1/2 NFTs shifting almost entirely from gambling vehicle to a luxury goods market. If you want to gamble on a big short term win in crypto, you buy a memecoin. If you want steady growth of wealth and avoidance of currency debasement, you buy BTC or Eth.

Punk claimer. Art collector. Stoic.


Wen Moon gallery: 
http://oncyber.io/wenmoon

Portrait Gallery:

http://oncyber.io/kaps1-1


2/2 If you’ve already made it and you want to refine your taste, support the creator ecosystem, or signal wealth, you buy NFTs. It’s a much smaller market without the speculative frenzy.

On Farcaster, the cheap mints and creator supporting mints probably still fall in the luxury spending category in aggregate.

Entirely? Most of the NFTs are not fully onchain