Bearish:

• 🔻 $PFP - Bold Leonidas (NFT comic maker) believes in scarcity in digital art so fans treasure it, seems critical of the speculation-driven nature of the NFT market, and prefers not to do large-scale PFP projects even though they make money.
  • “People were knocking down the door for me to do, like, a a 10,000 set, like, the same size as, like, Bitcoin Puppets or or Node Monkeys or whatever. And it just has no appeal to me of having these angry bag holders that are just really mad at you and reduce your enjoyment and experience in the space.” - Bold Leonidas (0:00)
  • “I just believe abundance like that is just like death. That sort of level of, like, artistic abundance that is available for sale is just foolish, because then no one treasures anything.” - Bold Leonidas (0:00)
  • “Once you hit a 10,000 PFP set, once you hit whatever, that kind of owning for the sake of owning, owning because you like it, genuinely is lost because this space doesn't really have that at its heart. It has making money at its heart.” - Bold Leonidas (0:00)
  • “Azuki did that elementals thing, pulled, what, 27,000,000 doing some secondary copy paste from the first set. Then you got 27,000,000, and you got a bunch of people in the hole because they just went straight down from Mint.” - Bold Leonidas (0:00)