Hey Everyone,
How about that crazy Punks On Hive project? All 10,000 punks were minted in just over 24 hours and it was crazy and fun! A lot of momentum was created and we did have a couple of collectors who were not already Hive users. So, Huge success, but now what?
Now what? Price discovery, what will they sell for, who will hold, will anyone make profits.. etc.
Will little niche's like skeletons or Cocktail Hats become more desired and thus leave the rarity score less meaningful? No one knows yet, our punks are babies and haven't taken on their own personalities yet.
Most successful NFT projects see a rising "floor" which means the least rare or most common cards trade at slowly increasing price which pushes up the price of the rare cards up.
It's really hard to get any reports on how many Punks are changing hands but at least a few are.
Also many successful NFT projects ebb and flow with enthusiasm.
I think it would be really cool if some one made a bot that reported when punks changed hands, like nearly all the NFT projects have on Twitter and Openseas.
https://twitter.com/WeirdWhalesBot/status/1455147367661981699?s=20
- WeirdWhalesBot
It would be cool if they were posted on Hive.
As someone pointed out today, someone from outside of the community said.. "Hive is a great place for NFTs, because of the blogging pages and profiles, gives an easy place to use your art as an avatar.
For now I am happy with my little collection and doing some trading on and off the market.
It will be quite interesting to see how the Punks do going forward, flipping, holding, selling, buying are all valid strategies during the Price Discovery Phase.
Show me your punks, or tell me why you don't have any!
