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Portal Master
@Og_Shark_
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Unlocking the Abstract Realm ✳️ || @asbtractchain @eclipsefnd
Joined January 2015
Why are Abstract NFT projects failing? 🤔 @AbstractChain has brought a wave of change to Web3 with AGW since their mainnet launch. Their dashboard UI, on-chain streaming, DApps, and XP distribution system make Abstract an exciting ecosystem to be part of. Yet, one issue stands out: NFT projects on Abstract are struggling to succeed. Since mainnet launch, projects have been minting, but none have achieved notable success. Let’s break down why this is happening and what can change:👇 1⃣ A Bad Start Sets the Tone Early projects like @AbstractHotDogs & @pengztracted minted at mainnet launch but failed instantly, dropping below mint price. This set a negative precedent for Abstract NFTs, creating a domino effect - every new project struggles to gain traction because expectations are already low. 2️⃣ Too Many Grifters & Larp Projects Every chain has bad actors, but on Abstract, larp projects (fake/hyped-up projects with no real value) outnumber legit ones by a wide margin. So far, 95% of NFT launches on Abstract have been low-effort, unsustainable, or outright cash grabs. This erodes trust and keeps real investors away. 3️⃣ Lack of Profits → Lack of Interest At the end of the day, NFT collectors want to make money. But right now, every NFT project launching on Abstract is falling below mint price sooner rather than later. This discourages users from minting at all. A great example: @themobxyz had to cut their supply and mint price by half due to lack of demand. This shows the growing hesitation in the market. - How Can This Change? The solution is simple, yet crucial: A few strong projects need to succeed. ✅ We need projects that mint out and hold value. ✅ We need traders to see that NFTs can be profitable on Abstract. ✅ We need the community to believe that launching a project here is worth it. If upcoming projects like @playduper & @finalbosuX can deliver a solid run, it will shift the entire narrative around Abstract NFTs.
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@davidonchainx Beneficial for ‘influencers’ without too much work. Small accounts who are trying know that it’s super hard. I’ve come across creators who post ‘intriguing’ questions, because that seems to do the trick to get comments, but they don’t bother replying to even a few lol.
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Everyone who is now entirely shifting to Avax suddenly will come crawling back to @AbstractChain soon.
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@0xCygaar @AbstractChain Are you copy trading my AGW NFT trades @0xCygaar ?🤣 JK, even I bought all of those except Abstract Firsts. Follow and I’ll buy it right away so we’re in the same boat👀
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@nftttc Thanks for the follow and the advice bro! I’m sure you’ll get back on track soon as well
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@eeelistar @pet3rpan_ I want to see the data for Abstract. I really believe that Abstract will bring a huge wave of people to Web3, thanks to their AGW and their UI
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@lechriss17 @playduper introduced ‘hodl for XP’ and look at how well the floor is holding. Almost a 2x floor
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