today we are talking about my investing / collecting philosophy things that i always look
for as my main rules of thumb and today i'll be showing you guys the main three things that i use
when i'm determining what i should or shouldn't be buying what i'll be looking for long term
etc and this mainly applies to veve because that's where i have the most experience but
as i've branched out into other projects such as hero or recur these are also the same types of
things that i'm looking for although keep in mind that things can change as utility and as nfts and
the whole space in general evolves these things can change but in my opinion and up to this point
these philosophies have been very consistent over time and i think that they'll continue to
be consistent long term and i think that these three factors will continue for the foreseeable
future to be some of the main catalysts that give collectibles nfts whatever might be value
what's going on guys my name is nft flenny thank you so much for joining me today
if you're enjoying the content i'd really appreciate a like comment or subscription
any of those things would be more than enough without further ado let's get straight into my
collecting philosophy so as i mentioned i have three main things that i'm usually looking for
and i'll be going through these in order starting with most important or the top priority and then
going down the third one is the least although still very important but at least from this list
so the first thing is first appearance slash first edition now this is so important because as we've
been starting to see not only in the nft space but on vb as the time goes on as the years and
years pass the market will get so saturated i mean we've already seen how many batman's come out now
i think at this point it's like between 15 and 20. so as you can imagine as more and more time
goes on there will be even more batman on the app so what will be the distinguishing factors that
make one batman more valuable than the other and in my opinion and this goes for everything not
just that one character the first is almost always the most valuable of course there are
some exceptions if something has some historical significance or if it has some kind of utility
or fill in the blank but as a general rule of thumb the first of something is usually the most
exclusive and the most valuable so looking for a first appearance slash first edition on veve
and especially this requires a bit more research and a bit more knowledge in the space but if it's
also the first on the blockchain in general if it wasn't released on any other app at all
that gives it even more bonus points even more credibility even more value and that is because
as more metadata becomes available as it becomes easier to see i think that we'll start to see
that a lot of the first that hit the blockchain as a whole not just what hit veve first i think
those will over time prove themselves to be some of the most valuable some of the most exclusive
some of the most prestigious so that was the first and most important pillar first appearance first
edition and the best first on the blockchain that'll be the main thing to distinguish these
collectibles years and years and years down the line so moving on to the second pillar
the second most important thing that is brand name slash character name recognition popularity
whatever you want to call it these need to be linked to a big brand in my opinion they don't
need to be but that will give you your biggest chance for long-term value just in general the
reason that this is number two and not higher than the first appearance or first edition pillar
is because even though something can be first appearance of first edition we'll see
probably a million of those literally as time goes on as more and more collectibles come out for just
about every brand the direction that all these brands are going as companies are going taking
nfts at some point almost everything will have a first appearance or first edition
but that does not mean that it'll automatically be valuable it usually needs to be linked to
some big brand behind it some kind of historical significance something that people grew up with or
very fond of and that have widespread appeal for example a collectible from a brand that has 10 000
diehard fans the demand for that will obviously be way less than a brand that has a million die
hard fans using a personal example i know that i really gravitate toward disney on the veve app
because i know there are millions and millions of extremely die hard disney fans meaning that
there's a greater chance that somewhere down the line there will be a die hard collector who will
pay just about any price for some kind of first appearance first of its kind disney collectible
i've heard a story from veve magic on one of the nft pirates interviews that people wait in line
for about i want to say 12 hours and pay like 400 for a limited edition popcorn bucket so imagine
what they would do for the first of its kind of a disney collectible where you don't have to wait in
line you don't need to get it shipped to you not to get it delivered to you and it may be this is
speculation but it could have utility as well and also something else to consider when it comes to
this pillar about character popularity is future potential popularity i know a few of the comment
gurus such as comics in crypto and sleeping comics in the community they invest in comics with
characters that have high potential to be popular down the line or newer characters that are more
popular with the younger generation of today so hopefully i didn't just spill any of their secrets
but that's also something to consider but keep in mind this is a lot more long-term of a strategy
and a lot riskier in my opinion high reward of course if it does pay off but you'll probably
have to wait in general i think most nfts are long-term investments for the good ones at least
but in this case it would have to be even longer to see a worthwhile return on investment with that
strategy but it is something to consider and it could pay off for you so keep that in mind
so now we are on to the third and final pillar that being scarcity now the reason that this one
is last is because i think that in the long term scarcity number of additions will could i don't
say will they could be a wash i think there's a much higher chance that it'll be a wash for
the blue chips the grails for example when we have millions and millions of users on or when
millions of collectors are collecting these types of things the difference between a few thousand
or a few hundred in the grand scheme of things might not be as big of a deal as it is today and
i don't think that a relatively high number of additions should scare you away from investing
in something that you think is worthwhile or that meets the other criteria that i mentioned
i know at the beginning it sounds funny to say now but toward the beginning of veve
people were saying that todd wouldn't be that valuable because it had 7000 editions while the
ultra rares at the time like the risso and that same set has 1700 they're saying oh it has four
or five times the amount of editions it won't be as valuable and the reason that i have the
pillars set up the way that they are is that the historical significance and the first of its kind
definitely outweighed the higher edition size so for example say a collectible has 10 000 editions
which is a pretty high edition size by today's standards now say there are 10 million users
on the app with those numbers only 0.1 of users at the maximum could be holding this collectible
so if it's a first appearance of a big character that could potentially pay off and you can see
how as the users grow these things will get more and more hard to come by and harder to be holding
you'll need to be in an elite class so i use all three of these strategies every time i'm deciding
if i want to go for a drop if i'm deciding if i want to buy something in the market and just how i
want to invest in digital collectibles in general so let me know what your collecting philosophy is
let me know if it differs or is the same as mine like the video if you liked it dislike the video
if you disliked it comment if you got something to say and subscribe if you're enjoying the content
i'll wrap it up here guys as always this has been nft flenny and i'll catch you guys next time
you