Do NFT Flippers Actually Lose Money??? | Project: LootPrints

All About AFFORDABLE NFTs, hosts Andrew aka Rantum and George from Mostly Stable on ZED Run, help navigate new projects, interview expert guests and explore NFT trends. Whether you’re on your first or fiftieth NFT, we’re going to have something for you. Keep track of all recommended affordable projects with our ‘keep us honest’ spreadsheet. 

And a quick note that we are not financial advisors and nothing in this podcast should be taken as investment advice.

 

NFT News

• • 7 day market: CryptoSlam 
  • External/Internal news: 
    • Azuki NFT Project - NFT Culture | NFT & Crypto Artists Curating Ideas 
    • NFTs Valued at $53 Million USD, Jay Chou's PhantaBear Surpasses Cryptopunk as 1st Place in Global NFT Sales 
    • NFT restaurant https://fortune.com/2022/01/13/nft-restaurant-new-york/ 
    • Digital Asset Adoption | Snippet Finance

Affordable Project: 

• • LootPrints lootprints (for MoonCats) - Collection | OpenSea 

 

Theme:

Go through this 2021 report and comment [Report Preview] The 2021 NFT Market Explained - Chainalysis 

• “data suggests that NFTs are far from a surefire investment, however. Transaction data from the OpenSea marketplace shows that just 28.5% of NFTs purchased during minting and then sold on the platform result in a profit. Buying NFTs on the secondary market from other users and flipping them, however, leads to profit 65.1% of the time. Below we’ll dive deeper into the data to analyze what tactics lead to more success for NFT collectors.
• Weekly number of collections: page 5
  • The data shows that growth began to increase quickly in July 2021, rising steadily through October. After a slight decrease in early November, growth picked up again and continued through the end of the year. The number of active NFT collections sits at 3,264 at the end of 2021, its highest figure yet, up from just 193 at the beginning of March.