ToastGhost

If there was ever a day for an Earth Turt… it’s today! 🌍🐢 Happy Earth Day! 🌱 Join the Shell Squad today? 😎 discord.gg/wDfzYkqD5n

The @deadpixels_club collection has now done more volume in the last 12 months than all its previous years since launch (2022), combined. There’s a few reasons we think volume is one of the most important metrics for NFT collections. Prices are largely determined by speculation and market sentiment which are fickle. So we don’t focus on price and let the market sort that out. On the other hand, volume measures interest and activity, which can be earned in any environment. High levels of interest and activity make an otherwise illiquid collectors item liquid. To us, this is crucial because we want to onboard more people who enjoy collectibles. While everyone wants their collection to appreciate in value, collectors tend to care more about whether or not there’s an active community to buy, sell, and trade with. This is promising for the Hedera NFT ecosystem which is seeing increasing volume across the board over the last year. This isn’t to suggest we’re naive. We know web3 and NFTs have been dominated by speculation. But speculation isn’t a sustainable growth model, and we think the NFT collections that will last will be the ones that focus on the experience collectors are looking for. We think we have a lot of that in store 👻