Babestation Launches NFT

(20-11-2022 03:45 )Scots Napoleon Wrote:  

(19-11-2022 20:08 )gazcraw77 Wrote:  I can see the scrapbook sitting on some lads coffee tables or shelves with pride ha ha

How can you put a digital item on a coffee table or a shelf though? I mean it's digital, right?

Oh yea ha ha oops

(19-11-2022 12:35 )ryuken Wrote:  I'd love to know who will buy these NFTs

1. People who happen to have an interest in Babestation and/or one or more of the girls in question (i.e. fans) and who also have an interest in digital collectibles. This is the first reason given by Babestation themselves in their sales pitch.

2. People who have an interest in Babestation and/or the girls in question but don't have an interest in digital collectibles, but nevertheless see them as a part of fandom or giving them a connection to something or someone they follow.

3. People who think it's a good investment or might turn out to be a good investment (taking into account the included credits it's only £9.99 for anyone who fancies a punt). This is the second reason given by Babestation themselves.

4. People who are interested in the perks that NFTs usually offer, in this case 'exclusive, never before seen content' and for the scrapbook 'personal, private steamy messages from models'. This is Babestation's third reason in their pitch.

(19-11-2022 19:49 )circles_o_o_o Wrote:  I may be misunderstanding how this works but it seems from the above info that 1000 people (potentially) can look at the same picture online and say "I own the nft for that!" Which kind of defeats the exclusivity point of the whole thing.

Unless you bought all 1000 yourself.

(19-11-2022 21:08 )ryuken Wrote:  maybe BS will easily find plenty of punters willing to spend £29.99 on NFTs or £149.99 on a scrapbook.

Taking into account the included credits, the NFT is a mere £9.99 which is a drop in the ocean for the regular tippers. The scrapbook would actually make you money, as it includes 2000 credits which as far as I know is worth £200, against the purchase price of £149.99.

Bearing in mind that Babestation mentioned the figure of 100,000 tokens, I thought I'd take a more detailed look at the 3 NFTs I mentioned earlier to get an idea of the numbers involved.

Lana Rhoades:
offered 6,069
price about £178
sold out 100%

Arsenal FC:
offered 2,000,000
price about £5.50
sold out 100%

Liverpool FC:
offered 171,072
price about £57
sold 9,744 (5.7%)

On the subject of numbers, it hasn't been explained by Babestation what the initial launch period would be and what would happen to any unsold tokens. We're being told that registration is open, but are lacking this very important information, so the existing marketing blurb is seriously inadequate and not fit for the purpose.

Put it this way, whether they mint or don't mint any unsold tokens is going to be critical to the value of those that have been sold, and yet we don't know what their intentions are in this respect. We're told to "watch its value increase" but without any proper information on how exactly this NFT is going to be launched.

(20-11-2022 01:37 )marlowe Wrote:  The statement that "you can buy a Babestation digital collectible NFT and then watch its value increase over the coming months and years" is a breach of the advertising rules because digital assets are an investment product and the marketing of investment products is required to make it clear that the value of investments is variable and can go down as well as up.

Agreed, it's a clear breach of the advertising rules. Marketing of investment products must make it clear that the product value can go down as well as up. However, I can see 3 other rule breaches too which I list below.

Marketing for an unregulated financial product like an NFT is supposed to make it clear that it's an unregulated product.

All material information that the consumer needs to make informed decisions in relation to a product must be made available.

It should be mentioned that Capital Gains Tax could possibly be payable if profit were to be made from investing in an NFT.

The failure to make it clear that the product value is variable is a breach of CAP Code rule 14.4. The second item is a breach of rule 3.9 and probably rule 3.1 as well. The third item is a breach of rule 3.3 and the last a breach of rule 14.1 and probably rule 1.3.

(20-11-2022 22:14 )Preeti Fan Wrote:  Taking into account the included credits, the NFT is a mere £9.99 which is a drop in the ocean for the regular tippers.

Yes it's only a tenner. But I can't help thinking that Babestation are probably a bit late to the party here, as the failure of so many NFTs has led to them being perceived in a rather negative light, even if there have been some notable successes.

(20-11-2022 22:14 )Preeti Fan Wrote:  

(19-11-2022 21:08 )ryuken Wrote:  maybe BS will easily find plenty of punters willing to spend £29.99 on NFTs or £149.99 on a scrapbook.

Taking into account the included credits, the NFT is a mere £9.99 which is a drop in the ocean for the regular tippers. The scrapbook would actually make you money, as it includes 2000 credits which as far as I know is worth £200, against the purchase price of £149.99.

I didn't even notice that BS are losing £50 for each scrapbook they sell.

At least S66 sold their magazine for about £20.

I'll be watching this with interest to see how it does. I mean some NFTs have been successful so let's see what happens.