Today I’m going to look back at a few “historical” fxhash projects minted prior to the last 24 hours. As an NFT community, we really need to figure out how to make digital art age well. If digital art appreciates in value over time like traditional art, the NFT market should be much more sustainable. Here are a few quick ideas:
1) Visibility - Many of the marketplaces focus on sorting art primarily by newest to oldest. It’s great to give new art high visibility. But we also need to find better ways of exploring older art.
2) Lottery - Going too far down the gambling road could be a bad thing. But, what if we had a lottery system to further incentivize collecting? Whenever you buy an NFT from a marketplace, you also receive a lottery ticket for a monthly drawing. To incentivize collecting older art, maybe you earn a number of tickets proportional to the value of the piece multiplied by the age. Collecting a 1ꜩ piece minted within the last month might give you 1 ticket. But collecting a 1ꜩ piece minted 5 months ago, could give you 5 tickets.
3) Airdrops - I’d love to be able to mint a collection that automatically airdrops a portion of the mints to prior collectors based on an algorithm that incentivizes collecting older pieces.
What do you think? Ping me on Twitter @RasterlyNFT
if you have ideas for helping NFTs appreciate in value.