Da Vinci 🧵
Da Vinci 🧵

@davincithreads

16 Tweets 2 reads Jun 03, 2023
1/How to spot successful NFT Projects early
Introducing the Meta Art Thesis with
The Opepen Case Study - A 🧵
2/The Meta Art Thesis
Almost 3 months ago I wrote a thread on Opepen predicting their success
Today I share the Meta Art thesis and how you can use this to identify successful projects and artists early in their career
3/What is Meta Art?
Meta Art is art that is produced in a certain form factor to capture current/notable events
4 Great Examples of Meta Artists are:
🔸@Jackbutcher
🔸@Vince_Van_Dough
🔸@Batzdu
🔸@Beeple
4/Attention Accrual
As we have established in previous threads attention equals value when it comes to NFTs
Meta Art allows you to capture major events while attention is at its peak
When done well this gives the art value and provenance
5/Meta Artists
Most Meta Artists have a distinct style that can easily be recognised as belonging to them
This also sets constraints that allows them to maximise their creativity
This can be seen in Opepen's base design
6/Signal
What we see with Artists of this stature is consistent posts of new artwork/building in the open
When posts receive a large number of likes/views (a lot of attention) this can be viewed as a positive signal that there is demand from the public
7/Consistency
These regular posts also build mindshare and a following of people who resonate with your art
In Opepens case we received consistent posts and art from Jack for 3 months before a mechanism was finally decided upon
8/Relevance
As a buyer you want to be looking for NFT collections/projects/creators that can consistently garner attention over the long term
Otherwise they become a flash in the pan like 95% of projects
9/Value
Below you can see my prediction for the Opepen mechanic over 3 months ago
Although not 100% correct you can easily see how this translates to the current opt-in process
It should come as no surprise if we see future 30 ETH plus sales
10/Price Action
Opepen is up 300% over the last 2 weeks
While it is difficult to predict the price in the short term I can confidently say there will be future drops and collaborations that recapture attention
Also bear in mind unrevealed Opepens are deflationary
11/Upcoming Newsletter
I am currently working on a new article analysing these 4 brilliant artists and
breaking down the Meta Art thesis in great detail for artists looking to grow in Web3
Sub to my newsletter with the link in my bio if interested
15/TL;DR
1. The Meta Art Thesis
2. What is Meta Art?
3. Attention Accrual
4. Meta Artists
5. Signal
6. Consistency
7. Relevance
8. Value
9. Price Action
10. Upcoming Newsletter
16/Thanks for reading ❤❤️❤️
If you enjoyed this thread:
▪︎Follow me @davincithreads for more
▪︎Please RT the tweet below to share

Loading suggestions...