On my last blog, I talked about the proper steps on how to mint on FxHash. The question now is what to mint.
There are hundreds of generative artists publishing on FxHash, but which one to choose? How do you choose which to mint? Should there be a criteria for choosing? Can I lose money?
When faced with a multitude of options, then, yes, setting a criteria would be paramount to make sure that you are not just buying on impulse.
For the second question about if you can lose money, the answer is yes, too. As with any online galleries, scammers are on the prowl. On FxHash, they appear as copyminters. Copyminters copy the codes of generative artists and sometimes have the audacity to publish ahead of schedule of the one copied.
Some reminders before minting your first FxHash mint, for one, is to check beside the name of the artist if they have a badge with a check in the middle. If they have, then the website admins have verified that that person is the legit account of a legit artist.
Being a beginner on FxHash, just mint only those with verified badges. Later on you'll see who are legit artists even if they still don't have badges.
So as we can see, Phlins has a verified badge. Phlins, as you can see on the top image, that 11 of the 12 boxes above have violet lines traversing from left to right. That is the mint progress of a project. It means the last 11 collections of Phlins have all minted out or sold out.
The one without a violet line is the one I will be recommending anyone interested to mint. The up and coming project is titled "Golyt."
Golyt is set as a Dutch Auction, so it means when it opens 8 days and 10 hours from now, the initial price it can be minted will be 50 XTZ. A bit stiff, if I may say so. But the beauty of going Dutch is that every 10 minutes the price will lower until it reaches the minimum price set by the artist, which is 5 XTZ, and which is 10 times lower than 50.
Naturally people will wait out to the cheapest price, but with the reputation of Phlins as a talented artist, and only 100 pieces are up for grabs, some people might really mint at 50. However, I have not seen a Dutch Auction where a full mint was carried out on the highest price. Personally I would assume there would be a few minting at 50, 30 and 20, but if the 10 XTZ tier will see a lot of mints, most likely 5 xtz will not be reached. Collectors will be nervous and mint at 10.
But me, since I am holding on to every last XTZ I have, I will wait for 5 XTZ. I am training myself not to be bullied by the market.
The last time Phlins made a drop was that minting wasn't still done, and he had a project opened back then called Kylt, and it was only at 2 XTZ, there were already people who bought first selling at 100 XTZ, and some collectors actually bought them at that price. That's how hot his collections are. Eventually the price settled to 20 XTZ. From 2 to 20, that is still 10 x return, so not bad.
Here's a preview of what to expect from the collection.
To see the project page, go to https://www.fxhash.xyz/explore/incoming and then look for Phlins-Golyt icon. Click that and the mint iteration button should be there. The countdown will be there too, so you will be guided accordingly.
To see other works of Phlins, in case you want to collect, just click this link: https://www.fxhash.xyz/u/Phlins
Happy minting and happy collecting!
disclaimer: All photos were extracted fromFxHash website.