niftytime
@niftytime.eth
Gut reaction: this feels like an extremely troubling precedent to set. Re-minting *the same exact asset* that was previously minted and sold is typically frowned upon from an art perspective, to put it lightly But let me recap the facts so folks can form their own opinions: - 2024-04-03: Jacob released a Zora mint (1155 NFT) of the horse titled !!! #2 at a cost of 11 $higher per mint at a cost of appx $0.17 that was minted 3871 times - 2025-03-12: Jacob minted the same image as a Zora coin with the ticker $horse (1B supply) —> Jacob airdropped 500M $horse across appx 667 current 1155 NFT holders at 16:11:29 UTC this morning at a rate of 133,346 $horse per 1155 worth appx $9.9 (coin value = $0.00007491 per coin at time of airdrop) —> value of coin at time of this cast (18:50 UTC) is $0.001 or appx $130
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niftytime
@niftytime.eth
In this particular instance (at time of cast), original 1155 NFT minters all received an airdrop whose value is appx 5800% greater than what they paid to mint on primary; at current market prices it’s appx 75,000+% more value that paid at mint Crazy returns for original minters, but would expect results to vary if copied by other creators. NFA. DYOR. Plz correct errors/omissions 🙏 Links: - Original 1155 Zora mint page: https://zora.co/collect/base:0xed6bb60faf5be2f3bbcf7c03877b05e26e36a8bc/2?referrer=0x17cd072cbd45031efc21da538c783e0ed3b25dcc --> basescan: https://basescan.org/nft/0xed6bb60faf5be2f3bbcf7c03877b05e26e36a8bc/2 - $horse dexscreen: https://dexscreener.com/base/0xadb07748b855204dcfc2524ab7ba7e3a6661498a
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niftytime
@niftytime.eth
*original 1155 minters who held until time of airdrop along with any folks who collected off secondary and held
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niftytime
@niftytime.eth
found an interesting data point the following collector acquired 4x copies of the 1155 NFT off secondary back in November 2024 spending $666 or $166 per copy. they haven't sold their $horse airdrop yet they are still down in USD terms relative to their secondary purchase if they sell now, but less so which is interesting but zooming out some new questions: - is $horse the asset to hold onto now? - do folks pay multiples of the value of 1 $horse to buy or bid a listing from the "vintage" NFT collection? - which collection becomes the collection to reference for this image now? or are they both supposed to exist and find their own unique equilibriums? https://opensea.io/0x44526FDF5259E5d21655c0A7328e28f39b2F4A80?search[collections][0]=0xed6bb60faf5be2f3bbcf7c03877b05e26e36a8bc
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niftytime
@niftytime.eth
Update: Primary minters* of the 1155 NFT are still up $40 per copy held at the time of the $horse of airdrop (primary mint was $0.17) The original artist aka Jacob is way up. They made appx $15k in creator fees alone from the $3.1M+ in trading volume (could be up more if they sold their creator allo) vs the $650 they made from the original 1155 mint *secondary buyers are a mixed bag
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