The Dossier · Free with the daily letter
Investing in NFTs
A Bored Ape floored at $430,000 in April 2022. It floors at $16,935 today.
24 sections · Sent by email
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Inside
- 01The fastest bubble on record
- 02Floor price is the only price
- 03Wash trading, and how it is measured
- 04A worked example: $10,000, three years
- 05The IA view
24 sections, every figure sourced and dated
Free to read on NFTs
News·
Azuki floor jumps 11.7% to $1,330, still down 12.3% in a week
Azuki's floor price rose to $1,330, up 11.7% on the day. It remains down 12.3% in a week and down 22.3% over the past month, suggesting the one-day move…
5 min read
News·
Blue-chip NFT volume falls 28% on the day to $572,700
Blue-chip NFT 24-hour volume slipped to $572,700, down 28% on the day and down 53% in a week, per CoinGecko. The 30-day change is up 4.2%, leaving the…
4 min read
News·
Open question: Is the NFT volume drawdown broad or top-heavy?
CoinGecko shows blue-chip NFT volume at $572,700, down 53% in a week. Is activity disappearing across collections, or is this mostly the absence of a few…
5 min read
News·
CryptoPunks floor falls 6.7% on the day to $72,825
CryptoPunks’ floor slid to $72,825, down 6.7% on the day and 13.8% in a week (Coingecko NFT). The open question: is this mainly ETH-led risk-off, or…
5 min read
News·
Pudgy Penguins floor rises 7.5% to $5,918, still down 27% in a week
The Pudgy Penguins floor price recovered to $5,918, up 7.5% on the day, though it remains down 27% in a week and 33% in a month. Whether this reflects…
5 min read
News·
BAYC floor falls to $15,894, down 7.18% on the day
Bored Ape Yacht Club's floor price fell to $15,894, off 7.18% on the day and down 14.57% in a week, extending the blue-chip NFT drawdown amid thin liquidity.
5 min read
News·
Pudgy Penguins floor falls to $8,138, off 8.82% on the day
NFTs: Pudgy Penguins floor slid to $8,138, down 8.82% on the day and 13.19% in a week (CoinGecko NFT). Open question: thin bids and undercutting, or a…
5 min read
News·
NFT blue-chip volume drops to $450,516, off 60.52% on the day
Blue-chip NFT 24-hour volume fell to $450,516, down 60.52% on the day and 26.26% in a week. Liquidity may be rotating out following an event-driven spike,…
4 min read
News·
CryptoPunks floor reaches $93,033, up 5.78% on the day
The CryptoPunks floor price rose to $93,033 on Wednesday, up 5.78% on the day and 31.77% in a week. The move tracks ETH strength and a pullback in listed…
5 min read
News·
CryptoPunks floor climbs to $80,669, up 5.47% on the day
CryptoPunks' floor price moved up to $80,669, gaining 5.47% on the day and 6.38% in a week. The move tracks broader crypto risk-on sentiment, though it…
4 min read
News·
NFT blue-chip 24h volume surges to $610,912, up 185.84% in a week
Blue-chip NFT 24h volume rose to $610,912 on September 20, up 50.3% day over day and 185.84% in a week. The 90-day z-score of 0.55 suggests meaningful…
5 min read
Investing in Bitcoin Ordinals
Ordinals put NFTs on Bitcoin without changing Bitcoin; the market that followed shrank to a handful of collections.
39 min read
Investing in CryptoPunks
Ten thousand tokens, nine Aliens, a 2017 contract that charges no fee: what a Punk costs to own.
40 min read
Investing in Generative Art
Algorithmic works minted on-chain are the NFT segment art institutions kept: a short canon, priced in ether.
47 min read
Investing in Tokenized Real-World Assets
A token is a claim on something off the chain, worth exactly what redeeming it is worth.
43 min read