I'm not sure we needed another reminder with all of the previous examples, but after what the Magic Eden team has pulled you better be sure next time there is a significant token airdrop, everyone and their mother will sell it the second it hits their wallet.
Only the people that never experienced the vibes & euphoria of the first NFT cycle are now proclaiming that NFTs are dead. Nobody who witnessed it would ever make such a braindead statement.
If you collect ordinals because you love the idea of digital art forever being ingrained on the most secure and precious digital scarce art canvas that exists today (=BTC), I want to follow you.
So apparently it was too expensive for magic eden to keep supporting runes and ordinals even with all the money that they had, yet much smaller platforms and teams seem to be able to pick up the slack just fine 🤔
Sad to see what is happening to @MagicEden Their early support of ordinals and runes was crucial + they were miles ahead with how they treated artists and collectors compared to opensea. Some great people left ME last year and it seems they knew where things were headed.
It's impossible to time it perfectly, but we are getting closer to a true bottom for relevant ordinals collections where the upside becomes exponentially higher compared to the risk of them going to absolute 0. Source: my gut.
Been quite busy with irl work lately private stuff , but just in case some of you wondered: yes, still holding $DOG and yes, not doubting we will reach our goal one way or another. Same goes for ordinals btw.
Crazy to think that you can still buy a premium pass to one of the top mindshare platforms for 700 USD. It was a genius move by wallchain to limit these to 2k supply and a reasonable mint-price. Any announcement can move these 2-3x Quacktastic.
Have we ever had an airdrop that was limited to long-term holders/investors of certain collections, protocolls etc.? Would be fun to see a big payout to true collectors, long-term supporters, etc.