The fastest growing NFTs under $500 | NEW platform

Hey guys so today we’re going to talk About a new platform that is gaining a Ton of momentum and one where you could Buy nfts for less than 500 and often Even less than 100 so to give you some Context a while back i made a video Called why nft collectors are going Crazy for art blocks and in this video i Explained why we were seeing an Explosion in what they call generative Art and how this could be you know a Dawn of a new era in art history how a Lot of the artists in this space could Eventually be seen as legends decades From now and then finally how investors Who were buying up these collections Could become very rich and while to me That all sounds pretty exciting You guys weren’t that into it in fact Only about 11 000 of you saw that video And i didn’t get the impression that Many of you were going to jump in Anytime soon however to give me some Credit that video did come out a bit Before volume really skyrocketed on our Blocks and we did end up seeing some Pieces of art become legendary like Fidenzas and ringers and a lot of Collectors did make a thousand x gains Or better now if you missed out on this That kind of sucks but don’t feel too Down because that’s still not as bad as Making an entire video on our blocks and Still walking away without one of these

Grail pieces in your collection And even though our blocks has come down A lot from the summer we might soon see Another run-up in generative art and of Teas although maybe in a healthier way This time and more importantly in a more Affordable way so that more collectors Can participate but this run-up might Not happen on our blocks it might not Even happen on ethereum because you see The platform that is getting me and Other collectors excited again is on the Tesla’s blockchain and it’s called fx Hash so today we are going to talk about Fx hash and whether we have another r Block summary on our hands and then at The end i’ll give you some strategies on How to find nfts with potential on this New platform and guys if you appreciate The videos that i’m putting out on this Channel i am once again asking you to Mint that like button to help these Videos get pushed to the front page Honestly it would mean a lot all right Now first off if you do want to Understand generative r at a deeper Level you know i do recommend watching That video that i made back in june i Put it up here but i am going to give You a quick summary of how this all Works so generative art or more Specifically in this case on-demand Generative art is art programmed using a Computer and these are released as a

Collection with small random variations Across each piece and when you meet one Of these nfts the actual process of Minting determines a random output and Ultimately what your art piece looks Like so in other words the collector Plays a role in the art process and this Does add you know a layer of fun on top Of the normal you know process of buying Art because you don’t actually know what You’re gonna get in my last video i used An example where we took some text and Adjusted some variables such as the Color and then the font and the talent Comes from how the artist introduces Randomness into the collection so that You know many pieces are sufficiently Unique but still visually appealing you Basically want to see cohesive themes Throughout the collection but still feel Like yours is unique enough where it Does feel like a non-fungible piece of Art i mean that is why we’re all here Right and once a collection is fully Minted out then the market’s gonna Decide which ones they like the most and Secondary prices are gonna reflect that For example if we look at fedenza’s we Can see that they follow a certain theme But that some might stick out more than Others and now if we take a look at the Most expensive fidenzas you know the one That go for millions of dollars then Perhaps you can see certain aspects that

Make these extra special compared to the Rest sometimes it comes down to the Actual rarities in the metadata and Other times it’s just subjective Preferences and keep in mind that this Type of art is all based on code right It isn’t painted by hand on a canvas and So at the end of the day you’ll have This script which can then turn into a Piece of art like this so because of all This you know the code-based art the Minting process etc many people do feel That generative r is perfect for the Blockchain and this is part of the Reason why that it’s been one of the Most or the most popular form of art During this nft bull run this year and This could just be the beginning of a Multi-year cycle once traditional Collectors start jumping in the game Okay so now that you’re up to speed on Generative r let’s talk about fx hash And what i’m gonna do is you know throw A definition on the screen and then We’re gonna break this down into the Different reasons of why so many people Are excited so fx hash is a fast growing Open nft marketplace with affordable Generative r on the tesla’s blockchain Okay so that sounds like a lot but let’s Tackle these points one by one starting With the fact that fx hash is an open Marketplace what this means is that Literally anyone can create a collection

On fx hash you don’t need to be you know An artist with a well-known brand or Track record and this is very different From art blocks which had a curation Board that would hand pick you know the Collections that would appear on their Platform and in some cases like the art Blocks curated section these selection Rounds would be highly competitive and They would take into account things like You know name recognition and resume the Idea is that this would create a more Curated selection and that people would Prefer that in contrast on fx hash you Don’t get any curation and this has both A good side and a bad side the bad side Is that obviously there’s going to be a Lot of noise right and most of these Collections aren’t going to be worth Anything and most aren’t even going to Mint out completely the good side is That you might get a lot of brand new Artists who haven’t established a name Yet but could still be very talented and You also can get well-known artists who Are coming to fx hash to be more Experimental because they don’t feel That much pressure because they’re not Charging that much money and that leads Us to point number two which is that fx Hash is very affordable in general it’s Not that hard to find artwork selling Below 10 tes which is about 40 bucks and Part of the reason is you know as we

Said a lot of these artists aren’t well Known or if they are well known they’re Probably doing more experimental work And so they’re not encouraged to you Know max out the mid price regardless The point is that if you’re a beginner Collector who just wants to jump into The game and start experimenting it’s Going to be a lot easier to do that with Fx hash and their affordable prices Compared to something like r blocks Where you might be paying you know to Eat for a piece of art and let alone Ethereum gas fees which we’ll talk about In a second on that note moving on to Number three fx hash is on the tesla’s Blockchain now if you’re not familiar With tezos i do have a video on that as Well which you can check up here but the Summary is that tezos is an l1 Blockchain like ethereum except they use A proof of stake model which means that Transactions are super cheap and also It’s carbon neutral which you know a lot Of artists care about so because of Those reasons we’ve seen a huge art Community build up around tezos first With hicka nunk which used to be the Main art platform on the chain before it Closed but you also have caliment Object and now fx hash and in my opinion You know at this rate teslas could Become the definitive blockchain for Crypto art in 2022 okay and then last

