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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WG 🎩🔵
@wgmeets
I would’ve at least edited that image somehow to differentiate it some so it’s clear that it’s the token based off the initial mint. Just having the repeated image can cause confusion and also just looks bad like you said. Slightly troubling scenario with an easy fix.
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jacob
@jacob
every single collector just got net *way* more value than if i had not done that? where is the issue here?
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john is offline
@know
nice breakdown!
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SQX
@sqx
Whoah. Is this $horse. The artrun 🐎? But again? Ewwww
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