“No new NFT can do well at this market”
That is false
Here’s an example of an NFT that does well in this market: @gambadogs
Gamba Dogs minted for 1 SOL and they’re now trading at 7 SOL
I own 1 & I’m not selling
What makes it succeed in this market? Here’s a few reasons imo:
1️⃣ It’s a 10K PFP yes, BUT not all NFTs are minted at once. They mint 1K of these every 2 weeks with different WL mechanics each week
2️⃣ They are betting on sports gambling. Yes, gambling. All funds from mint are funneled to gambling. Founders get no allocation from mint funds
How do they determine what to bet on?
They put it for community to vote on
What happens to the proceeds of the bet if they win?
They can use it to bet again next day OR sweep Gamba Dogs floor
3️⃣ This NFT project is backed by @SolanaFndn, @MagicEden, & @Stake
If you wanna gamble on NFTs rn, pay attention to @gambadogs 👀🐶🎰
9.26K
138
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.