LogFAQs > #957643083

Menji posted...

Where did you go to research NFT trading?

Google? Lots of googling to get the basics, and then looking over available series with blue checkmarks to find something (A) I could afford and (B) had some demand for resale.

Currently I've narrowed my focus on an NFT series that is being issued by Candy Digital in conjunction with Major League Baseball. They are doing an NFT series for each ballpark where there is a 1 of 1 (Gold Series) of that park available via auction (and those are selling for quite a lot) and an "unlimited" run of the "Steel Series" that is available for purchase for just a few days for $100, which results in a different number being available for each park depending on how many get purchased during the range of days.

For example from August 09-12 you could buy the NFT for Fenway Park or Citi-Field. Fenway sold 338 and Citi Field sold 235. The Gold Edition for Fenway sold for $12,000 and the gold edition for Citi Field sold for $30,000

Then from August 16-19 you could buy the NFT for Nationals Park, Tropicana Field, Yankee Stadium and Wrigley Field. Looking over those I saw:
Nationals Park: 171 Steel Series Sold - $9,000 for Gold.
Tropicana Field: 151 Steel Series Sold - $17,760 for Gold
Yankee Stadium: 414 Steel Series Sold - $33,000 for Gold
Wrigley Field: 346 Steel Series Sold - $17,777 for Gold

and so forth. You can see more about the available of those NFTs on:
www.candy.com
and
https://www.bitski.com/candy/

Currently there is 28 hours left for the fourth pack of parks (Kauffman Stadium, Angels Stadium, Oracle Park and Chase Field).

Now what caught my eye is that after fees/taxes you can pick up one of the steel series for around $115 (will vary depending on gas fees), but that many of the steel series are reselling for around .1 ETH ($350~) and some are selling for even more. Last night a Fenway Park sold for .35 ETH ($1225~) so there is definitely some variance based upon how popular the teams are, and I believe there will begin to be more priority going to the parks that sold the fewest during their limited runs. (Such as Tropicana with 151 and Nationals with 171)

Because there is a special NFT that will be available if you have a wallet that contains all 30 NFTs after the world series. Now if you knew about the series from the beginning this would run you $3000 + taxes/fees because you could just buy each NFT as it's released, but now that we're on the 4th pack there is going to be a hard limit on how many of those special NFTs will be claimable based upon the number of Steel Series which sold the fewest which is probably why the cheapest Nationals Park listed for sale is at 0.5 ETH and the only Tropicana for sale is listed at 1.5 ETH.

So currently my plan is to offload these Steel Series at "discounted" rates on the secondary sale market once their open availability ends and keep my eyes open for any from previously closed series that become available to see if they are a good deal based upon the total number minted.

And we'll see how this goes. I'll cash out enough ETH to realize a small gain and keep the rest available to set my sights on more profitable NFT collections if I see more opportunities.

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