Story
Shaan's $800 Kobe NFT flip into $10k-$25k
Shaan recounts buying five copies of a Kobe 'Forever Mamba' NFT on Nifty Gateway for $800 each despite people mocking him for 'buying a file,' and watching them rise to $10,000-$25,000 — his first NFT flip.
“And so I bought this like Kobe, you know, the Forever Mamba. I don't know if you've ever seen it. But basically, I was telling Sam on the pod, I was like, yeah, I just bought this thing for $800. And you know, he goes through the cycle everybody goes through, which is, you bought a file? Like, what? Why are you buying JPEGs?”
Prediction
Pending
Nifty Gateway will hit $100M in art sales per month by year end
Shaan predicts the NFT marketplace Nifty Gateway, then doing ~$20M/month, will reach $100M in art sales per month by the end of 2021, putting it within range of Christie's and Sotheby's.
“Yeah, I think they're doing $20 million in sales every month right now. I believe they will get to— by the end of this year, I believe they will get to $100 million in art sales per month. I don't know what like Christie's and Sotheby's and those guys do. I don't think this is that far behind.”
Idea
Sell a smart frame branded for NFT collectors
Shaan argues there's no good way to display NFTs at home, so a cool, NFT-branded $300-$400 digital frame that connects to your Nifty Gateway/Ethereum wallet could do $5M in sales in a single month right now.
“right now there's so much money being splashed around here, I think that you could sell $300 frames, $400 frames, and I think you could sell probably 5 million of them in a month. $5 million of sales in a month right now, easily, because of people need a way to display these.”
Steal thisBuild an NFT-native digital frame that connects to a collector's wallet and rotates their collection, then market it straight to the people splashing money on NFTs.