To understand what projects are or have the potential to be "Blue Chip", we have to do some digital archeology. I'll add some reference links soon. https://whiterabbit1111.medium.com/the-origin-digital-antiquities-market-nfts-1ea9b69c03f9 https://felipether.medium.com/a-laymans-guide-to-generative-blockchain-art-357161f7a4ab https://whiterabbit1111.medium.com/...h-nfts-will-have-long-term-value-d43c2372197b https://cryptocities.net/archaeology
These are distinct from digitally native artists. They can be further classified as those with some credentials in the Fine Arts world and those that have embraced Generative Art.
Interesting links, just spent a couple of hours accessing some very old Counterwallet (bitcoin colored, Counterparty assets on the bitcoin blockchain) SoG, Spells of Genesis, BearWhaleCD, Xajiboss, Goxcard, BCYDragon, etc, I had them in my wallets, but alas, looking at the history of transactions, I traded them for bitcrystals which I then traded for btc Anyway, March 2016 to August of 2016 were the transactions/trades on the Counterparty dex marketplace, regret is going to be very low for them, I just wanted to see if I was still hodling historical NFT's on the bitcoin blockchain The real regrets during those times was seeing Ethereum at $2 to $20 to $100 and higher and kept saying I missed out already, so look at other things instead, sigh... I have a hackatao (#4 on the list) on NiftyGateway Actually had one for many months, I purchased for around $8000 using Eth and sold after NFT marketplace crashed and recovered, sold it for around $17,000 (USD in account) Interesting tax situation since Eth actually went up more in value, IRS probably doesn't care that I lost $ opportunity cost in the whole endeavor Anyway, after a week, had seller's remorse, but my original hackatao was selling for over $20K, so F that, purchased a lower price hackatao for around $6K, which has appreciated in value, lowest listing price of my latest hackatao is $12K and highest traded sale price is $13K Not gonna sell my hackatao anymore, though, gonna hodl this one
John the OG !!, the quality of your posts never cease to amaze me. You are quite an asset to the ET community. The NFT space moves so fast, it’s difficult to keep up. Great that you have something that is accruing long-term appreciation! I got sucked into the grind for WL spots to mint. Moby.gg is a great alternative to Nansen. It was at the same time I put some public addies into nftbank.ai Some well-known large flippers accounts were impressive but not nearly as much as those that acquired and never sold. It was orders of magnitude difference. Another great little tool is context.app to stay atop of wallets I follow. If you went hard into DeFi; fees.wtf -has definitely shifted my focus to understanding L2’s and alternative L1’s.
Thanks! Interesting times in our lives being in cryptos I only have a small allocation to NFT's, I've purchased 6 NFT's and only Bears Deluxe and hackatao have significant profits, with the latter being questionable since it's not a like for like valuation (Eth to USD on NiftyGateway vs Eth to Eth on OS) I'm too lazy for the WL process so kind of stayed away Re: flippers, my biggest gripe on NFT's is the lack of liquidity and there is a period of time when liquidity is good An example is needed to illustrate the point With coins and tokens, liquidity is always there 24/7. Cake price action has been trending down for many months, so traded for Boo, which got hit when btc/cryptos crashed, traded for FTM, which was holding up ok, but finally decided to focus more on Eth. Finally lol. Stacking Eth now whenever I get a chance But, back to the point, coins and tokens trade 24/7 full liquidity all the time and my trades usually happen late at night due to life stuff during the day NFT liquidity is what I would call sporadic, in my experience Bears Deluxe NFT's are the ones saving my NFT risk investment and I hold 11 of them with a couple being rares When it first pumped a few months ago from less than an Eth price floor to over 4 Eth and other NFT's are also going up, the NFT was in bull market, I could have traded my 11 BD's for ~50 Eth, liquidity was good and the 2 rares were being sought after NFT bull market went into slump. Bears Deluxe has a lot of stuff in the roadmap, but those things take time First is $HoneyD tokens release as the ecosystem lifeblood, then Bees Deluxe NFT's then HIves Deluxe NFT's All to get to the crypto gaming play2earn (or rather focus will be on play and earn, devs have indicated a distaste of the "exploitation" angle of p2e and it being more of a work rather than hobby/play), Metaverse on Sand (land has been purchased for BD) and other MV via BD Voxel release, and partnerships with other projects in cryptos and real world Yes, big shill above, but those things take time and Bears Deluxe price floor went from above 4 Eth to about 1.2 Eth a month ago Elapse of time is the biggest enemy of NFT liquidity $HoneyD was released a couple of weeks ago, this is an awesome milestone as it has a Sushiswap liquidity pool, similar with CyberKongz genesis that earns $Bananas A "passive income" concept, but if thinking of the Bears Deluxe ecosystem, it will be used as currency in the pNe crypto gaming and also in the Metaverses Liquidity was back on the menu. Price floor shot up to over 3 Eth (both on the old OS contract and the new erc-721 smart contract) Well, there goes time again and the cryptos market doldrums and NFT market as a whole is sideways. Price floor on Bears Deluxe New (migrated in order to collect accumulated $HoneyD) is down to 2 Eth now and not much volume versus during the $HoneyD release day, price floor kept getting swept A lot of stuff, but I'm trying to convey that "smart" flippers understand the timing and liquidity surges in NFT's I traded a Bear for Eth a few days ago as well as most of the $HoneyD, and in hindsight was correct move and should have traded more Bears, but it was more of a "stacking Eth" move rather than trying to time NFT liquidity Sometimes it's better to sell and and if you believe in the project long term, try to get back in
If you traded on OpenSea on Ethereum, there's some $S0S tokens for you Personally, I'm waiting it out for a few days. I'm also planning to move all the NFT's and other tokens to a different wallet address before claiming the $SOS tokens I'm just paranoid that way. I have multiple wallets that I used for OpenSea https://twitter.com/The_OpenDAO/with_replies