Current State of Minting NFTs
Minting NFTs in a large collection looks like this today:
- Creators launch 1-10k supply of NFTs
- In this, they promise a future roadmap, so long as you are a holder and supporter
- Collectors buy into these NFTs with belief in either the vision or the ability to earn money through flipping these NFTs (the latter being more prominent)
- Creators get swathes of money from collectors, and more from royalties
- Creators could execute on this vision if they wanted to
What if it looked like this instead...
- Creators launch 1-10k supply of NFTs
- Still show a roadmap and future vision
- Collectors buy into these NFT and the crypto used to buy NFTs are immediately staked
- Staking rewards go to the creator
- Collectors can pull the money they paid out at any time OR keep the money staked
- If they pull out, they also give up their NFTs
- If they keep it staked, they also keep their NFTs
We need less rug pulls, and more real value, sticking it out for the long-term.