We are huge believers in this too, and that's exactly why we built Nosh.
The classic art NFTs that we all know and love definitely can have another run but not only that, there is also way more that NFTs have to offer as a whole.
NFTs are expanding far beyond collectibles and communities. With standards like ERC-6551, an NFT can become a wallet of its own, an ownership layer for anything on-chain.
Memecoins are evolving too, past hyper-rotational attention trading and into something that actually accumulates value.
On Nosh, a memecoin is the liquid layer anyone can trade. 80% of its creator fees flow into a contract that can only buy NFTs from its paired collection's floor, and those NFTs get raffled back to holders on-chain.
Trading funds ownership. Ownership rewards holding.
Holy moly we never highlighted the last winner, 2 hours ago someone won this PSA 9 Mega Gangar . They can sell it or have it shipped to them on Opensea. Remember some cards on solana you need to open metamask, sign and give your SOL address to receive the nft and prove ownership. @UseNosh $NOSH $CARDS 0xc933111439338eBfe3eCcBB736DD39F24AF1356d
I think the market is completely mispricing robinhood:0xe02c53d448a62067b2ac10ed70f5bc6c29471386 at $2M.
The protocol has generated $414k in revenue in four days. Roughly $100k/day.
For reference, PONS at a ~$650M mcap generates around $250k/day. NOSH is already doing more than double the daily revenue of Four, Meteora DBC and o1 combined.
And all of this is happening while the platform is still highly experimental and people are barely scratching the surface of what can actually be launched on it.
It reminds me a lot of early Long, when everyone was launching the most obvious possible pairs like GME/GME before people started understanding what the primitive could actually be used for.
Look at @UseNosh right now and most launches are simply memecoins sharing the name of an NFT collection. I don't think the market has priced in what happens once people start launching memes native to those NFT communities instead.
Think $FEMBOY paired with Miladys. An $ARTCOIN paired with Fidenza. The NFT itself becomes the underlying cultural asset while the coin gives people a liquid meme to speculate on around it.
That's where I think this gets interesting.
NFT whales (yes, they still exist) are naturally incentivized to see successful coins built around the collections they already own. Higher attention on the coin drives attention back to the collection, while protocol fees continuously accumulate more of the NFTs.
Most people seem to be waiting for NOSH to produce its first few 10M+ runners before deciding the model works and bidding the protocol.
I think that's backwards.
I find those runners inevitable, so I grabbed ~1% of the supply here and I'm happy to sit on it until the thesis plays out.
I like the odds.
We just pushed a bunch of new updates to the website. Here is everything that's changed:
- Added a Rewards feeds that shows all the NFTs won by holders on that specific coin and it also shows whether or not it has been claimed yet by the winner if its a cross chain scenario.
- Cleaned up the landing page to make room to display more top tokens on the platform
- Merged the collections tab into the explore tab as well as merged the payments and the analytics tab together to clean up the nav bar.
Today was yet another amazing day with the addition of Trading Card NFT pairings on the platform and other updates. We've got a lot of big things in the works that we will share with you all as soon as they are ready.