The Basis For the NFTs Success on smartBCH
SmartBCH has achieved unparallel growth in its first few months in both the DeFi and NFT fields.
While back in September 2021, NFTs were an unexplored field for this community, slowly projects like BlockNG (LawPunks) and Poolside Puffers (the first collection that sold out) changed the habits of the smartBCH community.
From being overly focused on DeFi the smartBCH community quickly embraced the NFT collections sometimes even without an NFT marketplace ready. Currently, OASIS is experiencing high traffic, and the volumes produced can be traced from the telegram bot offering real-time sales and listings.
There are thousands of NFT trades taking place daily, on a network that is just in its infancy.
To begin this article, I want to state I am an investor but don't fall in love with my investments.
I find those that have the required fundamentals and stick with them for years. Temporary price volatility will not affect you with this approach, although being overly confident about your investment, when in fact it is stagnating in developments, is a fatal mistake.
Sold Out NFT Collections On SmartBCH
This is the upgraded list of smartBCH NFT collections sold out during the mint phase since October 2021:
LawPunks: Mint Phase 100 BCH (read more)
Poolside Puffers: Mint Phase 7.35 BCH (read more)
CashCats: 500 BCH
Thrones-Queens: 300 BCH (read more)
Reapers: 500 BCH (read more)
Gambling Apes Club: 400 BCH in 5 minutes! (read more)
Pandaland: 300 BCH (read more)
Pixel Guy Club: 150 BCH (read more)
Shorai: 300 BCH
Each of these collections sold thousands of NFTs.
There are failures too, but the problem can easily be traced to the developers, the lack of perspective and effort. Those that successfully sold out, were all honest developers and professionals in their approach.
After the initial success of BlockNG with LawPunks, it was clear a large userbase was ready to put their BCH into action and invest at least in some quality collections.
Invest Wisely - Focus On Potential, Not Hype
SmartBCH has been developing since 2018, having the backs of billionaire Jihan Wu, among other investors. This is not a new or random cash-grab smart contract network.
SmartBCH is running smoothly for months while we watch networks like Solana and Polygon backed by billions of VC dollars constantly failing.
SmartBCH is now is self-funded on transaction fees, although it is fully funded already since its development. The move that remains is more investors.
Regardless, it is unique collectors who buy these NFTs, not the main partners.
There is no native token on smartBCH. That's right, there is no Matic, SOL, AVAX to list on Binance, hype-up, and bubble up, while Ethereum could have been used instead.
SmartBCH utilizes Bitcoin Cash, so VCs will have to buy BCH and invest in this ecosystem.
VCs won't get a share of random tokens with smartBCH but invest in a network that in just its first few months offers 100 TIMES better odds of success than AVAX, Solana, Polygon, Fantom, and the rest (EVM compatible) blockchains.
Thousands of active users USING the network and waiting for developments build today on top of smartBCH. No bots to pump numbers and no manipulation to make it look better than it is. Real people and real investors are the smartBCH community, developing and utilizing this network.
Price of Fantom 2020-2022 - Coingecko
Maybe take a look at Fantom's price today, consider the ATH and current price of BCH, find out if smartBCH is 10-100 times better than Fantom, and figure out the rest by yourselves.
Originally Published at Hive
Cover Image: by Sandro Katalina on Unsplash
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I like to know about NFTS. This is informative. Thanks for this.