the CryptoPunks, wherein the owner of #6046 reportedly turned down an offer of $9.78 million.Hirst’s “The Currency,” 6x oversubscribed at $20M, market cap now is estimated at $500M.Trillions of pixels have been generated in 2021 about the nearly-hallucinatory prices realized by a handful of NFTs: Prices of everything are determined exclusively by supply and demand.Mona Lisa, by Leonardo da Vinci, courtesy of Wikimedia.

A powerful story delivers a Network Effect on steroids. The most potent connective tissue holding a community together is that of a powerful shared story. Fame hath its privileges and a comparable dynamic exists within crypto culture. Don’t Follow the Suits, Follow the Weirdos. What makes the difference between bonanza and dud? Is it simply “being in the right circle, having the right information at the right time”? Or is there more to it than that? Culture eats strategy for breakfast. Meanwhile, Fred Ehrsam, a cofounder of Coinbase, believes that 90% of them will be worthless within 5 years. One of the rarest iterations resold on October 20 for $2.7M their derivative Mutant Apes, selling out for $96M in one hour before, at least temporarily, doubling in price and the Degenerate Apes. It also addresses why some of the most valuable ones are being priced millions of dollars while others yield a pittance. Their general views are that NFTs are proving to be culturally game-changing. This meta-analysis probes into the strategic insights gathered from some eminent sector thought leaders.

World of warcraft recount