Always been kinda bearish on NFT based L2s
Why?
Well for one big reason: Bag bias
For the most part ppl heavy into BAYC, Azuki, doodles etc etc don’t really participate on abstract, it’s mostly just penguins
Same with ApeChain
Same with Animechain
Same with $DOOD
And for the obvious animosity, they have feuding between floor prices
One project that launched during the deep bear on mainnet was GoodVibesClub
Those have been selling for 5-18 ETH, WAY above floor and one of the big reasons for that is because they’re on mainnet, where EVERYONE participates
With NFT based L2s you cut a lot of participants off for even looking because of their bag biases
launch on mainnet and you’re inviting all communities.
I don’t like it and even tho most don’t admit it, that’s how most of us navigate, only loyal to their tribe.
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