Open Edition meta has taken over web3
But which ones should you buy?
Here's a short guide on figuring out if an OE will cook 🔥↓
1. The Artist
Obviously, the artist behind the OE is very important
Green Flags:
• Large following/engagement
• Well-known in art community
• History of success in art
Red Flags:
• No previous art
• Using influencers to promote
• New/small account
2. Price
A high mint price isn't always a bad thing
Compare it to the floor on their previous projects, keeping supply in mind
Generally, the higher the floor is on their collections, the higher potential the OE price has
3. Culture
Cultural relevancy is crucial to OE success
Examples:
• Nyan Balloon by @PRguitarman is a remake of a classic meme
• Checks - VV by @jackbutcher comments on the verification meta
Most people don't care about the art as much as they care about the culture
4. Burns 🔥
Burn mechanisms for OEs drive most of the price action
Multiple burns usually lead to a longer uptrend in price on the original, but too many burns can cause the floor to dump
Find out if the artist plans on utilizing burns & degen responsibly
TLDR: Guide to Open-Editions
• Investigate the artist
• Analyze the price vs. previous work
• Determine if it has cultural relevancy
• Be mindful of burns
• NFA, DYOR
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