The Ordinals thesis is simple: If I'm buying a high-end digital collectible, why would I do so on anything less than the most Lindy chain?
All considerations are secondary to permanence apart from recognition of validity.
Why Nodemonkes are Digital Real Estate
An analysis, read below ๐
While floor price is often seen as a barometer for collection performance this metric alone fails to capture the nuanced dynamics that defines a truly coveted collection. Specifically, the premium prices paid for certain traits and the rarity of their listings offers a better picture of the collections desirability and longevity.
The behavior of @nodemonkes collectors mirrors that of Class A real estate investors in several key ways. Real estate investors seek properties in prime locations with key demand drivers and architectural significance. Nodemonkes collectors gravitate toward traits that exude rarity, cultural relevance and aesthetic appeal as evidenced in the chart of the distribution of trait premiums to floor price multiples.
Further in the same way that class A real estate investors are long term oriented given the nature of scarcity of the assets they own, collectors of rare Nodemonke traits exhibit similar behavior given limited listings and the asking prices of those assets.
When comparing Nodemonkes to Bitcoin Puppets based on the distribution of trait premiums to floor price multiples it is apparent that Nodemonkes are the more robust and desirable collection based on current market dynamics.
The distribution analysis suggests that thereโs a more of a long term and collector oriented nature to Nodemonkes market as buyers race to acquire and sit on what traits they believe will be the equivalent of buying property in Manhattan early on versus the more momentum and trader driven mentality of Bitcoin Puppets.
Go long art, send nodes, floor price is noise
Distinct lack of pure art Ordinal collections in the top 10 by mkt cap vs in the top 10 NFTs on Ethereum. Wonder how long that'll last, can't think of a better way to store art than on Bitcoin
screenshots from @nftpricefloor
QQL turns 2 on September 28th! The QQL Council has refreshed the Seedbox to mark this milestone.
Since 2022, nearly 35 million seeds have been generated by dozens of parametric artists pushing boundaries.
The Seedbox 2.0 highlights the evolving aesthetics of QQL, reflecting new discoveries and shifting tastes.
To the QQL Community & QQL Council: your passion drives this project, thank you for dedication to generate so many incredible seeds all while fostering such a welcoming community!
If you are looking for the perfect seed to mint at the 2nd Anniversary Live Mint Party (Sept. 28th 4PM ET in Discord) this is an excellent list to take a look at.
Link to the Seedbox in next post.
Seed featured courtesy of @jazurephoto
If you bought @sovrnart CENTS under 1st quartile secondary acquisition cost, congrats - you just hit a 3x. Listings are at their lowest point since April too.