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NFT

 And this segues into our NFT section where Coinbase is adding support for PYR (the primary utility token of the platform). It's called Vulcan Forged. Remember, anytime you see an exchange listing, you should sell. Because the coin will pump, and nine times out of 10, probably 99 times out of a hundred, actually, the thing's going to fade back to the pre-listing price. For that reason, I do think this is going to fall back to $3. It did bounce to $3.30, which is about 10%. But that's always a great time to sell. You can always buy back in for 10% less in theory. But you have no idea if the market is going to keep it going but statistically, that's just what happens almost all of the time.

We also have OpenSea launching on BNB Chain. Now the funny thing is I never thought of BNB Chain as a very NFT centric chain. Solano is the other bigger player, and Polygon is catching up. Also, a lot of these other chains like Avalanche are trying to get onto it, but it's not really helping.

OpenSea's in trouble because everybody's creating marketplaces now. And the best they can do is just try to add more features, add more reach, and try to get that liquidity or that order book away from other competitors.



We also have Mattel launching an NFT marketplace with Hot Wheels. And if you guys don't know, Hot Wheels is already a very NFT-like collector's item. People collect these cars, and there's only a few, a certain number made of each car. And I think people give NFTs a lot of criticism like, "Why does someone buy this collection that's like 10,000?" Well I think Hot Wheels has released way more than 10,000, probably millions and millions of these cars, so many different collections. And people do collect them and they're making a ton of money. 

So it actually is one of the best use cases or best candidates for NFTs, because they already do it in real life. They already have real life NFTs, which is like watches or purses any limited supply, high expense collectors item to the rich. But the unique thing about Mattel is that it has a much cheaper entry point than luxury items.

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