onchain-blocks

the current state of the gen art market: 

growing supply, increasing market fragmentation, flat amount of total buyers, receding liquidity, erosion of royalties

curious to see whether stress tests - 3AC liquidations etc - will affect the remarkable stability of the foundational collections

One year later - interesting to note that these trends have continued despite general market conditions improving 

Only the backlog of estate selling has been absorbed by new funds targeting “blue chips”

building glitch marfa // prev: bright moments 

I think it is the inevitable effect of trends and “democratization”: trens dilute, speculators from all ends saw an opportunity but speculative cycles last just a couple of months. Tools and more abstractions are available to non technical people.