Do you know what NFT's are in Christie's NFT wallet?

Article: 0x13, Rhythm BlockBeats

Last week, a piece of news caused quite a stir in the NFT market.

Christie's Noah Davis revealed in the CryptoPunk Discord group that The auction house will auction CryptoPunks, Bored Ape Yacht Club, and Meebits, and Christie's will announce the news on Friday, August 6.

It was Tuesday, August 3. This was followed by a surge in floor prices at CryptoPunks, Bored Ape Yacht Club, and Meebits.

The floor price of CryptoPunks soared from around 20 ETH to over 40 ETH, Bored Ape Yacht Club from around 8 ETH to around 15 ETH, and Meebits from around 1 ETH to around 3 ETH. Although CryptoPunks have also landed in auction houses before, but they did not bring such a huge impact, and this time this fire took advantage of the head type NFT craze "dongfeng" to completely detonate the NFT market.

Moving on to Friday, August 6, Christie's made the announcement official and featured several of the NFT's coming up for sale in a video. These NFT's soon led people to Christie's NFT wallet addresses, and many people added them to their watch lists, hoping to be the first to know which NFT's would be available at Christie's in the future, Any NFT collection has a wealth effect, and no one wants to miss the first train.  

However, shortly after the address was made public, people refreshed the website and found that the wallet contained a number of "strange" NFT's, in addition to the ones already announced for sale, which were far from the standard for Christie's in terms of quality, popularity and influence.

A "grotesque" NFT in between the Bored Ape, which will be sold at Christie's

难道这些出现在佳士得钱包里的 NFT 都是即将参与拍卖的吗？事实并非如此，这些 NFT 都是其他用户出于各种目的而主动发送进来的。  

This isn't the first time users have done this.

Billionaire investor Mark Cuban, owner of the NBA's Dallas Mavericks, released his NFT collection back in January, when the address of his wallet was revealed to the world. The number of NFT's in his wallet has skyrocketed as his sales have been snapped up, and millions of users have sent their own NFT's to Cuban's wallet address. Suddenly, the number of NFT's in his wallet has become more diverse.

Cuban stores were forced to become grocery stores

  "If anyone wants to send any gifts, please send them to a different address, thank you," the 888 vault's OpenSea account profile said.

Why would people choose to send NFT to these celebrities' wallet addresses? There are four reasons for this.

1.

Some users cast some memes as NFT. Some of these memes may be related to these celebrities or even irrelevant, but they will make people smile and feel funny after seeing them. They don't do it for a reason, they just do it for fun.

2, gifts

These users are similar to the ones who are purely trolls, but they are giving away their NFT as a sign of respect or love and support for a celebrity. Most of the NFT that these users give away are carefully selected and of a certain quality.

3, publicity

This reminiscent of earlier COINS ring "zoo", a large number of projects will be half tokens sent to V address god, on the one hand, to promote themselves, on the other hand will also tokens, "forced to lock up", although god V, in the final will be selling these tokens, and donate it to charity, but at the beginning of the "zoo" event, This approach still works well.

NFT is certainly a better fit because it can be visually displayed in OpenSea without needing to be seen in the Ethereum browser and without the risk of project wrecks.

Many people in the purchase of NFT or encrypted art, often choose to "follow" these celebrities, one is that the aesthetic level of these people, the project judgment ability is often higher than ordinary people, they look at the project will have a higher level; The second is that these celebrities themselves have a "celebrity effect", after they buy, there will be a large number of fans, raising the price of NFT. So by sending their NFT to celebrities' wallets, which have long been the focus of experienced NFT players, these programs are doing more efficient "targeted promotion."

4. False propaganda.

Finally, there is a possibility that some project party may use this method to make false propaganda. There is a "previous record" in the crypto field. A project party once gave a16z's wallet address with its own token, misleading many users to think that A16Z invested in the project, so a large number of users began to buy the token. The farce ended when it was pointed out that the tokens had been sent to a16z on their own initiative.

In the NFT space, this is very likely to happen.

The reason why the project side will do this is also as analyzed above, if the user only sees a certain NFT in a celebrity's wallet, but does not investigate whether it is bought by the celebrity or sent by the project side, and the project side publicises that the celebrity has invested in the project, And this kind of false propaganda will make many people who do not know the truth into a kind of FOMO mood.

Nowadays, in addition to basic functions, public celebrity addresses are gradually endowed with the function of advertising window. Although OpenSea and other platforms also provide the function of hiding the NFT in the wallet, but in the face of massive influx of NFT, manual operation is also very time-consuming and laborious, so most people can only choose to ignore it.

  This can be even more troubling for new NFT players. In today's NFT boom, it's even harder to find good, valuable NFT. At a time when so many NFT projects are taking off, what we should do is not blindly follow, stick to DYOR, improve our understanding and pick out the next CryptoPunks or Bored Ape.

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