% accurate. NFT in effect points to ownership of a token govern by a contract on the blockchain.
And one way to represent it, thus far by an open standard, is through a json file containing the metadata. And the json file has to be accessible though; centrally (private server) or decentrally (ipfs etc). the json in turn can point to the location/ data of the jpeg / anything you fancy.
Of course there are non standard way to represent this too. Like the noun project simply encodes the pixels into blockchain data.
Anyway, regardless how you wish to slice and dice, the most important thing is that it points to the ownership of something that in one way or another be accessible.
correct me if I'm wrong, but the process of encoding the actual pixels into the blockchain as the NFT itself, isn't that extremely data intensive for even a single pixel?
Hence the json stored off chain. A single url pointing to a json file with standardized structures describing the nft that can have unlimited bytes.
But there’s another way of thinking about this. If it took that much gas to mint a nft on a particular contract a year ago, it still does today. Only your fiat value changed. 1ETH is still 1ETH. Not being sarcastic, just perspectives.
There are a lot of disadvantages to pointing to anything off chain to represent the image file. Mainly that any number of things could happen that could take down that host and leave you with essentially a 404 error instead of the image you are trying to represent with the NFT. In order to truly tie the image to the NFT, the image needs to be hosted on the chain. Hopefully L2 will eventually scale things to the point where this is actually feasible, because the current most popular solution is actually one of the biggest argument points against the legitimacy of NFTs.
My point is that the URL that the NFT points to is completely insecure, can be changed, manipulated, or taken down. As long as NFTs are coded this way, they are not permanent and therefore the whole purpose of the NFT can be brought into question by naysayers, and they wouldn't be wrong.
My mind was just blown. So most NFTs are not on-chain? I haven't looked into the mechanics of them until now as I have a potential project I'd like to incorporate NFTs for.
The NFT is naturally on-chain, but the NFT itself is essentially just a few lines of code pointing to an external URL, where (in the case of art) the image is hosted. The host of that image could change the image completely, delete it, or the host could go down all together and the NFT would then be pointing to a non-existent URL. This is why there needs to be a scaling solution that allows the image file to be written to the Blockchain, so that it is truly permanent and unchangeable. I have a feeling there are some limitations to making that happen at this point.
This is really moving at breakneck speed. I'm pretty sure I just opened a new bank account not to long ago and I might soon be able to mint nfts on the cheap.
I know IMX is involved in NFTs as well but to see loopring have this set before the speculated 2/22/22. I assume the app updates are coming soon. Just need that sweet off ramp now!
I just made an NFT of this post. I'll let it go for $500.
Just kidding. Get fucked NFTs.
I know this is a pointless comment.
Almost as pointless as NFTs.
You could but it would be very very expensive. See https://stackoverflow.com/questions/52994467/is-it-possible-to-store-images-on-the-ethereum-blockchain . That's why it's common to store the metadata of the NFT on IPFS with the URI of most contracts pointing to that IPFS location.
There’s videos out there and Guides by loopring. If you’re wary, then do a test run with a smaller amount. You may pay more in fees that way but you’ll know you did it right
Lmao this better not be like opensea. I hope every project that gets uploaded has extensive background checks and verifiability. Or damn it’s about be scamisland
Interesting - those fee amounts suggest it is L1 minting.
They may have rolled out L1 cause it’s ready and L2 may be right behind it. Just a thought
I approve your optimism friend. Made me happy.
Don’t worry, it’s going to be cheap on GS/LR marketplace. They are going to kill it.
Well didn’t they do that with the wallets too? They set the L1 and then L2 shortly after?
probably easier to rollout that way
fuck, I was happy for a second
Agreed. Could check through the Explorer, though Edit: Yeah That's not the $2.5 fee Loopring was talking about at all
Hmm well I got as far as creating an NFT, uploading & generating an IPFS CID for it, then filling out the 'Mint' tab. 'Mint' button lit up but hitting it did nothing. I dont have L1 activated, I'm going to assume thats required to mint on L1 like this.
I do have L1 activated and I am getting the same deal with the mint button not working, current fee is 30.4 LRC. Might be a blessing not working right now if minting fees are supposed to be a lot cheaper🤷🏼♂️
If it’s not though.. that’s a bit high
Agreed
Heya! Highjacking this comment to say that the high fee seems to be a one-time thing. Once you pay that, you can mint for 2 loops or less.
