NFT Airdrops + Twitter-List
Thoughts on NFT Airdrops and a mention of my curated Twitter list.
Hello and welcome to MadeMeThink! Once a week I send out this newsletter with curated content, events and examples that have sparked my interest. It's a review of my last 7-days in Web3, NFTs and the Metaverse. Want to follow my thoughts on a daily basis? Then connect with me via Linkedin and Twitter. This article is also available in German.
NFT Airdrops
Last week I received this sound NFT as an airdrop from the WVRPS NFT project. Two things I find exciting about it: First, the sound you hear was created by an artificial intelligence. Pretty nice vibes for an AI! Second, all commercial rights are transferred to the owner of the NFT. So I could use the track for a Youtube or podcast intro. Not all NFT projects give full commercial rights to their users (see also BAYC vs. Punks). As the holder of the NFT I like the version with the full rights of course :)
In case you are new to the NFT world and wondering what an airdrop is -> An airdrop is a kind of reward for owners of the NFT. I.e. in this specific case, this sound NFT was sent to all wallets holding at least one WVRPS NFT. So the airdrop was free for me. The sound NFT was sent to my wallet. The owner can keep it or sell it. This airdrop currently has a value of about 100 euros on #OpenSea. But I will not sell it. Maybe I need another sound in my NFTgallery or somewhere else...
It seems to me that NFT airdrops are becoming the modus operandi for NFT projects. Almost all notable projects are doing airdrops for the owners of their NFTs. Bored Ape Yacht Club (BAYC) has certainly been a best practice and role model for many in the NFT community with its MutantApes airdrop. A MutantApe is currently traded starting at 17.9 ETH (= approx. 41,000 euros). But smaller projects and artists are also increasingly turning to airdrops as a reward model for early fans or owners of their NFTs.
This is quite interesting for the buyer, as additional (cost free) value is generated here. For example, I bought this NFT by Rata Yonqui last week for 111tz (about 300 euros).
There are 24 editions of this work. Rata, with whom I am connected on Twitter, wrote in a tweet that he will make an airdrop for owners of "You talking of LIT?". Since I really appreciate Rata's pixelart, it was an interesting 2 for 1 deal for me, so I snapped it up :) Also interesting: the four people who bought the same work before me paid 180tz, 150tz, 125tz and 145tz for it (transparently viewable via the blockchain or the objkt history). I placed an offer for this work in the amount of 111tz, hoping that maybe someone needs liquidity and sells it for that price. NFT collections by (to date) lesser known artists have a low frequency of purchase. For example, the last sale of this piece was about 10 days ago. In this respect, with a little patience, sometimes nice deals can be made here that are well below the list prices. Probably the person who sold me the work at 111tz didn't read Rata's tweet about the airdrop either. After all, a 24 edition NFT airdrop from Rata will realize some value again. This is also a learning that I have made in the field of NFTs. A lot happens on (almost) every project. Four, five or six projects can still be followed in terms of content. Then it becomes difficult. In this respect, I reduce my attention to a few projects or artists for whom I am really interested and then follow them closely, so that I get important information in time. If you are interested in what kind of airdrop I get from Rata, follow me on Twitter, I will surely post it there (possibly also in this newsletter).
Twitter
I've been on Twitter since 2010. But was quite inactive. Meanwhile Twitter is, next to Linkedin, the social network that I use most often. Why? Because many of the thought leaders in the space of NFTs, Web3, and Metaverse share ideas on Twitter. If you ask me, NFTs saved Twitter ;)
For those who would like to follow relevant accounts in these fields on Twitter, but don't know where to start, I've curated a public Twitter list of relevant people. You can also follow this list on Twitter or check in every now and then if you're interested. If you're missing anyone on this Twitter list, feel free to drop me a line in the comments.
Disclaimer: The thoughts published in this publication are my personal opinions and should not be viewed as investment advice. I am not a financial expert. My specialty is entrepreneurship, innovation & marketing. Readers should always do their own research. I own various cryptocurrencies and NFTs, however in many cases it is for the sake of researching the field and gaining a deeper understanding of Web3, NFTs and the Metaverse and not for investment purposes.