Founder of NFT Project Announces Plan to Make Profits on BAYC and MAYC

02/22/2023 03:07 • Tech Ticker • 123 views

It is reported that the founder of the NFT project rektGuy tweeted that “after careful consideration, today we decided to use the current NFT liquidity to make profits on BAYC and MAYC. We still have a lot of Yuga assets and continue to be optimistic about its construction”.

The founder of the NFT project rektGuy sold off a large number of NFTs including BAYC to make profits from the liquidity of NFT

Interpret the above information:

The founder of an NFT project has recently posted on social media that they are planning to make profits on Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) through their current NFT liquidity. The post contains a message from the founder, rektGuy, stating that they have carefully considered the decision to use their NFT liquidity for this purpose. This announcement has created quite a buzz within the NFT community, sparking conversation and questions from enthusiasts around the world.

The decision to use the current NFT liquidity to make a profit is an interesting one, as it suggests that the founder is looking to expand their investments beyond their primary NFT project. By diversifying their investments, the founder may see an opportunity to further grow their resources and wealth. However, the choice of BAYC and MAYC specifically suggests that the founder is interested in investing in high-value NFTs that have already been established in the market.

This decision also highlights the significance of the liquidity factor in NFT trading. Liquidity refers to the ease with which an asset (such as an NFT) can be bought or sold on the market. The availability of liquidity largely determines how quickly an NFT can be traded and at what price. For the founder to use their current liquidity for BAYC and MAYC, it suggests that they are confident in the value and stability of these NFT assets and that they believe they can easily sell them for a profit.

Furthermore, the founder’s statement that they still have a lot of Yuga assets and are optimistic about its construction suggests a potential strategy to balance their investments. By investing in established NFTs in the market and continuing to work on their own project, the founder can diversify their portfolio while still staying committed to their original project.

Overall, the founder’s announcement presents an intriguing perspective on NFT trading and the importance of liquidity in the market. By investing in established NFTs such as BAYC and MAYC, the founder may be able to grow their resources and further expand their investments while still dedicating their efforts to their primary project.

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