DonAlt shared: I think a bunch of people that can’t afford NFTs on ETH is going to flood other chains soon, moving further and further out the risk curve. Feels to me like the alt season of 2018 all over, just in NFT land.
Community Response: The interesting part in all of this is that most crypto natives are seething about all of this they’ve been sitting in trash coins for 3 years and now they’re being bypassed by zoomers that joined crypto 10 days ago. Is what it is, the Ponzi’s evolve?
Ok, unpopular opinion. NFTs have no greater use than being a trend of times and tastes. (I like them and I have the facts for me). However, it is a large growing market that is generating astronomical sales. Will the bubble explode?
Not telling you to buy into NFTs by the way, do whatever you want. Just make sure to make your decision whether to buy in or not and stick with it NOW. If they go even more insane you don’t want to FOMO buy the 10x from here before they go down 95%.
NFTS on other chains are shit. This stuff already happened. Only Solana NFTS kind of pumped, outside of that, last NFT season there wasn’t anything valuable on other chains (and is still that way).
Solana NFT volume and prices have never been higher than right now what the hell are you even talking about nearly every single mint is a sell-out.
Reply guys, what’s the best chain for NFTs outside of Ethereum?
I personally like FTM just because I had some dollars there and there were some really fun early collections there. Check out the paint swap if you’re curious.
It seems like most projects assume everyone bought ETH at 1$ and just have 100’s or 100’s in their wallets. But more people might have bought at 2k-4K. If you can’t afford ETH then you can’t afford enough volume in other chains to make a difference.
Yeah, part of the reason I’m heavy into $SOL and $SCRT. What Secret NFT’s bring to the NFT table is huge and nobody knows about it yet.
Consider ETH gas fees though. They are a barrier to people flipping NFTs. it’s a good holding mechanism that builds the community required to become a blue-chip project. This barrier doesn’t exist on most other chains so people flip and community never builds?
You’re speaking as if this is new? Must have missed the 5 other times this exact thing happened over the last 12 months.
I’ve had some wins with Solana, but I don’t like the dumping below the mint price that occurs after almost every mint. Gas is a feature in this case because it keeps out cheap flippers.
What made you think I’m speaking like it’s new? This is just the biggest NFT run we’ve had so far which I think will leave the biggest ripple in other ecosystems.
I feel like last summer’s NFT run was bigger.
The way is more euphoric and sillier than last summer. More volume this time but it’s way more focused on a few main projects. Less new money more crypto native liquidity chasing returns and narrative.
Buy OG NFTs join the DAOs get WLs. Pretty simple actually. Barriers to entry are much more reasonable on Solana. DAA is undervalued right now too
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