Buying and Burning a MEME NFT

The @buynburn account uses the HIVE and HBD it earns to buy and burn coins on #hive-engine. I write all of the posts by hand which is why I add the #POB tag.

I started experimenting with NFT Memes on my primary account. I create the images with NightCafe. NightCafe uses Stable Difusion and DALLE*3 to create compelling images from a prompt.

The program creates compelling images with relatively little effort.

I believe that AI images will be a boon for the HIVE Meme Tribe as AI provides an affordable way to create compelling images with fewer copyright concerns than other pathways.

The MEME above shows robots minting coins.

The meme highlights one of the biggest problems with NFTs. Once the robots have been programmed. It takes relatively little effort for the robots to mint coins. The ease with which robots can mint NFTs shakes the NFT market at its core.

HiveMe.me charges 600 MEME to mint an NFT and 100 MEME for each edition. I wasn't quite sure how to deal with the formula; so for this first NFT, I decided to mint 12 editions. This is 1700. I kept one for my personal collection. The gallery also takes a 10% cut of sales. 1700/11 = 154. I decided to sell the MEMES for 200 MEME as that is an even number.

BTW: If you buy an NFT, you should relist it for a higher price. That way it will show up in your gallery.

This the transaction for the purchase. This is the transaction for the burn. The HiveMe.me NFT uses a token called VIRAL. So, I bought and then burned VIRAL token 1042.

It is possible to create games that involve the purchase and destruction of tokens.

Since this post is about NFTs for the #MEME tribe, I decided to burn 1579 MEME which would bring 0.157 HIVE at the current BID price. I bought the coins at ASK for this post.

After Words

I will use the HBD and HIVE earned from this post to buy and burn other HE tokens. Let me know the tokens you want to target.

Posted using MemeHive