the BAYC (bored ape yacht club) is a collection of 10,000 NFTs going bananas.
i wanted to understand why something that started at $200 is now going for $130,000 MINIMUM (a 650x increase). and why these individual NFTs are being sold for $3 million bucks
let's dig in:
in days, volume has reached $56,000,000
truly funny money
but shows the value of (1) a great artist, (2) an existing audience/community, (3) open-sourcing the vision, (4) the typical twitter hype train, (5) not trying too hard
what's the hype with around all these pixelated toads @cryptoadzNFT? they've now reached $56MM in trading volume
i read an excellent breakdown from @WPeaster and the team @bankless, here's what i learned
Most of you have never been in a real crypto bear market, itβs obvious in your tweets. Iβve been in 2, please take profits. I can 100% guarantee you there will be another one, especially in NFTβs and Iβll be there to scoop up the mess when you all dump at a severe loss. Be wary!
You can literally do ANYTHING your brain imagines
Characters, vehicles, items, environments, buildings, entire universes, you name it... possibilities are infinite
People who can create, will be Gods of the #metaverse#FLUFWORLD#FLUFtober#madewithFLUF
on the ethereum blockchain, all your transactions are public - which was a huge concern to me. turns out, you can anonymize your transactions by using @TornadoCash - kinda amazing https://t.co/r46V5NbuTz
want to experiment with #Ethereum and #ETH without putting real $ at stake? getting "test ETH" is the way to go.
here's a super simple, 30 second guide i used: https://t.co/TAMD60m5z4
my beginner's to-do list to get into NFTs:
1. buy my first NFT
2. sell my first NFT
3. mint my first 1/1 NFT
4. mint my first algorithmically generated NFT
5. ???
6. profit
fascinating case study in how influence is being wielded in 2021.
a twitter account (@punk6529) that had no followers a few months ago is now at 100,000, and galvanizing a movement of his own
lots to learn
i'm just a student of the #NFT and #web3 game
1/ On A Pathway To An Open Metaverse
We are going to make a run at changing the arc of history.
It is a Return of the Jedi vs the Death Star style mission.
They have the money and the power. We mostly have our brains, our community and gm.
But it might be just enough
3 months of crypto bull market left.
ETH to $10k.
NFT floors through the roof.
$1B val DAO tokens.
Then it will all come back to reality as we spend 3 years focused on better onboarding.
Good luck π€
Those who are crazy enough to believe in themselves and their ideas will usually make it far.However only those who can find balance between crazy and consistent are going to really make it. You can be crazy but if you donβt show up, nothing happens.