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⚓️ no more six figure PFPs...

www.bivnft.com

⚓️ no more six figure PFPs...

biv.eth
Jun 13, 2022
Share this post

⚓️ no more six figure PFPs...

www.bivnft.com

gm.

for those of us still here…congratulations, you really believe in this stuff.

(or maybe you’re just too stubborn to sell it all now)

ALPHA ⚓️

I would be remiss not to lead this newsletter off with the state of the crypto market. and currently, it’s *checks charts again* yikes.

Twitter avatar for @NFTsAreNice
MenaceToSociety 🥶 @NFTsAreNice
BAYC is down $298000 in 6 weeks. From $435000 to $137000
Image
2:42 PM ∙ Jun 12, 2022
1,029Likes59Retweets

over the weekend, Ethereum prices fell below $2000 and continued to plummet into the mid-thousands, sending the NFT space into a full-scale panic.

as I write this, there is currently no PFP project valued at six figures. Doodles fell below 10 ETH, Cool Cats fell below 3 ETH, and Moonbirds fell below 20 ETH. am I worried about any of those projects though? absolutely not.

the advice from NFT Twitter has always been to bet on the “builders”. that’s because, in markets such as these, you can rely only on those with skin in the game to keep going.

as an optimist, I’m obligated to think that a lot of us will keep going.

both the people and projects who weather this storm will be better for it. can I guarantee better days and new ATHs (all-time highs)? no…but I do think that enough groundwork has been laid for NFTs to be a big part of our culture moving forward.

they might still be laughing at us in the normie world, but they certainly know what NFTs are now. the same could not be said a year ago.

our job now is simply not to go away.

BETA ⚓️

however, there are plenty who will go away. they are the ones that were here not for the art, not for the community, but for the money.

(now that the well has dried up, they will move on to whatever new fad or trend they can chase for a few extra bucks)

Twitter avatar for @DrifterShoots
Drift @DrifterShoots
One of the sentiments that’s been echoed by a number of successful artists in this space as to why they’re thankful for the market conditions of right now is the actual refocusing on art. So much pressure in this space has been put on artists to run businesses instead of create.
11:39 PM ∙ Jun 11, 2022
561Likes88Retweets

the sad reality is that many of the friends you’ve met along the way in your NFT journey, won’t be joining you any longer. you’ll likely never hear from a huge chunk of “NFT Twitter” ever again.

I don’t blame them at all either. it’s tough out there, and you have to do what is best for you always. but I know for me, NFTs mean more than dollars and cents now. it’s a passion, a lifestyle, and (hopefully one day) a livelihood.

this bear market makes it tough to evangelize, but once we’re out of it, we must work again to onboarding new people to NFTs. except for this time around, we have to sell them - not on the money they can make - but on the community they can be a part of.

DELTA ⚓️

this is a newsletter after all and I have to provide you with some news for the day. believe it or not, things are still happening out there!

  • my beloved Cool Cats are entering the Metaverse. they’ll also have avatars in the Yugaverse/Otherside, so it appears that despite market conditions, we are still moving forward with the Web3 metaverses. much like the future is multi-chain, I’d imagine the future is multi-metaversal (going to trademark that now).

Twitter avatar for @coolcatsnft
Cool Cats @coolcatsnft
You guessed it!😸💙 We have finalized conversations with @TheSandboxGame to bring your Cool Cats into their metaverse in early Q4. Stay tuned for all the fun opportunities this integration will bring our holders!😼👾
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3:52 PM ∙ Jun 12, 2022
1,112Likes233Retweets
  • who said there isn’t innovation coming from the NFT community? getting served via airdrop? NFTs still sound like the future to me! a judge in New York recently ruled that legal documents could be airdropped into a wallet that was the perpetrator of an $8 million hack.

Twitter avatar for @JerryGianakis
Jerry Gianakis @JerryGianakis
NFT ‘Service Token’ Airdropped to Alleged Crypto Thief’s Wallet Satisfies Due Process Notice Requirement says NY Supreme Court
Image
6:59 PM ∙ Jun 13, 2022
8Likes3Retweets
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⚓️ no more six figure PFPs...

www.bivnft.com
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