描述
2021 was about the Flex
bayc, punks, doodles, pick your pfp
2021 money was easy
- interest rates low
- stocks/crypto all-time highs
But the world has changed
What used to be cool, is now passé
Stealth wealth > logos
Google Trends shows search results for Loro Piana, up 8x since crypto top in November 2021 ... steal wealth fashion trending higher
HBO's Succession highlighted this fashion style
to the mainstream ... and it took off
Instagram now full of "Old Money" style reels
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& NFT pfps didn't get the memo
They continued to be about the flex
Even though ... that trend had shifted
Subtle is cool
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I had BAYC as pfp from 2 ETH, held for a long time &
sold it in late 2022
Moved more subtle to a CryptoPunk as pfp
sold that
Until I got to a pfp that resonated with me
That's not about the flex, perhaps the anti-flex
Because subtle is cool
⬜️🟫⬜️🟫⬜️
Art collecting won't go out of style
Just like few would know a $3k Loro Piana cardigan
Few will know what a Ringers or Fidenza is ... but the ones that know will know
& fashion has shifted to the more subtle cues
Flex only to others that are in-the-know
No reason to flex to everyone
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Azuki is intersting, respect the art
But the OG collection didn't like the new collection
had similar vibes
Rather than embrace the subtle differences, the community demanded the flex
And we see the result
Flexing is no longer cool ...
And prices across NFT market reflecting that in spades