Money Moral Dilemma - Invested in NFTs with a friend

Fernendo321

I invested in NFTs with a friend.  (If you don't know what an NFT is think of this like a modern electronic version of pokemon cards) our objective was to make money from our investment.  We purchased together instead of separately to save on transaction fees.

We purchased 10 NFTs in total which was to be split 5 each.  After purchasing you get eggs that haven't yet hatched.  We agreed to write down the number of each egg and have her pick 5 numbers of out a hat.  That way the distribution would be totally random and fair with no arguments later as to who gets which NFT (they are all different dinos with a different rarity level).  She picked out 5 numbers kept those eggs and transferred the other eggs to me.

She was perfectly happy with how everything went until they hatched and I got 3 birds which are rare and she didn't get any birds.  At first it wasn't a big issue because the project didn't look successful so she didn't care much but fast forward 3 months and the project has had a lot of success.  Now she is saying that it's not fair that she didn't get a bird and she was taken advantage of and a good friend would give her a bird or sell her one at 50% below market rate.  

From my point of view it was fair, random and agreed upon.  She is a much wealthier person than me and can easily afford to buy a bird if she wants one that badly.

I have $1400 invested in this project that I need to get back just to break even so I don't feel comfortable giving her a bird or selling her a bird at 50% below market value like she asked me to.  I feel it was an investment and we should both act professional and stick to what we agreed.

I've invested in some other projects and this is the only one I've had good luck on so it's important I maximise my profit.

If I was in her shoes I would most probably would be jealous about not getting a bird but that's the whole nature of an NFT lottery you don't know what you will get.

If we purchased separately there would be no argument but because we purchased together to save on fees suddenly that means I owe her a bird.

Fernendo321

What would you do?

Marvel1

Tell her they were allocated randomly, no different than gifting a scratch card and the card is a winner - it's a risk you take.

Pollycat

Fernendo321 said:

I invested in NFTs with a friend.  (If you don't know what an NFT is think of this like a modern electronic version of pokemon cards) our objective was to make money from our investment.  We purchased together instead of separately to save on transaction fees.

We purchased 10 NFTs in total which was to be split 5 each.  After purchasing you get eggs that haven't yet hatched.  We agreed to write down the number of each egg and have her pick 5 numbers of out a hat.  That way the distribution would be totally random and fair with no arguments later as to who gets which NFT (they are all different dinos with a different rarity level).  She picked out 5 numbers kept those eggs and transferred the other eggs to me.

She was perfectly happy with how everything went until they hatched and I got 3 birds which are rare and she didn't get any birds.  At first it wasn't a big issue because the project didn't look successful so she didn't care much but fast forward 3 months and the project has had a lot of success.  Now she is saying that it's not fair that she didn't get a bird and she was taken advantage of and a good friend would give her a bird or sell her one at 50% below market rate.  

From my point of view it was fair, random and agreed upon.  She is a much wealthier person than me and can easily afford to buy a bird if she wants one that badly.

I have $1400 invested in this project that I need to get back just to break even so I don't feel comfortable giving her a bird or selling her a bird at 50% below market value like she asked me to.  I feel it was an investment and we should both act professional and stick to what we agreed.

I've invested in some other projects and this is the only one I've had good luck on so it's important I maximise my profit.

If I was in her shoes I would most probably would be jealous about not getting a bird but that's the whole nature of an NFT lottery you don't know what you will get.

If we purchased separately there would be no argument but because we purchased together to save on fees suddenly that means I owe her a bird.

Show her the bit in bold - in particular the 'we agreed'.

Fernendo321

Marvel1 said:

Tell her, they were allocated randomly, no different than gifting a scratch card and the card is a winner - it's a risk you take.

Thank you for your reply.   Yes I did tell her that her response was I am a bad friend who took advantage of her and she got totally ****** I can't help but think if the shoe was on the other foot she wouldn't give me a bird but obviously I can't say for sure.

Fernendo321

Pollycat said:

Fernendo321 said:

I invested in NFTs with a friend.  (If you don't know what an NFT is think of this like a modern electronic version of pokemon cards) our objective was to make money from our investment.  We purchased together instead of separately to save on transaction fees.

We purchased 10 NFTs in total which was to be split 5 each.  After purchasing you get eggs that haven't yet hatched.  We agreed to write down the number of each egg and have her pick 5 numbers of out a hat.  That way the distribution would be totally random and fair with no arguments later as to who gets which NFT (they are all different dinos with a different rarity level).  She picked out 5 numbers kept those eggs and transferred the other eggs to me.

She was perfectly happy with how everything went until they hatched and I got 3 birds which are rare and she didn't get any birds.  At first it wasn't a big issue because the project didn't look successful so she didn't care much but fast forward 3 months and the project has had a lot of success.  Now she is saying that it's not fair that she didn't get a bird and she was taken advantage of and a good friend would give her a bird or sell her one at 50% below market rate.  

From my point of view it was fair, random and agreed upon.  She is a much wealthier person than me and can easily afford to buy a bird if she wants one that badly.

I have $1400 invested in this project that I need to get back just to break even so I don't feel comfortable giving her a bird or selling her a bird at 50% below market value like she asked me to.  I feel it was an investment and we should both act professional and stick to what we agreed.

I've invested in some other projects and this is the only one I've had good luck on so it's important I maximise my profit.

If I was in her shoes I would most probably would be jealous about not getting a bird but that's the whole nature of an NFT lottery you don't know what you will get.

If we purchased separately there would be no argument but because we purchased together to save on fees suddenly that means I owe her a bird.

Show her the bit in bold - in particular the 'we agreed'.

Thanks for your reply.   Yes I tried to tell her that but she wouldn't listen.

Fernendo321

Does anyone here agree with her point of view?  If so I'd be interested to hear your thoughts.

Fernendo321

She said that I wouldn't even know about the project if it wasn't for her telling me about it so I should be grateful and give her a bird.

Of course if the project was a flop I wouldn't be able to blame her and say I'd have never invested if it wasn't for you (it doesn't work that way around)

Carrot007

Fernendo321 said:

What would you do?

Not buy pointless links to intangible goods that can be removed at random and can easilly be downloaded by anyone for free who may be interested in pointless things.

Get rid fast.

Fernendo321

Carrot007 said:

Fernendo321 said:

What would you do?

Not buy pointless links to intangible goods that can be removed at random and can easilly be downloaded by anyone for free who may be interested in pointless things.

Get rid fast.

I appreciate that but my question was more about the "moral dilemma" of do I give her a bird or not.

These NFTs actually have utility as they provide access to games, concerts etc on the Metaverse and you get a share of the income generated from sales if you have a full set.

If someone Downloaded it or took a screenshot they wouldn't get any of the perks.

newdriver101

I don’t think there is a dispute on the facts or what was agreed.
Your friend simply wants to change the nature of the agreement because she ended up with the rotten end of the deal.

You clearly have no obligation to change the deal you agreed so I think your “dilemma” hinges on whether you want to maintain the friendship or not…

These eggs are going to forever be a glitch in your friendship.

The way I see it - these are your options:
- If you want to maintain the friendship + moral high ground then sell the eggs to a 3rd party (ie remove the “offending” assets that have turned you into warring friends - resume friendship as if this never happened)…

- If you want to maintain the friendship but are still hurting as a deal is a deal + she agreed to it then SELL her an egg (ie you still have 2 she has 1 + you’ve made some money from the sale so you still “win” - sort of)…

- If you want to maintain the friendship at all costs then GIVE her an egg (ie she;s a friend, it’s only money, you both “win” - kind of)…

- If you don’t want to maintain the friendship then ignore the friend + move on with your life and NFTs...