No. This is not a Bored Ape (Bored Ape Yacht Club aka BAYC). This is actually some random NFT I won on twitter from someone I follow. It’s from the Colorful Ape Club collection, the floor price (fp) is about .054 ETH right now (approx $160).
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Enough with the boring stuff…let’s see more!
Blockchains that I’ve purchased NFTs on. So far.
(In no particular order)
- Ethereum
- Polygon
- Wax
- Solana
- Ronin
- Flow
- BSC
There are so so many more out there, I see even HIVE has some NFTs now. Anyways, these are just the ones I’ve had a chance to interact and purchase on. There’s already more chains I want to explore.
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So. NFTs and investing in them can be fun. However, just like cryptocurrency, you often have to time the market. Unlike cryptocurrency, you can assess a project that has doxxed founders, a strong team, great art, lots of hype (seemingly) on twitter and discord, and then mint rolls around and it drops.
There are NFT projects dropping almost daily (if not daily), and lots of ways to win and lose your investment (especially when trying to flip). If you’re in it strictly for the art or collectible, then honestly none of this will or should matter (assuming you don’t care about resale value).
Nothing I say is investment advice. Always always do your own research and I always suggest to not invest anything that you are not honestly willing to lose.
I’m just going to share some NFTs I’ve gotten into, and their current outcome. I’m fairly new at this myself. I’ve been in this space for over a year but am really only starting to invest now. I’ve been watching through association as my husband has been steadily trading and investing in NFTs for quite a while, but now I want to. Now, I’m learning and finding my gut, and I can tell you, it’s not always pretty. So, let’s see those little NFTs that I thought were good to buy, but so far have plummeted in value (from when u bought).
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Join me in Today’s Episode of…
Here we go!
That’s all you get for today. There has to be something left for next time. It’s funny that you believe there’s only one more. HAHAHA.
Now, don’t get me wrong…I love NFTs and I have had a decent time with some, you will certainly learn about my wins too. There’s so many factors when it comes to these things, and then there’s even stuff outside of all of these things (malicious rugpullers). Sometimes things also just take time.
I hope you enjoyed this little share. Feel free to ask any questions or just talk to me about this stuff.
Oh…you may be asking…why did I buy that NFT above?
- A friend recommended it to me originally because it had been performing well on a leaderboard
- I acted quickly because I wanted to get my first Ethereum NFT and I took the friends advice
- I chose this particular one because it was cute and it had some features I liked
NOTE I still like this. It is super cute and pink. My sister even made a mousepad (although I use a Magic Trackpad, so I don’t need one) of this cute little thing.
Was it a bad investment? Yeah. I’m not really showing it off or taking part in the community at all. It’s just a cute NFT that doesn’t have a very high value.
I hoped you enjoyed reading this. Thanks for checking me out.
Do you own any NFTs? Feel free to share if you do, if you don’t, why, why not, or any other details that are fun.
Until next time.
