Recovery Seed Backup Devices

OpenSea is having record volume

There is one place that is doing well during this market crash. That place is OpenSea which I believe is the biggest NFT market in the world with the most volume. It is the location of choice for Bored Ape Yacht Club, Pudgy Penguins, and Doodles.  NFT prices have been rocketing the past few weeks.  Just a few days ago the floor price for Bored Ape was 60 and now its 78 Eth.  That is a pretty big difference considering how poor the market is doing.  Supposedly the price of the BAYC is being buoyed by purchase of famous people.  According to the Bitcoinist, Bored Apes were purchased by Dave Chapelle, Britney Spears, and Eminem AKA Marshall Mathers.

There are only 10000 Bored Apes and only 1400 are for sale.  Why would Eminem sell his Ape?  As there are less and less available as they get in the hands of forever holders, the price could skyrocket.  At what point does someone like Jimmy Fallon say enough is enough and I need to sell this.

What if a Kardashian bought a Crypto Punk and used it for her avatar, I bet the price of punks would go crazy.  In order to succeed NFT projects need celebrity members and they need exclusive access to something.  A club could sell a VIP pass as an NFT for $100,000.  In Vegas, maybe that is even more.  People who own the table could rent it out.  There could be a whole new economy of high end access through tokenization.

Leave a comment

Please note, comments must be approved before they are published