The average floor price in the first hours after minting on OpenSea was around 0.05 ETH, which is equivalent to $100.
Retro Hunters
NFTs
Gaming
Retro Hunters
Progress mission: 0 of 3
Rewards
Reward Results
$70 $90
Details
Minimal cost
~$60
Time required
10 min.
Category
Raffle
Rating
7/10
Risk
Low
Deadline
2023-06-28
The average floor price in the first hours after minting on OpenSea was around 0.05 ETH, which is equivalent to $100.
The mint price was 0.0077 ETH, which equates to approximately $15 given the current ETH market price of $1960. After the launch, the RetroHunters price shoot up and sold for almost 10x - 0.066 ETH ($130), with the average sale price later hovering around 0.05 ETH or approximately $100.
Therefore, the net profit from an average sale, after accounting for gas costs, was around $90.
It is also important to mention that the above selling price was achievable for a short period amount of time (less than 2 hours). Afterwards the floor price started falling down rapidly, finally resting below the mint price.
Pros & Cons
Why is it worth it?
High user engagement across 100+ diverse NFT communities, including Azuki, Tubby Cats, Pixelmon, and more.
The concept of upgradeable NFTs, which can stimulate people to hold onto them instead of selling them.
Risks to consider
Unknown mint price and supply
How to participate?
Retro Hunters is a gamefi project that requires NFTs for playing, they have a two token model that requires and encourages holding your NFT to earn arcade rewards (offchain points) that at some point will be convertable to onchain tokens.
The release of their two mini games shows that the team is dedicated to shipping and with the number of hours logged in by users & different NFT communities that participated, it is a good sign of engagement.
The potential for future collaboration exists with these communities but as a stand alone project i think this project is worth participating in. The potential to earn future rewards and enjoy a fun game while at it is there.
The current downsides i see are the potential pricings and supply of this project, it could be priced too high and treated as a cash grab or too low and instantly dumped so they have to fix a reasonable enough price that makes it worth the potential risk.