Post by Stearns

1KF39E…19xH Key · twetch
Reposted
ooAwakening 3.7y

I'm a little surprised by the collapse in price of the lizards after mint. Lots for sale.

I like the lizards, I think the exotics are incredible. I guess maybe I would have liked to see more unique traits in those that aren't exotics. Like the occasional exotic trait, more interesting backgrounds, etc. But, overall they are pretty cool and I love the storyline that's building around them.

I've been seeing so many people trying to dump their entire NFT collections over the last month and watching these mints continuously collapse under mint price is a bit discouraging. If you take an honest look at the NFTs on this platform and consider the price of BSV during mint, the gains are limited at best, and often negative.

Exotics sell at great premiums, but so few people want to buy Legendaries. Epics only seem to sell if you list them so low that they're nearly priced at Rare level. And of course, the buying and selling comes to a halt a week or two after the mint ends. The liquidity is almost non-existent after that.

When it comes down to it, demand needs to match supply, a discussion that's often been had here. There are a couple collections I don't love, but overall I think Twetch NFTs are very solid.

Not sure what the solution is to any of this and perhaps it just is what it is. I have high hopes that the sirloins, vaccines, lizards and frogs all continue to play off of each other because that's what makes the nfts here fun, even if it doesn't create upward pressure on the price.

No specific point to make here, but just felt like saying what I'm thinking. Peace!

What the chain says
Block
775 888
Time
2023-01-23T03:00:13Z
Signer
1KF39E9uZNPeZ8tne6pCUhSkDgGhaL19xH
App
twetch
Type
repost
Content type
text/plain

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1KF39E9uZNPeZ8tne6pCUhSkDgGhaL19xH Verified