The BasePaintStrategy For the uninitiated thereβs a new meta forming across some NFTs, to steal a DeFi word of old, a flywheel strategy; punkstrategy.fun or computerstrategy.xyz. Even @gami is working on a proposal for Nouns: https://farcaster.xyz/gami.eth/0xe904cb4e. From a high-level, an ERC-20 is launched, this token has a trading fee of 10%, those trading fees are used to buy a floor in the collection and relist it at 1.2x the price. When that NFT is sold, the proceeds go to buying and burning the ERC-20. Now this feels a little degen for BasePaint, but hear me out. I think if thereβs a clever dev out there it could work. Setting aside for a moment, the need to figure out how to have this NFT Strategy look at and buy a floor from an ERC-1155 collection. Letβs assume thatβs figured out and the ERC-20 $BPSTR is launched, what does it look like, how would it operate?
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WEN BEEPER MERCH? π BEEP BEEP π $mintedmerch
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Did I read that right? 25 sales and the designer is inducted into the Merch Moguls?
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