VaynerMedia CEO and leading NFT figure Gary Vee has always been supportive of NFT projects and this time, he gave his thumbs up to BAYC and SupDucks!
Gary Vee was agreeing to @yousafzx’s tweet that, “Buying a top tier nft like #supducks or #bayc or #doodles is like having instant access to the community. U immediately have great brotherhood/sisterhood. In the community invest in the community.”
Agree and @RealSupDucks https://t.co/7zS7HJJxdU priced in a way that some can “still get in” https://t.co/2Tm57OAhKJ
— Gary Vaynerchuk (@garyvee) January 1, 2022
Why is Gary Vee Recommending BAYC and SupDucks?
BAYC started out as an NFT Collectible and grew to become a full-blown franchise thanks to its community. It had a terrific 2021 with over $1 Billion tradeable volume. It looks like 2022 will be another record-breaking year. With an iOs game and animated series on the way, BAYC is on track to remain its dominance, rivaling OG Collectible CryptoPunks.
So what exactly made BAYC stand out? Answer: the BAYC community. Its NFT holders have always stood out for being dynamic and engaged. In addition, they have a reputation for going the extra mile to promote the franchise. Thus, even Gary Vee has high praises for the BAYC community or club members.
What’s even more unique is that the overall vibe of the community reflects the branding of BAYC, making them the best ambassadors! We can trace this back to the core utility of the NFTs. Bored Apes doubles as a Yacht Club Membership card and grants access to members-only benefits. Thus, the NFT holders had a powerful sense of being a community from the very start. Then, as the project grew, the BAYC identity also flourished.
Meanwhile, SupDucks had a stellar launch after selling out in just 48 hours! It is the brainchild of Latin American NFT CryptoArtist, Franky Aguilar, popularly known as FrankyNines. It immediately charmed NFT Collectors with its 90’s-themed cartoon ducks featuring wacky and punk-pop culture references.
Initially, the price of SupDucks ranged from 0.1 to 0.7 ETH per piece. Now, the floor price has climbed to 1.71 ETH. It is definitely not on the affordable spectrum but for a top NFT Collectible, it is already a steal! A few days before Christmas, BAYC’s floor price rose to 53.9 ETH, flipping CryptoPunk’s floor price of 52.69 ETH. As of press time, BAYC and CryptoPunk floor price is tied at 65.6 ETH. So as Gary Vee puts it, “it is priced in a way that some can “still get in.”
The Importance of Community
Simply put, the community is the backbone of an NFT project. An organic group of early believers, advocates and adopters is enough to jumpstart sustainable growth. Just look at what happened with the NFT industry. Early NFT holders started using their avatars as their PFP. Every purchase signifies support to the NFT Space. By owning a Bored Ape Avatar, you’re making a testament that you are part of the community. This ripple effect has transformed the NFT space from being a niche market into a commercial success.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.
