Thread by Hunter Solaire
- Tweet
- Apr 14, 2023
- #Non-FungibleToken
Thread
NFTs will bleed fast if ETH keeps running
Collections have already lost over 30% of their ETH value
To find the NFTs that will survive - look for 1 common trait🧵
Collections have already lost over 30% of their ETH value
To find the NFTs that will survive - look for 1 common trait🧵
People are running from NFTs -> ETH because of $$$
So
The NFTs that stay afloat have value you can't measure with money
aka community value (even if it sounds corny)
Use this checklist to find those projects 👇
So
The NFTs that stay afloat have value you can't measure with money
aka community value (even if it sounds corny)
Use this checklist to find those projects 👇
1. Whale Presence
When a whale buys into a project the community celebrates
Why?
i) Whales usually buy for the long term
ii) Social Proof: whales are seen as smart traders and more people will buy in or hold if they see someone "smart" owns the NFT.
When a whale buys into a project the community celebrates
Why?
i) Whales usually buy for the long term
ii) Social Proof: whales are seen as smart traders and more people will buy in or hold if they see someone "smart" owns the NFT.
2. Influencer Presence
You've heard it 1000 times: NFTs are fighting in the attention economy.
What NFTs do you see the most on Twitter?
The value of being in the "cool club" is why many of the bluechips have 5-6 figure floor prices
Or why Nakamigos ran to 0.9
You've heard it 1000 times: NFTs are fighting in the attention economy.
What NFTs do you see the most on Twitter?
The value of being in the "cool club" is why many of the bluechips have 5-6 figure floor prices
Or why Nakamigos ran to 0.9
3. Sub-communities
This is a sign that people are building on top of the existing IP
You don't put in this much work if you want to flip in a week
Examples:
@n00unsDAO
@y00tsathletics
@PudgyGaming
@spiritdao
@grailhalla
The more active micro-communities they have the better
This is a sign that people are building on top of the existing IP
You don't put in this much work if you want to flip in a week
Examples:
@n00unsDAO
@y00tsathletics
@PudgyGaming
@spiritdao
@grailhalla
The more active micro-communities they have the better
4. Lore
Part of what makes a community strong is its shared stories
It can change history like the "I am my penguin" moment from 2021
Or a nice memory like the "worm" dance at NFT Paris
These individual events strengthen the connection between holders and their NFT
Part of what makes a community strong is its shared stories
It can change history like the "I am my penguin" moment from 2021
Or a nice memory like the "worm" dance at NFT Paris
These individual events strengthen the connection between holders and their NFT
5. Art Commissions
This works just like sub-communities
Are holders spending money to:
• support artists
• build their personal brands
• strengthen the project's IP?
Then they're not trying to sell anytime soon.
This works just like sub-communities
Are holders spending money to:
• support artists
• build their personal brands
• strengthen the project's IP?
Then they're not trying to sell anytime soon.
If you're holding more in NFTs vs ETH the situation isn't great
The good news is these are some of the best times to buy
But:
Do you have enough conviction to buy new NFTs or add to your current bags?
That's a question only you can answer
The good news is these are some of the best times to buy
But:
Do you have enough conviction to buy new NFTs or add to your current bags?
That's a question only you can answer
Thanks for taking the time to read the thread 🤝 💛
Follow me @huntersolaire_ for more.
Like/RT the first tweet below if you can:
Follow me @huntersolaire_ for more.
Like/RT the first tweet below if you can: