@TiberiusBravo87 No doubt.
Some collections are simply techno-shills shitting over the NFT community grabbing easy money. During the spring & early summer, initial coin offerings (ICO) were everywhere. People learned the language of "strong community", "utility", etc.... how many of those became rug pulls or simply faded into obscurity? The same mechanisms are at play in the NFT world.
However, some NFT collections have taken on a life of their own and have become digital assets. There are some NFT collections which are building utility and do have strong teams. Some NFTs have demand and rarity which drives the value. Some collections are attempting to bring a use-case which promotes holding, increasing value, rarity and desirability.
Regardless of all of the above, two trends are dominating: early buyers & rarity
Mint early, mint often, then sell into the demand. take 2x 5x 10x gains in a day.
If you're a dev and can interact directly with the chain, you're able to mint before public release.
Thus whitelists were born to control pre-sale.
NFTs are using more whitelists to promote buying, holding, and stop the re-sale market from being saturated immediately after release.
Telegram for ICO has been replaced by discord communities, required engagement, and other actions to filter scalpers from normies.
Rarity... mint and pray for an ultra rare... regardless of the "strength of community", if you get an ultra-rare, you're in control.
If you're capable of building a NFT collection, there's money to be made.
If you're not..... speculation is thriving. It doesn't matter how "strong" the community is.... everyone has a price... if you mint an ultra rare, you've hit the NFT lottery....and that's exactly what is driving tulip mania.
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