Mercatox did not agree to reverse take over of DSR when offered. I complained about delisting but dev abandoned ship, explorer stopped and it was also delisted from Stex and Coinexchange which were two liquidity sources. Coinexchange itself went belly up in 2018 during the worst bear market in any industry since the inception of the industrial revolution 150 years ago. Think about that for a second.
If Mercatox agreed to DSR M2 swap then anyone with DSR could now access this NFT supply. There were other issues with that coin besides the botched Mercatox deal because one guy was mining everything and probably had 51% access. But the wallet and tech was solid I never had any problems but now it doesn't work anymore.
The masternodes from 2018 failed because they weren't part of an integrated enough ecosystem. Too many nano caps trying to make it they were all clones of each other without USP.
Lazyboozer thought he could pull a Satoshi and vanish like Houdini. He didn't understand that once a crypto is deployed it must be monitored with community management and market making. In his case it would not have mattered if he stayed around because masternodes as a concept was too weak and the market segment was saturated.
90% of all small business fail after 5 years this is true for NFTs too, everything commercial. It is a high risk venture which is why investment amount should be limited until evidence of consistent traction whch takes time and insider connections at this stage of market maturity.
The NFTs today all use third party NFTx platforms and only very few NFTs on those platforms qualify for any form of lending as the vetting is gated by platform operators.
The opportunity for unestablished artists to launch stand alone cryptos is over because barrier to entry is too high and gated by crypto leaders in China and Russia but also New York and West Coast.
The biggest problem when going at it alone on zero budget is lack of consistent visibility but even when paying for marketing ROI is dubious because you need to pay $1000 or more up front and compete with huge platforms for ad positions and search ranking and they can afford to overpay because their business model is different and backed by VC. So how many times do I pay this $1000 for fleeting marketing before pulling a $300 sale? And How do I verify that the clicks are non diluted by click farms? Impossible to know but more probable than not.
By the way I am considering stopping support for M2 on waves after WA expressedly told me that they will not enable verified ticker. If these large platforms are actively sabotaging micro projects there is no chance for survival and organic trading interest seems low. The NFTx token is not a requirement to operate NFTs it was simply a second layer solution to increase liquidity and use as a branding option.
NFT collectors on Ethereum do not value NFTx as a concept at all.
If the market is not supported in the future investors will be able to swap their M2 for NFTs on Opensea. M2 supply will then be burned and replaced with Uniswap when NFT prices go up.
If you want to keep the M2/Waves market then it is time to call WA and complain about the ticker issue.
So it is right around that 90% 5 year mark as far as waves integration but the project is completed and by its nature NFTs dont require any form of maintenance.
Commercially this appears to have joined the rest of the 90% startup failure rate but this was a personal hobby that was field tested for commercial viability and there was never any real expectation that it would sell.
$300 is nothing just buy and hold it if you like the art. It's no sensation but there is an edge compared to new NFTs and it is 1000 time cheaper than Bona fide Vintage NFTs.
If I hadn't owned the entire supply myself and knew about it from the forum, I would buy some. No other ABT so far as 2017 is backed by artworks they are mostly Stables, Gold.
This was originally appraised at $47 000 per NFT by Swedish Chamber of Commerce with accolades for outstanding stylistic delivery compared to its 24 bit counterparts. Because of a technicality that there is no custom coding in the generic ERC-20 contract, price was reduced to $300.
https://docdro.id/d42ND6g$300 is only to get the ball rolling and attain supply decentralization after which the 5% aftermarket residuals will kick in and ascend in pace with organic price growth. Some of this 5% royalty can be shared with investors and I can calibrate it to 5% or 20% it is a matter of preference. You should buy the Edition #2 at $300 it is a good generational bet but no quick flip. There is very low risk because the project is quite simple at its core and and can be operated by a hamster in a spinning wheel if needed a 5 year old can do this at this point but getting here was the hard part and expensive in time and money.
So the risk you take is do I get my $300 back? This is such an insignificant factor that I can almost insure the Museum can post buy back offers at this rate in perpetuity to your Opensea account if you place it for aftermarket sale.
Prices were reduced from $89 000 to $300 10 days ago and the only reason why someone hasn't already sniped the entire collection is because of very low visibility and no one had time to react to it yet.
Someone will take these NFTs eventually it is a matter of who it is and when.
https://opensea.io/collection/pimpfashion2
Once Edition 2 is sold at $300 E#3 will cost double and demand will also increase because all of the sudden there is now proof of traction and organic volume on Opensea which will enable the collection to rank on the main page which causes feedback loop. This is a narrow window of opportunity for retail to get onboard because they will be priced out immediately. If you have $10k to invest in this moment this is where it goes simple as that, everything else already x20-x100 since this time last year and it's only on a technicality that this isn't already trading $4m as the SCC appraisal concluded in August.
To put it in context Edition 1 is not even obtainable with 17 of the 34 NFTs listed as English auctions ending in March 2035. The remaining 17 average $350 000 total $5.9m.
