Buyers say NELK’s Full Send NFT prices are ‘absurdly high’
Nelke Announced their Full Send NFT project Tuesday, January 18, 2022 — not real (in a way NFTs can actual) NFT, This is a “yuan card”: Virtual membership card owners can use to enter not yet implemented (to the extent that Metaverse can accomplish) digital space, and future real-life space. What is the current reserve price of Full Send NFT, and how much is it higher than the original price?
Nelk initially minted 10,000 Metacard NFTs through their Full Send brand. The pre-sale went live on the morning of January 19; followed by public access 12:30 (Pacific Standard Time).
The original price of Full Send Metacard NFT is 0.75 ETH.In today’s currency – remember that the value of cryptocurrencies can fluctuate unpredictably – that is under $2,400. For some, that seems like more than they’re prepared to pay.
If this complete sending meta card is 0.75 minutes, that’s ridiculously high
— Chief 🧚♀️ (@sheikpls) January 19, 2022
Just saw the full send mint price is 0.75eth and 10% royalties? bad mood 🤕
— Kosher Plug (@KosherPlug) January 19, 2022
0.75 mint price to send NFT in full? Hard pass 😂. Still, that’s a quick 22 million for them.
— Policy (@Gvmbit_eth) January 19, 2022
Nelk sold out their Metacard NFTs in 10 minutes, earning $23 million in the time it took to unload the dishwasher. Thousands spend more on club cards than many spend on cars.
The high price of Full Send Metacard NFTs means some Nelk fans can’t afford it – see tweet below.
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What is the current reserve price of Full Send’s Metacard NFT?
exist open seaFull Send’s NFT is currently trading at 0.97 ETH or $3,085.
There are 6.3K owners (10K items), which means a lot of people have two or more dollar cards. People who own more than one are likely to buy NFT space as a financial investment rather than accessing Full Send’s future digital lounge space.
Nelk founder Kyle Forgeard told his Twitter followers on the morning of January 18 that nearly 160,000 people had joined the group’s Discord server.
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I am giving away 1 NELK Metacard.
Seeing that many of you didn’t get a chance to get one due to the high price of mint (over $2000), I’m going to give 1 back to the NELK community.
Retweet and like this tweet to get in.
Winner selected within 72 hours
good luck pic.twitter.com/HoqmhCGAsl
— Sam Pepper (@sampepper) January 20, 2022
While any number of them could be bots – Kyle himself tweeted a direct message from Nelk Boy Judd Warshaw saying their “verification bot” had “broken” – the competition to buy Full Send Metacard NFTs is clearly very strong Intense, which is likely a reason for the price increase.
What access should Metacard grant?
According to its own websiteFull Send Metacard will provide ‘exclusive access’ to what Full Send does in the physical realm and “Metaverse”.
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The company plans to launch more “branded businesses,” including “lounges, gyms, festivals, casinos, restaurants, and more.” These appear to be real-world ambitions: the statement goes on to say that Full Send will “take the same adventures” and “launch them in the metaverse.”
Thus, Metacard acts as a “mint pass”, allowing holders to access future NFT projects. But it is also an NFT itself, because it is built on blockchain technology; it is not fungible, it is a token.
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Bruno is a novelist, amateur screenwriter and journalist with interests in digital media, storytelling, film and politics. He has lived in France, China, Sri Lanka and the Philippines, but returned to the UK in 2020 to pursue a degree (and because of the pandemic). His articles appear in Groundviews, Forge Press, and The Friday Poem, most of which are available at Medium or onurbicycle.com.
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