LogFAQs > #957707578

MLB NFT Update:

I just sold 3 out of the 4 NFTs that I purchased this week. I could have held out for larger payouts, but since this is still very much an experiment for me I reduced my prices once I saw some buying activity get started with the collection. My logic is that most people who are buying either found out about the NFTs after they stopped being sold or they are unaware that they were just recently available for 100 USD so I wanted to rush mine to the front of the line while they were still shopping.

For the 4 I paid:
$112.64
$127.16
$126.14
$123.53

for a total investment of $489.47

I sold 3 and received (after AH took their fees):
.0612 ETH
.0612 ETH
.0699 ETH

for a total gain of .1923 ETH

I transferred .190 ETH to my binance account so I could sell it (the transfer fee was .0023 ETH or about $9 at the current price of ETH)

As soon as it arrived I market sold the entire .190 ETH at an ETH price of 3941.19, I received $748.82 and paid about 57 cents in fees on the sale.

I'm sending $500 to my bank account to recoup what I spent for the NFTs.

Which leaves about 250 in profit in my BNB account and still the 4th NFT in my wallet which I'm fairly confident will sell at a higher price than what I let these ones go for.

I'd consider this test a rousing success. There are still more packs of MLB Ballpark NFTs being released over the next 4 weeks. I plan to purchase every park for the 5th and 6th pack at least, and I'll see how things look for the 7th. I doubt I'll participate in the 8th because everyone who is trying to complete a set at that point will have access to the same ability to purchase them for $100 so there won't be any new people who don't have access to the newest set. Now to get the "full completion NFT" you have to have all 30 NFTs in your wallet until the conclusion of the World Series which doesn't start until October 26th, but I just don't see much opportunity for there to be a need for the 7th and 8th sets the same way the rest will.

Granted it's entirely possible these will continue to have a life outside of the demand from people trying to complete sets, but because these are not 1 of 1s I'm not confident enough. I'll take what I can from this experiment and then try to identify other collections that present an opportunity.

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~C~ FD
https://imgur.com/dGDfxaw