GameSquare acquired this punk for $5.15M They also added $10M to their treasury brining the total holdings to over $52M NFT season or not institutions are buying
I agree with the general consensus here There won’t be another nft season like the last Our industry runs on perceived value more than it does actual value Greater fool theory drives the market Like with every other niche a few NFTs will outperform the entire market There doesn’t need to be another nft season but people just need to believe institutions are coming for bias confirmation Most concepts and strategies sound better during mental maturation but people execute them anyways Institutions don’t understand this stuff as well as we do so they will make mistakes that we did but with more capital Token backed treasuries are also happening and likely won’t end well depending on the asset NFT backed treasuries are “safer” in comparison. An easier market to manipulate and calculate a supply shock for (institutions will like this) The music isn’t great it’s 4am and our best hours are likely behind us but the people are still dancing
1.88K
16
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.