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Jun 19 • 16 tweets • 6 min read
BAYC has fallen from 150Ξ to 8Ξ
A pragmatic look at the rise and fall of the most successful NFT collection of all times 📉
BAYC minted in May '21, selling out all 10,000 units at 0.08Ξ
The mint process was unique at the time, as most mints were on a bonding curve pricing, meaning the last NFTs were more expensive to mint
BAYC established the fixed mint price and reinforced the 10k model
1/11
Let's start by defining value. In the NFT space, attention is the most important factor.
Not Utility.
So I looked at 3 key factors to come to my conclusion.
• Community
• Price
• Potential growth
What I found was mind-boggling.
2/11
Jul 11, 2022 • 8 tweets • 4 min read
Twitter is the No1 place to find your early alpha on new NFT projects, threads, meme lords and more, but to use Twitter in the best way possible, there are a few great tricks.
I will share with you how I now make the most of threads, bookmarks, reminders, and more. 🧵
ʙᴏᴏᴋᴍᴀʀᴋɪɴɢ:
Underrated feature imo, if you ever see a @notthreeadguy thread, and want to read it over lunch, bookmark it and it will be added to the list. Build a list of favourite tweets, thread, memes, all in one place.
Jul 11, 2022 • 13 tweets • 4 min read
SAAS companies are the future of NFTs.
The current NFT business model is not sustainable for 95% of projects and some change will be needed to progress over the next 12 months. 🧵
SAAS (Software As A Service) companies are businesses that usually work on subscription model. You pay a monthly fee to access their technology. That's how most NFT tools work. You pay to use the tool on a monthly fee, think @icy_tools or @compass_nft.