Are any NFT collectors having fun right now?
We’ve reached what feels like a breaking point for the current whitelist meta in the NFT space.
For those that don’t know what I’m talking about, whitelists are how creators pick the lucky few that will get a chance at buying their NFTs (at full price). And because demand is currently greater than supply, most quality projects now use whitelists with extensive and annoying hoops that you have to jump through.
Some make you solve puzzles, other force fake engagement, and some even sell merch that give you the CHANCE of getting a whitelist spot.
While the intentions behind whitelists weren’t illogical, we’re now seeing an entire economy grow around paying contractors to ”grind” these contests in order to get whitelist spots. Whatever the goal was – whitelists are producing the opposite effect.
In this video I also give some possible solutions, including larger collections and different mint systems.
Follow me on twitter: https://twitter.com/GiancarloChaux
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0:00 wen Giancarlo NFT?
1:31 whitelists are getting ridiculous
3:47 what happens when a whitelist is worth $40k
5:17 mints before whitelists ALSO sucked…
7:17 how do things get better?
8:30 alpha groups, raffles and dutch auctions
11:10 Azuki’s mint
11:34 the demand and supply of nachos
tags: bored ape yacht club, invisible friends, hape beast, cool cats, doodles
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