@Faybomb 5 December 2021

Forgive Me Father, For I have Sinned

In the past, I've shared my thoughts on avatar NFT art. Long story short, I think it's a bit silly. But I've stumbled upon an NFT project that speaks to me. And I simply couldn't stop myself. Don't ask me how I stumbled upon PunkTulips. Like NBA Paint a **few months back**, sometimes I just find things without any rhyme or reason. You know how it is. You're on the internet minding your own business and suddenly you go down a rabbit hole of hilariousness. You end up wasting an hour doing rudimentary research and deciding it makes sense to spend roughly $15 on jpegs. Or is that just me? This is the description for **PunkTulips**: https://faybomb.substack.com/p/my-new-favorite-nft-artist https://www.punktulips.com/ This is the curious case of a boomer that goes into a frenzy and creates 10,000 unique PunkTulips NFTs. Is it art…a meme…or a tulip mania? Art... a meme... or a tulip mania? Maybe it's all three? Anyway, I found PunkTulips this weekend and kind of loved what I saw. While the details are minimal and I have no idea who is behind this project, I spent some magic internet money (of the Solana variety) on 5 avatar NFTs. The good news is I don't have to identify as a **cigar smoking Hungry Panda** anymore. I'm now PunkTulip #103. Why did I pick that one for my new digi-persona? Well, of the 200 minted PunkTulips, it was the only one left that had Bitcoin logo eyes. I tracked some of the obvious characteristics and compared what was still available with what was purchased. https://faybomb.substack.com/p/avatar-projects-have-jumped-the-shark Of the 200 minted tulips, Bitcoin eyes, blooming variant, gradient background, hats, and VR headset seemed to be the most sought after rarities. For instance, I counted Bitcoin eyes on 28 of the 200 Tulips. PunkTulip #103 was the only one with Bitcoin eyes that hadn't yet been purchased. The blooming variant is another characteristic that had a very strong index for purchased against available.  Look, I view this as largely a joke. But it brought me joy and I decided to show the person behind it some love. If this collection somehow takes off, which I highly doubt, I'll be ready with some choice PunkTulips to satisfy secondary market demand.

*Disclaimer: for the love of God, this is not investment advice.*