Want to know how they did it? check the thread below 👇🧵 #BAYC100#NFTs
BTW if you like it pls RT/share this 1st post
WHAT WE WILL COVER:
-Catalyst
-Cultural Narrative
-Brand
-Tokeconmics/team
1/ CATALYST
The catalyst that kicked off the #NFT craze in 2021 was when @beeple sold his artwork for a massive $69M in May.
2/ CULTURAL NARRATIVE
Thie catalyst kicked off a narrative that #NFT would be the future of art & community.
This saw 1000s of copycat #NFT projects launched. Many of them are now 'worthless JPEGs'.
But @BoredApeYC has thrived...wanna know why? Keep reading on.
3/ BRAND STORY - 1
After @beeple fuelled the #NFT craze many projects like @thecryptopunks by @larvalabs became increasingly expensive & out of touch for more retailer buyers.
@BoredApeYC subverted this in the following ways...
- #apes represent people who 'aped' into crypto early & made millions in the future.
-They were now so rich they were bored out of their mind.
-This story tapped into the dreams of so many in #crypto (WAGMI!)
5/ BRAND STORY - 3
-In the beginning, they also positioned @BoredApeYC as a challenger to the elite and too expensive @thecryptopunks . They where the 'challenger brand'
- This resonated with a lot of #NFT#crypto investors who could not afford these projects
6/ BRAND INFLUENCE @BoredApeYC has also leveraged influence very well:
-@pranksy one of the most influential #NFT investors was one of the first to APE in. Bring fame to the brand.
Whilst most #NFT projects at the time were copy & paste efforts, @BoredApeYC stood out because:
-They created real utility (you own the IP to your ape, you could iterate with it, there was a club to hang out at)
-The art style was truly unique/stood out.
8/ TOKECONOMICS & TEAM
The price of @BoredApeYC has also been helped to grow by:
-The capped the supply of original apes and especially exclusive gold ones.
-Amazing community that rarely sells and fights to increase the floor price.
Many will be down bad in #crypto
Maybe you followed a terrible pick from an #Influencer & it dumped.
If you want to win in #crypto & you need to beat them.
You need to use the tools they do & find the best #HiddenGems first.
Here is a list of 15 essential tools you need 🧵👇
1/ MESSARI
Always try to spot the next big macro trend or 'narrative' in #crypto. Just because #play2earn or #DEFI was hot in the past, doesn't mean it will be in the future.
We live in a world where we expect everything immediately. We can buy whatever we want, with one click. We can order a taxi, instantly. And stream endless content, whenever we want.
1/ PRODUCT-MARKET FIT pt2
In this increasingly impatient world, $NFLX had a great product-market fit.
-epic amounts of great content.
-content that dropped all at once, no need to wait, just binge it all straightaway.
-no distractions, 100% ad-free.
-very cheap monthly fee.
Investing in #crypto isn't easy.
Most make big mistakes.
And many lose a lot of money.
I have spent countless hours reading & improving.
And learning from my mistakes.
Here is a simple thread with the 7 key things I have learned & you need to know 🧵👇 #cryptocurrency
1/ RESEARCH (i)
Despite being told to do you’re own research #DYOR most new investors don't! They APE in & let greed/emotions take over.
You NEED to do you’re own research & form you’re own hypothesis.
BTW watching an influencer Youtube video doesn't count.
1/ RESEARCH (ii)
Some of the most important things you need to research on a project are:
-Tokeconomics (market cap, unlocks & allocation)
-Brand story (a project many can get behind)
-Brand experience (is it easy to use + build upon)
-Does it play to a #crypto narrative