digital collectible research

Joined July 2023
The Ordinals thesis is simple: If I'm buying a high-end digital collectible, why would I do so on anything less than the most Lindy chain? All considerations are secondary to permanence apart from recognition of validity.
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Data Monke retweeted
Changes in unique holder counts in Bitcoin Ordinals
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Data Monke retweeted
Wen will @coinbase support Bitcoin Ordinals?
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Replying to @batsoupyum
Ordinals
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Why Nodemonkes are Digital Real Estate An analysis, read below 👇 While floor price is often seen as a barometer for collection performance this metric alone fails to capture the nuanced dynamics that defines a truly coveted collection. Specifically, the premium prices paid for certain traits and the rarity of their listings offers a better picture of the collections desirability and longevity. The behavior of @nodemonkes collectors mirrors that of Class A real estate investors in several key ways. Real estate investors seek properties in prime locations with key demand drivers and architectural significance. Nodemonkes collectors gravitate toward traits that exude rarity, cultural relevance and aesthetic appeal as evidenced in the chart of the distribution of trait premiums to floor price multiples. Further in the same way that class A real estate investors are long term oriented given the nature of scarcity of the assets they own, collectors of rare Nodemonke traits exhibit similar behavior given limited listings and the asking prices of those assets. When comparing Nodemonkes to Bitcoin Puppets based on the distribution of trait premiums to floor price multiples it is apparent that Nodemonkes are the more robust and desirable collection based on current market dynamics. The distribution analysis suggests that there’s a more of a long term and collector oriented nature to Nodemonkes market as buyers race to acquire and sit on what traits they believe will be the equivalent of buying property in Manhattan early on versus the more momentum and trader driven mentality of Bitcoin Puppets. Go long art, send nodes, floor price is noise
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I do a little @nodemonkes grading GIF Credit to the amazing @Preacherry ❤️ #SENDNODES
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Data Monke retweeted
Late GM. 🫡 Dope art by @8thproject1
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not a huge eth guy but QQL is such an underrated project
QQL turns 2 on September 28th! The QQL Council has refreshed the Seedbox to mark this milestone. Since 2022, nearly 35 million seeds have been generated by dozens of parametric artists pushing boundaries. The Seedbox 2.0 highlights the evolving aesthetics of QQL, reflecting new discoveries and shifting tastes. To the QQL Community & QQL Council: your passion drives this project, thank you for dedication to generate so many incredible seeds all while fostering such a welcoming community! If you are looking for the perfect seed to mint at the 2nd Anniversary Live Mint Party (Sept. 28th 4PM ET in Discord) this is an excellent list to take a look at. Link to the Seedbox in next post. Seed featured courtesy of @jazurephoto
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Data Monke retweeted
Ordinals going mainstream soon 👩‍⚖️👀
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If you bought @sovrnart CENTS under 1st quartile secondary acquisition cost, congrats - you just hit a 3x. Listings are at their lowest point since April too.
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sooo r ordinals back?
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Nodes up ~100% in btc terms since this hmm
Counterintuitively, this might be the best time to buy @nodemonkes if you ever wanted one. Peak fud at the lows during the depths of an ordinal bear. They were never valuable because rocktoshi was the founder. It was always the art, premium from having the most sub 100k inscriptions of any btc og collection, and the first btc og 10k narrative. None of those have changed. From an r/r standpoint, you either catch a knife and stand to lose 0.1btc (compare this to buying at 0.9btc) or they continue to be a blue chip ordinal and when the market turns you make multiples. All depends on your risk tolerance. If your hesitation is that rocktoshi will sell his 5%, what would incentivize him to do that now, at the lows? Just how I’m thinking, not advice of any kind.
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ANCIENT BITCOIN WHALES
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Will start posting abt other collections soon, but the way @nodemonkes listings are dropping is insane. Haven't seen anything like it since before the March run-up. Floor price is back above first-quartile secondary acquisition cost too. Idk does this chart look bullish? I can't tell
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During this pullback for @nodemonkes median floor price premium multiples across traits has declined which you’d expect to see, however the standard deviation has increased across the board potentially suggesting stronger consensus and diamond handedness around premium traits
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Data Monke retweeted
Alphamonkes x @Inscripedia We are thrilled to announce a collaboration with @Inscripedia & its founder @Jiurn. The first decentralized publishing house on Bitcoin presenting Season 0, the first book collection on Bitcoin. As always, giveaway will be live in the Discord.
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Listings for @nodemonkes have dropped by ~300 from the top and are back down to May/June 2024 levels. The lowest listings have ever been is ~750 back in March. We love to see collectors collecting.
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Unreal, someone’s been building. Awesome work @MonkeAppraiser
1/3 🚨🚨NodeMonke Report🚨🚨 Return to Monke: is deep dive into the art and provenance of the @nodemonkes collection, exploring the various traits within the collection and their significance. This report is for collectors and NM fans. #returntomonke #sendnodes
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Same wallet that picked up the 1T grey monke earlier today. Collectors collect I guess
🔥HOT SALE: Alienate head @nodemonkes SOLD for 0.7 BTC [~$40,594] 🐵🔥 🐵only 30 (0.3%) NodeMonkes have this trait, making it the rarest trait 💎
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Data Monke retweeted
only NFT collection released in (years) that people buy above floor items on any consistent basis
A couple of huge NodeMonke sales this past day. 1) 1-trait sells for 1 BTC 2) Gold sells for 0.64 BTC Love to see it
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Not many people I’d rather see pick up a NM rn, congrats B
I bought a couple nodemonkes today. My first ones My qualms with the free mint marketing then switch to Dutch Auction starting at high levels will remain forever & my main goal originally was to not support the founder(s) directly in minting (i think community was pretty successful in this tbh) I still held back on buying / supporting throughout this year bc team retains 10% of supply, which I do still struggle with & which will hold me back from building a big position until that’s not the case anymore But, I do think this is a moment for ordinals communities to band together rather than be divisive & focus on individuals More important to me than holding grudges indefinitely The ego wars are tiresome & unhelpful for the eco Don’t want to fight over slices wen the pie is still tiny & not even in the oven yet So consider it symbolic purchases to pursue unity across the major communities in the eco
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