Today I bought my first NFT.ππ€
It probably won't be my last.
Over the past few weeks I've been diving deeper into Web3, and I've realized it's so much more than charts and speculation.
Happy to officially join the @R3ORDR community.
Thanks @Dario_Desiena for building something that made me want to take that first step. π€π€
GM, people of the internet. Yesterday, saw an origami in a bookstore and got this silly idea... WIP: building a low-poly version of my king @wearejpegfrens π
Anyone want one for their favorite frens?
@MichMast@wearejpegfrens@Richi0118 Lets do thisπ€ͺπ€ of course u can do it wherever u want, but come and get it in my studio would hella dope ππ€
I've been thinking a LOT more about the @wearejpegfrens Workshop coming November 13th, and honestly... I don't think we're bullish enough yet ππ₯
We're about to get a place where we can swap existing traits on our BASE FRENS for BRAND NEW, EXCLUSIVE traits.
And this isn't just a one-time thing. We're talking ongoing trait drops paired with collabs from all across the space. π€―
I see TWO HUGE opportunities here:
1. EXCLUSIVE TRAITS = MORE DESIRABILITY π
Imagine swapping out a common trait for something much rarer... or even landing a potential 1/1 trait.
If certain traits become highly sought after, could we see a whole new level of value and desirability for the Frens that have them? ππ
2. COLLABS = EXPOSURE π
Never underestimate the power of getting in front of new audiences.
We've already seen collabs with @AdamWeitsman, @Tma_420, and @0xAlphaGEMs, just to name a few.
Now imagine more influential builders, artists, and big names from across the space putting their own touch on exclusive Fren traits.
The exposure alone could be HUGE. π₯
We still don't know exactly how access to the Workshop will work, but I'm beyond excited to see what's revealed over the coming weeks. π
I couldn't be more bullish on the future of JPEG FRENS. We're just getting started. π«‘
DAY 28 of buying 1 NFT every day until I get rich π€
TODAYβS BUY: @wearejpegfrens #7419 π₯
Letβs be real β most people buying NFTs want to make money.
So today I want to explain why I believe JPEG FRENs has a VERY interesting setup from an investment standpoint π
The biggest thing people are overlooking?
THE FORGE.
One of the simplest ways an NFT collection moves higher is when buyers continuously sweep the floor.
JPEG FRENs has built a mechanic that actually ENCOURAGES that behavior.
With the leaderboard system, collectors are incentivized to accumulate FRENs to secure guaranteed opportunities at Rares, Legendaries, and Grails during each Forge.
That creates competition.
Competition creates sweeps.
Sweeps thin the floor.
And the Forge itself permanently reduces supply.
That combination is extremely interesting to me.
We already saw a glimpse of it before the first Forge snapshot when the floor ran to roughly $27 before settling back around $17.
To me, that proves the mechanic can create demand.
The bigger question is what happens after multiple Forges when the supply becomes significantly thinner.
Could we see a seesaw effect?
Forge 1:
$17 β $27 β $17
Forge 2:
Maybe $20s β $30+ β settles higher
Forge 3:
Maybe another step up...
Obviously nobody knows exactly how this plays out, but I believe there's a real possibility each Forge slowly establishes a higher floor as supply disappears and collectors compete for leaderboard positions.
And that's WITHOUT considering everything else being built like the workshop and many things that have been hinted atπ
There's also so much else to be bullish about:
π₯ Minted out before public
π₯ Partnerships/collabs involving @AdamWeitsman, @Tma_420, @0xAlphaGEMs & @rarifoundation
π₯ Major NFT collectors like @osseneth among the top holders
π₯ Talented builders in @Richi0118 & @cryptopeng1
π₯ ORIGINAL, instantly recognizable art
π₯ A growing community repping FRENs as PFPs everywhere
π₯ A collection that literally evolves through every Forge
And we're talking about a roughly $17 floor?
Short-term price action doesn't determine long-term potential.
Maybe I'm wrong.
But the deeper I dig into JPEG FRENs, the more convinced I become that there's something VERY special being built here.
I encourage you to dig into this one deep...
Because there is A LOT more to this project than just the floor price. ππ₯