Just bought some Gen-0 cryptokitties, they are currently doing a massive breakout https://coinmarketcap.com/currencies/wrapped-gen-0-cryptokitties/ I wish I bought sooner but in these, its often right to chase, especially if you chase early. The Gen-0 have a limited supply of 50,000 but 12,000 can still be issued by the company that made them. Not as cool as the 10K supply of the punks but as the Metaverse becomes a reality and people spend more and more time in the digital land, they will want digital cats. Gen-0 kitties will carry a status that others wont (very rare kitties even more so, but they are expensive as fuck) so I want to be part of this hoarding. Part of the appeal of Dogecoin is that people like cute dogs, maybe these cats can moon the same way. While they can be printed into the billions by breeding, there can only be 50K Gen-0 ones. 38K were issue already, 12K remain for special events
Not financial advice I got 2 Gen0's and 1 Gilded kitty, which is a rarer one Total market cap of Gen0's (ex-very rare ones) is under 50M USD. Meanwhile Punks trade at billions
Just bought some more, now wrapped Gen0 virgin CK's. The virgin ones tend to be deflationary because as people breed them they are no longer virgin I was talking with a NFT guy on CK's discord and he was showing how the total market value of CK's is under $70M when he calculated it. Now its under $150M. That seems awfully low for thousands of engaged, passionate, resilient (CK's gets a lot of shit) members of a community Any game, metaverse company can enable CK's in their ecosystem and immediatly get a huge amount of people participating (and the virality they can produce). I think these Gen0's both Virgin and non Virgin are pretty cheap relative to other NFTs like Punks which are probably worth $5B now
I also think there is a decent change Gary Vee will announce he purchased Gen0's or special Kitties in the coming weeks/months. If that happens, his huge following will ape into these tokens and they will run a bunch
I finished purchasing the CK's. I bought 2 special ones ("gilded" inclusing own from Pranksy who is a NFT celebrity) and the rest were G0's and Virgin G0's. Total $20,000 outlays. Either this will go down 99% or they will rally 10-20x (or more) as digital communities and the metaverse will merge. CK were the pioneers of the ERC721 standard and these were the NFTs issued on that standard. Its part of crypto history but also it comes with a strong, engaged community that can turbo charge games, metaverses, etc. Plus all other things that might come out from this that I'm not aware of it now
I bought a Series 1 Avastar as well, a lot riskier but I like the people in charge there. They are creative and might pull something off with their community
An NFT is basically a collectible, stock, bond, collateral, coupon code, coin plus other things all rolled up into one. At least the good ones are