But not least fx hash is growing Incredibly fast if we look at this Twitter thread from mac crypto 777 we Can get a feel for how much some of These collections are growing just Looking at the right column here we can See seven day growth trends and as you Can see there’s a lot of 3x 4x 8x gains In just about a week and here on the Left you can see some collections that Sold for like five tez which is about 20 Bucks and now has a floor of 500 tez or 2 000 So these were like the growth rates that We got used to seeing on our blocks but In this case the entry tickets are much More affordable and guys we’re still Very early so as matt points out we’re Only at about 6 000 wallets on fx hash Compared to over 45 000 wallets on our Blocks alright so those are some of the Reasons to get excited about fx hash now Let’s jump into the platform and Actually buy something to see how it Works so this is the website and it’s a Pretty clean user interface you can see The collections that are in the middle Of their mints and just by clicking on One you can see that this one costs just One tez which is currently about four Dollars so again just night and day from What we’re used to paying for nft now Here it says that this is a pretty new Collection and you’ll want to confirm

That this profile actually belongs to The artist so what you’ll want to do is Click through to their artist page and Then see if they’re linking out to Social media in this case they are so we Head to their twitter and on their Twitter page you just want to make sure The account looks legit and that it’s Linking back to the fx hash artist page Which in this case it does and then what We’re going to do is unlock the minting Button and buy one okay so i actually Had to come back later because here’s What happened fx hash actually has Operating hours which is very different From how other platforms work this means That it’s only open during a specified Time frame each day instead of being Available 24 7. so i actually have to Wait until they open back up to be able To mint this now one thing worth Mentioning here is that fx hash isn’t Without its criticisms to be clear the Platform is still in beta so you might You know see a bunch of technical bugs That you wouldn’t expect from other Platforms although if you use openc Which is still a mess despite having Over 100 million dollars then it might Just be more of the same another issue That people are starting to notice is That some of these high-profile drops Are becoming really competitive to the Point where they’re selling out within a

Few seconds and it’s becoming apparent That a lot of bots are buying up these Mints this is partly because there’s no Gas wars but it’s also because they’re Not using any unique minting strategies Like we see on ethereum so no raffles or White lives or dutch auctions etc in This case it’s just basically mint and Pray now i don’t think any of these Problems are insurmountable i think they Can figure it out but for the time being It does make it pretty difficult to get In on a high profile mint and this is Probably going to get more difficult as More collectors start piling in all Right with all that said let’s take a Look at a couple of strategies that you Can take when it comes to fx hash so on One hand you have these so called blue Chip artists and like i said it’s going To be pretty difficult to get in on Their mints which kind of sucks because That is part of the fun of generative Art but you can still obviously buy Their works on the secondary market just Head over to the marketplace tab enter The name of an artist or collection and You’ll be able to see what’s being Listed and sort by price just like you Would on openc now obviously you’re Going to be paying a lot more on the Secondary market but this can still be a Very profitable strategy for a couple of Reasons the first reason is that

Generative art could still be very Undervalued relative to where the space Is going to be in a few years so as we Said there’s only 6 000 wallets Currently trading on fx hash which is Nothing and if you believe that the Traditional art world is gonna wake up To this at some point that’s a lot of Super rich collectors that are gonna Come in and they’re probably gonna Target the top one percent of artists That they consider to be you know blue Chips the other reason is that tezos Nfts still trade at a big discount to Ethereum nfts even when you compare two Different works by the same artist and Here’s what we know we know that Coinbase ftx maybe even robinhood They’re all working on nft marketplaces And they all understand that this is Going to be a multi-chain world so Coinbase will for example have solana Tezos cardano entities all on the same Dashboard sitting next to ethereum and When that happens i think a lot of these Tesla’s nfts will get you know a bump in Price just because they’re going to get More demand and they’re going to be Compared to similar products on ethereum Where in some cases you know they’re 5 Or 10x the price okay so that’s the blue Chip strategy right but you can also Take a deep value approach where you’re Scouting out lesser-known artists who

Could be diamonds in the rough and look I’m not gonna pretend like i’m some Expert in this space and i’m just gonna Start throwing names and deep alpha of Who you should be buying into you know I’m not some artist whisperer who’s Hanging out at these underground hipster Parties i to be that guy but honestly I’ve spent more time at super smash bros Tournaments than i have at art galleries Gaming has just been more my thing but We can all get better at this right so The best way to start as in most cases Is to follow people who are already Experts in the space one source that i Do recommend is a series of medium posts By anna wolfe called undercurrents as She describes it undercurrents is a Series of articles that showcase Outstanding artworks that received Relatively little attention on fx hash But that i believe are particularly Noteworthy and so here you can see some Deep dives into a lesser known artist to Give you a starting point and also to Get an idea of what collectors are Looking for in these pieces beyond that Just get involved and buy what you like You know as you’ll find the community Here is pretty welcoming and for the Most part we’re all beginners alright That’s it for today thanks for watching And i’ll catch you the next video