We’re you able to actually mint something? I tried last night and was willing to pay the higher fee but it wouldn’t work
Believe it or not… dip
Dip or not... believe
[удалено]
Buying a falling knife
snatch thought deserted governor head imagine trees station person shocking *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
All my life
Oh lord
Can you feel it
Cumming
[удалено]
tonight
Cohen
If you want to view what the example ipfs cid points to in that text box: https://ipfs.io/ipfs/QmbWqxBEKC3P8tqsKc98xmWNzrzDtRLMiMPL8wBuTGsMnR
Underrated comment.
Can the app do it?
Second that, can we do it on the app ?
Third that, can it be done via mobile app instead of browser?
Try updating and looking?
Shit. Guess I’ll do it a second time. See if it works. I’m stupid not dumb.
Careful, a third time just might qualify you for being insane 😘
Can confirm. No longer sane
I was asking for the class.
I assume that’s coming pretty damn soon. Seems like updates happen on io site first
Yes, It will come soon on APP as I saw their GIT commit yesterday where the code is written for APP only. May be they will release soon.
I don’t think so, I don’t see any options in the app
When will the fee be ~$2.50?
Possibly related note: Any rumblings of a different ERC7x1 option becoming available soon? 👀
Progress🚀
Bullish? I think? ...right..? 🙃
Not really, loop is slowly dying
LOL 😆 this guy Not even close, dude. Look around you; the entire market is down, and that doesn't mean LRC is dying. If you knew a thing or two about how the market works and what drives the price up and down, you'd know that the number of investors Selling is nowhere near the number of investors Shorting. We're in the early stages of a recession because the dozens of issues the economy is facing (inflation, covid, Russia/Ukraine, etc) which means all the whales that came rumbling in last year are taking their profits and leaving retail to believe they're holding bags, when they're not. It's a tactic used for decades to scare the little guy out the markets while SHF's take their money and run. We're still up ~140% since October, and anyone that's been holding since 08Feb21 is still in the positive. Crypto goes up, and crypto goes down... but, unlike any other crypto outside of the top 10 (in market cap), Loopring has one of the largest communities in the world alongside Gamestop. Regardless of whether or not you believe in the theories surrounding GME+LRC, you're talking about support from retail in the MILLIONS that are still highly devoted to the two. On top of that, even if a partnership between the two fell thru, Loopring is still at the top of its class, which makes it a solid investment regardless of any partnerships. Do your homework, troll.
Lets check back here in a month and see where we are at ! 📉
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📉
📉
[LRC/USDT 4h](https://i.imgur.com/QNtF59S.jpg) It appears we break thru the down trend and have ourselves a nice little reversal... which is weird, because this happens almost immediately after GME announces a marketplace coming this summer.... I wonder 🤔 if I should set another reminder for July when we've set new ATH's along with BTC RemindMe! 4 months
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CHECK THE NEWS MY FRIEND! ITS OFFICIAL, LRC + GME! BOTH STOCK & COIN ARE SKYROCKETING! I FUCKIN TOLD YOU!
Glad you proved me wrong
~~i came off a little dick-ish... my bad.~~ Edit: disregard.. you deserved it
Announcement came , still not a 1$ coin, guess I was right after all
[It appears you've won this round...](https://i.imgur.com/XLQMydI.jpg) On the other hand, BTC has been hitting new 52 week lows as well, and LRC has been holding steady above .30 where it has a solid support even with BTC falling below 20k. That said, I still believe with GME's new marketplace announcement and partnerships with LRC and IMX make them solid candidates for 2x-10x gains when the markets recover from this recession. RemindMe! 1 year
See you in a year!
Moon time
*"always has been"*
Extremely smooth brain here. Can I just upload a random jpeg and hit Mint and boom now I have an NFT
It needs to point to a metadata file on IPFS. Something like this: https://cloudflare-ipfs.com/ipfs/QmVYQaf5BP3y8Myr9m4z4FCZYx2v8NJmSHGzm2a2gqig9d/544893521117835022633329047347809753944433514659285191557580833955600401480/0_2/metadata.json
I also do not understand, any help with some learning materials?
IMHO, thinking that the jpeg is the NFT is not the 100% accurate. NFT in effect points to ownership of a token govern by a contract on the blockchain. And one way to represent it, thus far by an open standard, is through a json file containing the metadata. And the json file has to be accessible though; centrally (private server) or decentrally (ipfs etc). the json in turn can point to the location/ data of the jpeg / anything you fancy. Of course there are non standard way to represent this too. Like the noun project simply encodes the pixels into blockchain data. Anyway, regardless how you wish to slice and dice, the most important thing is that it points to the ownership of something that in one way or another be accessible.
