X @Xeer

Cryptocurrency/NFT Market Analysis - The market sees similarities between new NFT projects and "shitcoins", highlighting potential risks [1] - Free JPEG mints are used as an initial tactic to attract users [1] - Key Opinion Leaders (KOLs) who receive free NFTs promote the project [1] - KOLs profit by exiting on their audience, showcasing their gains [1] - Founders generate revenue through high royalties [1] - The model benefits founders and early participants, potentially at the expense of later investors (exit liquidity) [1]