We’re going to see a massive NFT crash like the 2019 ICO crash.
I predict it’ll happen 6 months after @Coinbase_NFT
The quick-flip 10k PFP projects, me-too derivs and wolfgame copies will flame out because all the Coinbase credit card buyers will lose 100% of their ETH.
Institutional and private wealth + DAOs (many with $100m treasuries) will double-down on the following categories …
Historic firsts like Punks, Chromie Squiggles, @mathcastles
Fidenzas, Autoglyphs and more
Sophisticated investors will use DeFi to increase leverage (@LiquityProtocol
) while staying long on $ETH and flood the market with even more capital, all chasing the same high-quality original projects. This will only drive prices higher.
Finally, we’ll see NFT fractionalization go mainstream so retail collectors and investors can enter back into the market and buy into these high-priced quality projects.
but only if we’re not chasing quick-flip get-rich schemes.