NFT collections emerged as an exhilarating trend in 2022, with digital assets being sold online for astonishing sums. This trend even extended to seemingly simple creations, such as Ether Rock, where basic rock drawings could command up to $500,000 each. But after a significant crash in 2022, and a cooling of the crypto market in 2023, the gold rush seems to have subsided.
The opportunity to easily become rich by selling NFTs has dwindled, making it more challenging to rise above the noise. Yet, I've decided to embark on my first and final NFT venture: Ether Ring.
Drawing inspiration from Ether Rock, I've crafted 100 ring pixel art NFTs, each with an Ethereum gem and unique colorways and narratives. My strategy is to emulate CryptoPunks by gifting the first 50 rings to notable influencers in the collecting community and selling the remaining 49 at $50,000 apiece, targeting a total of $2.45 Million. I'll also present a specially designed ring to my favorite person in the world.
Will this venture transform me into a millionaire? Time holds the answer, and I'm eager to see how this unique experiment unfolds.