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Let’s talk about a crazy new trend that I’m seeing with “Passive Income” NFTs.
Basically we now have NFTs that are focusing on buying other NFTs and using those to (literally) make new forms of money. This is a new spin on a model popularized by Cyberkongz which is famous for distributing ERC-20 tokens to its holders worth +0,000/year (you read that correctly).
In this video we talk about Mutant Cats (buying Cool Cats), Zombie Toads (buying Cryptoadz) and Goop Troop (nouns as a pfp collection). I also give some predictions for what these new DAO NFTs could mean for the market as a whole, and why some could end up being worth more than you might think.
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0:53 the NFT with 0k/year in passive income
1:47 how can a JPEG create money?
3:04 passive income model
3:32 the beauty of the NFT space
4:52 what Mutant Cats and Zombie Toadz are doing
5:52 the new way JPEGs can print money
7:47 my first impression
8:27 how this will change the game for blue chips
9:56 the challenges ahead
11:20 hot takes