Had an interesting discussion yesterday on our Monad space about the right time for NFT projects to mint on new chains. Day 1 or even week 1 is usually not it. There is so much going on, insane competition over attention, potential tech issues (not necessarily on the chain-level but on dApps) etc. First-mover advantage is real but it's much less important than one might think. Look at the Abstract and Berachain NFT ecosystems that launched this year. The projects that stood out weren't the ones that minted first, but the ones that brought something new to the ecosystem. That being said, waiting too long is not good either, because it can kill the hype
19.63K
460
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.