Thread by @LAMPphotography

Why Do People Collect NFTs? - Private Club Membership

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#nft #nftcommunity #membership

1) Many NFT projects function as private social clubs for their collectors.

2) Some NFT projects host events that require ownership of one of their assets to attend. Others run thriving Discord servers with private collectors-only channels. There are even NFT projects that promise to promote your art to art collectors if you buy one of their NFTs.

3) This is how many of the PFP (profile picture) NFT projects operate.

4) @BoredApeYC hosts holders-only events a few times each year, @90sbabesnft has a thriving Discord community where people can connect over their love of 90s nostalgia, and @nabulines hosts Twitter spaces for members to share and try to sell their own artwork.

5) In these examples, the purchase of an NFT acts as membership dues to participate in a community.