averagebear.eth

NFTStrategy is doing something very odd to "big name" collections and it might turn out to be bullish for long form collections (something that hasn't been looking good for a while) and bullish for creators of those collections in general. A strategy notably does not tokenize a collection as a whole, it tokenizes the floor of the collection. It's capitalizing on that resting value for what we as collectors and community have deemed the least valuable pieces within a collection. The "more valuable" pieces can either be extracted from the strategy at a 20% markup or never make their way into the strategy in the first place. What this means is that instead of the curve of a long form collection looking like a bell curve: ▂▃▃▅▇▅▃▃▂ We're socially manipulating it into a barbell: ▇▇▂▂▂▃▅▇▅ Less desirable outputs all get put into their own pseudo-fractionalized bucket while the more desirable outputs make their way to the top of the market as individual sales (or forever holds). As an analogy, it's almost like you could buy a share of every Picasso that is not currently in a museum. That's a pretty cool lever to pull, and makes investing in an artist easier. It also puts less pressure on said artist to worry about "scarcity" because the worst case for them is that another piece gets added to the collective pie of "we like this guy" I don't know how this is going to work long-term, but I do know that I am always obsessively for giving creators more economic levers to pull, and I wouldn't write this off too fast as an invalid option.