I am sure that NFTs are here to stay for a long time. Recently, NFT marketplace OpenSea saw a massive increase in its volume. Looks like a great sign for anyone holding one of the NFTs.
I think this is a huge opportunity and I'm buying tons of books for the airdrop https://www.garyvaynerchuk.com/get-ready-for-my-best-book-yet-and-an-exciting-announcement/ Gary is the real deal and I have been making money off his stuff. I missed Vee Friends but I'm not missing this airdrop. Its one of the cheapest mints of NFTs out there given all that crap that is out
He is selling his NFT at 0.09 ETH according to the book buying rules, that's pretty darn cheap given that Vee Friends have a 9.7 ETH floor price. I bet this second NFT will trade initially at 0.2 and then rise from there. It wont be as big as vee friends but it will be something, and that something I dont think will be 0.09 ETH. That's too low
So jealous of these guys making a killing. I have about $15K m2m profits using price floor of my NFT's with no capital at risk, peanuts compared to this guy below
Thats not that much, if you look at the NFT leaderboards, pranksy leads with 2,500 ETH profit. And she/he is a profit taker. There folks that arent taking profits are up more. So many are up dozens of millions in punks, apes and fidenzas but they never take much profit so they dont make it to the leaderboards
Gary's book already in the No1 best seller list https://www.amazon.com/gp/bestsellers/books/ref=pd_zg_ts_books The guy is a marketing genius and now he is using NFTs to leverage that. I worry about too much of a supply in the NFT but this could be the biggest book launch of all-time so perhaps this is already a historical NFT. But I also think the list of benefits will include other things, I wonder if he doesnt already has a deal with a company and the NFT is part of that I also suspect this NFT could be an entry pass to a lot of other things he will offer in the future
Cheapest Punks now cost 122 ETH, when I first looked a few weeks ago it was 29 ETH https://www.larvalabs.com/cryptopunks/forsale
That said, I wouldnt buy this. I much rather wait for a big shakeout or a crypto bear market. Crypto is super volatile and punks are like the "ultimate discretionary expense" (I read that in a book about art collecting and I think it applies even more to punks). So its super cyclical. During a crypto winter, people will be giving these away to raise cash