0 reply
0 recast
0 reaction
Before one jumps into those collections, negative cases must also be examined.
OG collections, as almost anything else in the industry, is heavily affected by shifting metas, attention economy and overall timing relative to cycles lifespan.
Best example for this entire NEAR ecosystem, including its quite expensive collections.
Whole ethereum killer narrative pushed people (and money) from chain to chain to profit from being early to the ecosystem. This included entire SOLUNAVAX (Luna to a smaller degree) and several evm chains like BNB.
While there were certain nuances, being really early was always profitable, whether through NFT airdrops, yield or ecosystem tokens price increase.
From large L1s, NEAR was latest to the trend. Massive funding and high profile attracted many users, especially the ones that missed other ecosystem plays.
But with cycle coming to an end and meta completely exhausting itself, most were left bagholding collections and tokens, bought at insane valutions, for years. 1 reply
1 recast
3 reactions
0 reply
0 recast
0 reaction
