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In NFTs, we have a tendency to price in future value too soon and over-estimate future relevance.
Just because we paid 'X' today in the face of hype/fomo doesn’t mean the next person will be willing to pay 'X+' five years from now, let alone next week.
Thinking back to 2021 wen this sold for an insane amount (even by 2021 standards).
The @Bitcoin_Punks_ I grabbed a few days ago are:
- punk9100
- punk5849
- punk7948
A snapshot of some of the hardest working punks on the blockchain. Their transaction history reads like the notches on a gigolo's bedpost.
But on closer inspection some of these are, in fact, virgin punks--not sold since initial claim.
Liked the vibe of @TrustlessState’s mfer deriv pfp.
Grabbed a few from the floor. #mfers
@cathsimard_ @spacefight PFP's & Art are one and the same.
Case in point: