What fucking happened to
@artblocks_io
market ? Currently lots of projects are unminted on the platform and most curated collections are down close to 100% in volume and 80% in floor price from august ATH. A thread to try and understand. (1/8)
The fundamentals on
@LooksRareNFT
have improved considerably in the past weeks. There is consistently over 1000 eth of real volume per day, usually driven by
@BoredApeYC
adoption but also lots of collections that had 0 volume are getting around 100 eth daily. (1/2)
quant wants to deploy more in
@friendtech
so we both enjoy a sweet airdrop
if you are under 0.1 and active:
comment here, RT and follow quant I'll buy you.
Gm, today might be the last day in a while to buy punks below 200k $, 23 sales in the past hour aka 4 mil $. NFTs are only getting bigger and there will always only be 10000 punks, get your historic pfp while you can. Here mine
TLDR: August : short time frame demand very high supply approx steady, AB seems an investment despite team's vision.
Now: gen art offer very high, team's vision important: increase supply, demand cannot keep up. 8/8
People between july and august bought AB pieces as an investment, but was never created to be one. AB is a platform that creates on chain generative art, and wants to create as much as possible ! They consider their job done after the mint. 2/8
@0xfoobar
pen and paper and the dangers of writing whatever you want in a notebook, should we really allow such a dangerous thing ? terrorists use pen and paper to organize attacks too...
Current $LOOKS dump is caused by short term momentum traders (trying to follow influencers sometimes) and not investors in the platform. Bullish long term. (2/2)
AB secondary is ded... 0 expectations but :
when market dies and collectors get in bad mood, gift stg for Christmas? Make your next/current playground free for holders/raffle some for them? It would all be good vibes. Raising 100s eth while collectors down 95% is not the play.
Demand could not follow (dutch auctions absorbing any demand and getting ETH completely out of the ecosystem) and as a consequence in October volume died, some new projects traded for a few days as the next hot thing, but older projects suffered immensely. 7/8
The market adjusted: why hold project number 70 at 10 eth floor if i can mint project 180 for 3 eth in a few days ? why hold project 180 at 5 eth floor if i can mint project 220 for 1 eth in a few days ? (next being often better or same as gen artist competition increased) 6/8
It's LIVE, just set up the uniswap pool for $WOOL tokens.
A sheep produces 600 of the american shitcoin a day right now. Game theory is ON,
@wolfdotgame
!
As an obvious consequence, offer increased: AB received hundreds of applications of very high quality, everyone and their mother starts learning p5js. At this point their idea: "create as much generative art on chain as possible" becomes relevant again... 4/8
quant wants to deploy more in
@friendtech
so we both enjoy a sweet airdrop
if you are under 0.1 and active:
comment here, RT and follow quant I'll buy you.
In July and August demand skyrocketed, and the supply seemed steady (and was approx because too slowly increasing) DESPITE AB will. This made prices explode. Importantly, this was not intended by anyone on the AB team, which simply focused on building the platform. 3/8
I hate whitelists. Not going to retweet like and tag friends and call my grandparents to join the discord and react to messages and send a dick pic for 1 slot of stg that is .2 after mint.
An other morning, an other reason to be bullish $LOOKS and stake it : 380% APR paid in $ETH coming from trading fees.
You can invest in the main
@opensea
competitor and start earning from their success NOW.
@LooksRareNFT
been playing around with
@Flashstake
new "flashlend" feature and its really good. (borrow against a flashstaked position)
@pendle_fi
and
@Flashstake
are pushing boundaries for future yield trading
If any needs advice from a power user my dms are open
Currently holding 190k $LOOKS,
Traded over 100k $ of nfts on
@LooksRareNFT
today,
Will get over 1000$ in $LOOKS in rewards,
The
@gemxyz
integration is working and if you like money you should list on
@LooksRareNFT
.
Months after my legendary swap punk for artblocks bundle (14 curated, including the denza), I just traded the other way around : denza + 10 eth for a punk. Welcome 9091 !
#cryptopunks
(once again
@swapkiwi
perfect)
I am finally done with my Master's in Physics (quantum optics) ! Thanks to
#Ethereum
and
#NFTs
I also have 0 debt and a good capital to start life, amazing feeling 🥂
Anyone with a floor
#cryptopunks
can dm me and get this beauty of
@artblocks_io
Fidenza, number 516. Current denza floor is 85 and punk floor is 83. Be fast
I have to say,
@TheBakaArts
surrogates drop is cool, accepting any bid over 1 ETH for 45 surrogates. Subsequently putting any unsold up for sale for 1 ETH.
The token price has not caught up to the fundamentals.
Let us extrapolate : 7000 eth a day of REAL volume is 20mil $ which is 400k $ of REVENUE to the platform. That's 150mil $ per year.
-> at a standard p/e ratio of 30 $LOOKS should be 4.4 bil of fdv -> 4.4$ per token... (3/6)
Hey guys, sorry about this but I’m not gonna be active on twitter tonight. i'm meeting a girl (𝔐𝔬𝔱𝔥𝔢𝔯 𝔄𝔤𝔬𝔯𝔞) at 6PM (wouldn't expect you to understand). Please don't DM me asking where I am (at the bonfire) because 𝔚𝔢 𝔞𝔯𝔢 𝔄𝔩𝔩 𝔊𝔬𝔦𝔫𝔤 𝔱𝔬 𝔇𝔦𝔢
@wagdie_eth
And that's actually an underestimate because buying today is buying before full dilution and at 60% emission -> the price should be 7$ per $LOOKS !
(Please keep in mind this is all extrapolation based on past 24h REAL volume and adoption) (4/6)
official start of the ArtBlocks bear market !
CURATED dutch auction does NOT sell out at clearing price of 0.2 eth (first time in over a year !), 147/400 unsold at the end of the timer.
I just bought 5
@framergence
, Arihz genesis project. Arihz is also the creator of
@pulsquares
and
@AvidLines
, two very interesting and successful projects. Frams have a deflationary supply situated at around 750 right now.
Just made my biggest non punk purchase. 5 plots in origin city
@cryptovoxels
for 15 ETH. I was looking at the market for a while and this is a good deal! Origin city here I come !!
in 2025 staking $blast will give you a chance at earning $bliss, the token powering a blockchain powered all purpose entertainment platform with revamped poniznomics
you think FT will crash when 3,3ers all start selling + panic.
No.
risk is $$ exiting the system:
-bots/scams taking profits and eth from traders
-10% platform fee slowly hurting users
-new DA/pre-bidding for big accounts joining that makes traders/users overpay
today i discovered an infinite bid on
@Porsche
nfts:
-floor was 2.29 when we started.
-i have been outbidding by just 0.01 with 1 bid the massive wall for hours now.
-he keeps chasing. up to 3.21 now.
i just :
-claimed 10 bil $FEELS by burning an original feelsgood nft by
@Matt_Furie
(this token works like
@NFTX_
erc-20, soft-pegged to nft price)
-added liquidity (more than doubled it) at fair price
PS : i am not on
@feelscoineth
team or know them in any way.
@Tetranode
It is just a time issue, 7-8 minutes Eth to Poly, around 2 hours Poly to Eth but the distribution is poissonian so the long tail is a hassle some times (waited up to 8h)
Just minted my first
@punkscomic
after spending more and more time in the
#cryptopunks
ecosystem, it's a long shot but the project looks cool and
@beaniemaxi
will do everything for it