Investing/Degen-ing in Art with DRiP
DRiP - Free NFTs (yes you heard me right)
https://drip.haus/
DRiP is a game changer. I can’t explain it any better than the following interview with the founder
https://youtu.be/lF7egvdOlps?si=zuihmXxJGlhRjz4M
(@Investigator515 recently did a good intro article I'd read before watching the above https://www.bulbapp.io/p/cb0b60de-5823-4f8b-a408-9258d75baec2/airdrop-activities-drip-hause?utm_id=b3ad6e56-f276-5bee-ac6d-3bcb9732a498)
And DRiP is only possible on Solana. That's down to compressed NFTs tech. Which are ground breaking.
https://youtu.be/AeUReQ2jhxg?si=e5xNTbznf6COAZ1N
Collect NFTs on DRiP (for free!). Trade 'em on Tensor https://www.tensor.trade/
Learn as much as you can.
Here’s an invite code: 3Ubso4hJ
https://drip.haus/studionx/collectible/apt-323-comics-apt323-issue011-645d808d
100K Droplets for 800 USDC
You have till the end of 2023 to get the Degen Poet special on @drip_haus for 800 USDC.
https://x.com/drip_haus/status/1735725660180537791?s=20
This gets you 100K droplets.
You can use to thank creators who were already giving you NFTs for 1 droplet per NFT.
800 USDC is a lot for most of people (even with the recent Solana airdrops).
And there isn't a straight line from this to a return.
DRiP aren't airdropping a token and you can get the NFTs for free (collect droplets every 6 hours), so this is purely patronage right?
Maybe.
Maybe not.
If you think crypto is long term, as I do, then I do think this is as valid an investment.
Quite possibly it's one of the smartest investments you can make right now.
Crypto needs users. Real ones. Not armies of bots and sweatshops looking for free money.
Nor pure gamblers looking to trade.
Real users see value from money spent on digital assets without needing to see an immediate return on that investment.
Enough with the infrastructure and tokenomics: It's time for actual products.
DRiP is a product. If you look on Tensor the vast majority of all collections are not listed. And of those that are listed, the trading is low.
No one is getting rich from collecting DRiP NFTs. Yet....
The Droplets Game
Most DRiP creators have perks associated to droplets gifted from DRiP users. These equate to higher rarity NFTs. Legendary is the normally the highest (Ultimates are 1 of 1).
Let's do some quick maths on what you might do with your droplets.
Degen Poet's Legendary NFTs on Tensor have sold for between 10 and 0.00016 $SOL
https://www.tensor.trade/trade/drip_degen_poet
DRiP Season 2 Legendary NFTs on Tensor have sold between 1.15 and 0.0004 $SOL
https://www.tensor.trade/trade/drip_season_2
Both of these are not Tensorians (https://www.tensor.trade/trade/tensorians) or MadLads (https://www.tensor.trade/trade/madlads) numbers, but 100K droplets at 800 USDC is 0.008 USDC per droplet. 1 SOL = 102 USD at time of writing.
And who is to say which artist will 'blow up' next year on DRiP?
DRiP will onboard many thousands more users to Solana next year. Maybe millions.
Yes there are many, many NFTs sitting on the sidelines right now.
One of my favourite artists, Bork the Viking Pug has 1,515 listed of a 3,424,843 total supply right now on Tensor.
https://www.tensor.trade/trade/drip_bork_rainbow
In some senses the price can only go down from here but...
Another way of looking at it is that if we see millions more NFTs traded that will likely be a positive, not negative.
A bear market is characterised by low activity, not just low prices. A bull market the inverse.
And there's some other numbers to consider.
The LOWEST sale for Degen Poet at time of writing on Tensor was 0.00003 $SOL, that's approx. 0.003 USD ($SOL= 102 USD).
You need 1 droplet to get 1 NFT.
I paid 0.008 per droplet.
I also got 4 free droplets in the last 6 hours.
And I'll get some more free in the next 6 hours based on my activity.
Plus you can play Legendary Lock In once a day for a chance to lock in a Legendary/Rare.
Skate To Where The Puck Is Going
No one is in crypto right now. If you think volumes are high they're not. They're tiny. User counts are still tiny.
DRiP is pretty much a marginal win for you right now.
Maybe much more if you use your perks wisely and use Tensor well.
In start-up land this early on for a projects investors are fine with burning cash hand over fist as the product is so early and no expects it to be profitable nor have a positive ROI.
In 12 months time I don't know how many DEXs or staking protocols we will actually need.
I get the feeling that as the wild west days die down people will just use the best ones and without the mad gambling tokenomics to support volumes most will shut down or be consolidated into larger players.
What I do know is that long term products transcend pure finance. Social media, Games, Art etc.. all have value that is above and beyond what the pure financial ROI is for a user.
Degen-ing/Collecting on DRiP
There is no insider knowledge needed on DRiP. No wallet tracking or complex trend analysis. It's content from creators. What you like is the research.
If you like it there's a chance plenty of others will, and the numbers aren't huge. We're not talking trillions of the same token, we're talking thousands of each NFT.
Here's some artists I like (and who I have collected on DRiP and Tensor) to get you started.
Have no idea if they'll be worth more or less in the future. I just like them and/or think what they're doing is interesting.
(DRiP - Twitter)
Comics
https://drip.haus/bork - @borktheviking
https://drip.haus/studionx - @StudioNX
Music
https://drip.haus/dropnation - @dropnationsol
https://drip.haus/vaultmusic - @vaultmusichq
Art/Storytelling
https://drip.haus/lcillustrates - @lc_illustrates
https://drip.haus/nofacenocase - @NFNC_art
https://drip.haus/tiiinydenise - @tiiinydenise
https://drip.haus/dreader - @dReaderApp
Desperately Seeking Alpha
The alpha? Look at the perks for each artist. Then look at the links in the About section.
The Top
To get into the Legendary drop for Degen Poet will take at least 5K droplets (maybe more).
They have 10K Twitter followers and nearly 800 Instagram ones.
They are THE DRiP OG though and the largest account at present on the platform.
https://drip.haus/degenpoet
But look a bit further and you'll see stuff that doesn't make a lot of sense right now. Least not to me.
The (potentially) under-valued
To get a Legendary or Rare for Drop Nation you'll just need over 100 Droplets.
They have 1.3K Twitter followers and 365K subscribers on YouTube.
https://drip.haus/dropnation
To get a No Face No Case Legendary all you need (at this point in time) is over 5 droplets.
They have 1K followers on Twitter and 48K followers on Instagram.
https://drip.haus/nofacenocase
Not financial advice. Just plain old good advice.
Go get 'em degen.
P.S. Proper Memecoins
If anyone wants me to do a post about some of the memecoins I'm currently degen-ing around with on Solana let me know in the comments.
This isn't $BONK or $SAMO territory. Those are proper projects in comparison.
These are something else. These, I think, are a properly new thing.
It is very wild and there's nothing at all investment related about it.
But it is interesting.