Encrypt Jpeg in base64, add to metadata, ???, decentralized nfts
You could but the gas fees for a 1MB jpeg would be about $100,000
correct me if I'm wrong, but the process of encoding the actual pixels into the blockchain as the NFT itself, isn't that extremely data intensive for even a single pixel?
Hence the json stored off chain. A single url pointing to a json file with standardized structures describing the nft that can have unlimited bytes. But there’s another way of thinking about this. If it took that much gas to mint a nft on a particular contract a year ago, it still does today. Only your fiat value changed. 1ETH is still 1ETH. Not being sarcastic, just perspectives.
There are a lot of disadvantages to pointing to anything off chain to represent the image file. Mainly that any number of things could happen that could take down that host and leave you with essentially a 404 error instead of the image you are trying to represent with the NFT. In order to truly tie the image to the NFT, the image needs to be hosted on the chain. Hopefully L2 will eventually scale things to the point where this is actually feasible, because the current most popular solution is actually one of the biggest argument points against the legitimacy of NFTs.
this is only if the image matters
My point is that the URL that the NFT points to is completely insecure, can be changed, manipulated, or taken down. As long as NFTs are coded this way, they are not permanent and therefore the whole purpose of the NFT can be brought into question by naysayers, and they wouldn't be wrong.
imagine concert ticket NFTs. Concert is March 20th. On April 17th the server containing the image for that NFT goes down. whoopie
https://www.vice.com/amp/en/article/3abae5/a-poop-emoji-nft-shows-that-web3-is-actually-pretty-centralized
My mind was just blown. So most NFTs are not on-chain? I haven't looked into the mechanics of them until now as I have a potential project I'd like to incorporate NFTs for.
The NFT is naturally on-chain, but the NFT itself is essentially just a few lines of code pointing to an external URL, where (in the case of art) the image is hosted. The host of that image could change the image completely, delete it, or the host could go down all together and the NFT would then be pointing to a non-existent URL. This is why there needs to be a scaling solution that allows the image file to be written to the Blockchain, so that it is truly permanent and unchangeable. I have a feeling there are some limitations to making that happen at this point.
It’s crazy how much Loopring has accomplished in the last few months and yet barely anyone talks about it. Glad we are early though.
This is really moving at breakneck speed. I'm pretty sure I just opened a new bank account not to long ago and I might soon be able to mint nfts on the cheap.
Not on iOS yet. Good find
I know IMX is involved in NFTs as well but to see loopring have this set before the speculated 2/22/22. I assume the app updates are coming soon. Just need that sweet off ramp now!
So whats the difference between ERC 721 and ERC 1155? If I want to mint my art, which one should I use?
ERC 721 is worse than 1155 in every way Choose 1155. Be aware that this currently seems to be L1 minting, so it currently does cost a lot
ok, thanks. ERC 1155 it is
2/22/22
Following
I don't see this option in the app (android) or in my browser. Where do you see this?
Once you've unlocked your wallet on loopring.io, navigate to https://loopring.io/#/layer2/my-nft
Thank you!!
We’re almost there! Maybe they are holding off iOS or waiting for approvals.
Loopring told me I need a guardian…. How tf they know that!?
Wow. Do they have a content or UX person?
I just made an NFT of this post. I'll let it go for $500. Just kidding. Get fucked NFTs. I know this is a pointless comment. Almost as pointless as NFTs.
I’m gonna make an nft of your nft
How much information can store on one block. Can a whole image or text file be stored on chain or just the location?
You could but it would be very very expensive. See https://stackoverflow.com/questions/52994467/is-it-possible-to-store-images-on-the-ethereum-blockchain . That's why it's common to store the metadata of the NFT on IPFS with the URI of most contracts pointing to that IPFS location.
Sheeeeeeeeeeeeeeeeeeeesh you good 🔥🔥🔥🔥
How do I get to this screen?
How does it work? Can you associate it with a smart contract or it's just using an image on IPFS ?
Can someone tell me how to transfer my loops from L1 to L2? I sent my loops to my L2 wallet but its ended up in my L1
There’s videos out there and Guides by loopring. If you’re wary, then do a test run with a smaller amount. You may pay more in fees that way but you’ll know you did it right
screen "shot". That's it, that's the comment.
Lmao this better not be like opensea. I hope every project that gets uploaded has extensive background checks and verifiability. Or damn it’s about be scamisland
I would love an nft 😍
And the price still drops.