I couldn’t agree more:
“teams including GVC and Chimpers will be an important part of the NFT revival. People are underappreciating the degree of alignment and sustainability these tokens bring to an ecosystem.”
Ppl are underestimating those 2 and that’s ok. More for us 🙏
For PFPs, especially 21'-22' ones: The supply overhang is bigger than you think. Likely will dip lower and the other facet is they will not rebound fast because of lack of speculative buyers.
I also feel strongly that several of the major names will self-destruct because they distanced themselves from their OG NFT collectors and essentially turned the brand into a memecoin-focused entity since this was better for themselves and their investors, despite their lack of alignment with their NFT holders.
(i.e. I think the PP team are masterful builders but are actively pushing their own NFT holders to just sell the NFTs and buy more Pengu, without the hope of the Abstract airdrop fp would probably be half of what it is now already, and the NFT collectors who truly love the art and the NFTs have gotten demolished by the way the team has marketed since their memecoin came out). Not surprising since they make very little capital on the NFTs and the memecoin gets themselves and their investors paid. I think long term this approach will not end well. Their strongest advocates and network nodes have always been their NFT holders, but they are losing their trust.
Of the 2021 ones, I am still a big fan of Apes. Despite a few tribulations and changes in course, I still think they have always strived to innovate while keeping their NFTs and Ape holders at the center of their mission. I will be an Ape buyer again in the future and look forward to rejoining the Club.
From recent posts you probably know, I am extremely bullish on strategy-integrated models and I think teams including GVC and Chimpers will be an important part of the NFT revival. People are underappreciating the degree of alignment and sustainability these tokens bring to an ecosystem.
End rant
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