@taliskye
The BasePaintStrategy
For the uninitiated there’s 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 there’s 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. Let’s assume that’s figured out and the ERC-20 $BPSTR is launched, what does it look like, how would it operate?