As things are spicing up with #DMT and #Natcats I decided to splurge a little and spend $10k on this beauty.
Rarity ranked 16!! Only 7 Alien Diamonds!
I don't usually buy with conviction, but when I do......
How does this make you feel?
Ordinals projects in their ETH value.
A few observations:
While Ordinals had a good run, floor prices are still quite far from the floor prices of ETH NFT projects during the last bull market.
Given the fact that even top Ordinals projects are struggling to maintain a two digit ETH equivalent floor price...
(and assuming that Ordinals will see a similar run as ETH NFTs did back in 2021/22)
...one could conclude that they still have plenty of room to run.
The same is true when looking at market cap, even if Runestones with its 112k collection is clearly an outlier here.
The Runestones market cap is currently 172,020 ETH, which is already pretty close to peak ETH NFT bull market valuations.
Thoughts?
OK so wtf is a Natcat?
Friends @nftspeculator23 and @B00Shay introduced me to this yesterday. And I'm pretty damn intrigued.
Natcats are an Ordinals collection based on something called Digital Matter Theory. Basically, the collection size and traits of each are determined entirely based on historical immutable data from BTC.
The patterns required to create a Natcat don't show up very often; roughly 1/100 blocks. So instead of, for example, a developer saying "500 of our NFTs will have hats" or "the collection size will be 10k" that's now determined entirely by the blockchain.
Non human determined allocations of traits and supply.
Right now you can't technically inscribe the Natcats. You essentially inscribe coded receipts as Ordinals, which then prove you were the first to find the cat. But there are already sites using that data to show which cats you own in your wallet.
This "feels" very similar to when Ordinals came out and everything was technically difficult/confusing. But those who put in the effort were highly rewarded.
I picked up 10 OTC myself with the help of my friends above. I think it's an extremely cool/intriguing concept.
Here's the gitbook link for anyone interested in learning more:
https://t.co/57PRVUpHct
🟢🚀 Just confirmed - I'm on the Mint Genesis NFT Whitelist for the @Mint_Blockchain airdrop!
Feeling lucky to be a part of the @Mint_Blockchain evolution, minting a new era for NFTs. 🍀
👀 Check your #MintGenesisNFT airdrop eligibility here:
https://t.co/14WWv8hfq6
I survived the bear market and claimed my $FRAME tokens!
@frame_xyz is the Layer 2 for creators and collectors. If you've traded NFTs on Ethereum and paid royalties in the past two years you're eligible! 🖼️🎄
You can check here 👇 https://t.co/RjefuGxz2a
Don't be foolish. Learn from past mistakes.
Selling $DOGI or other #DRC20 tokens right after the first CEX listing has consequences.
Let's not repeat history #BRC20. Be intelligent. 🤗